Bengaluru, Mar 6: In the face of unprecedented economic difficulties, Chief Minister B S Yediyurappa has chosen to hike the prices of fuel and liquor to fund development in his 2020-21 Budget, which tries to offer something for everybody with the available resources.
Yediyurappa announced a 3% hike in the rate of tax on petrol and diesel. This will result in the prices of petrol going up by Rs 1.60 per litre and diesel by Rs 1.59 per litre. This is expected to fetch the government Rs 1,500 crore.
By hiking additional excise duty on Indian Made Liquor (IML) by 6%, the government hopes to mop up Rs 1,200 crore.
In essence, Yediyurappa, the finance minister, pointed fingers at the Centre for the state’s fiscal woes. He said Karnataka’s share in Central taxes has come down this fiscal by Rs 8,887 crore. Plus, Rs 3,000 crore GST compensation will also be reduced as collections from the GST cess are not on expected lines, he said in his Budget speech.
“It has become difficult to reach the 2019-20 Budget targets due to these reasons. To manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, it has become inevitable this year to cut down the expenditure of many departments,” he said.
Under the 15th Finance Commission, Karnataka will see a reduction of Rs 11,215 crore in the state’s share of central taxes in 2020-21, Yediyurappa said. He also pointed out that expenditure on salaries, pensions and loan interest payments had risen by Rs 10,000 crore. “Serious difficulties are being faced in resource mobilisation efforts of the state. The state never faced economic difficulties of this magnitude in the previous years,” he said.
But in an attempt to please all, Yediyurappa made announcements across sectors and communities. Instead of the usual department-wise announcements, the CM chose to divide the Budget into six sectors: agriculture & allied activities; welfare & inclusive growth; stimulating economic growth; Bengaluru development; culture, heritage & natural resources and administrative reforms & public service delivery.
Farmers will get additional incentives under PM-KISAN costing Rs 2,600 crore and a waiver of interest on loans they have borrowed from cooperative banks worth Rs 466 crore.
The CM has earmarked Rs 500 crore to start work on the Kalasa-Banduri canals under the Mahadayi project. Also, Yediyurappa has given Rs 1,500 crore to commission the Yettinahole drinking water project.
This project will cater to the districts of Hassan, Chikkamagaluru, Tumakuru, Bengaluru Rural, Ramanagara, Chikkaballapur and Kolar.
For Bengaluru, the CM has made an allocation of Rs 8,772 crore. This includes Rs 500 crore for the suburban rail project, an electric bike taxi project and bus priority lanes.
Significantly, Yediyurappa has not made any allocation to mutts. However, the government will spend Rs 100 crore on the Anubhava Mantapa at Basavakalyan, Rs 66 crore for a 100 ft Kempegowda statue in Bengaluru and Rs 20 crore on a 325 ft statue of Basavanna at the Murugha Mutt in Chitradurga.
The CM has given Rs 305 crore for the development of various communities — Christians (Rs 200 crore), Upparas (Rs 10 crore), Vishwakarma (Rs 25 crore), Ambigara Chaudaiah (Rs 50 crore), Arya Vysya (Rs 10 crore) and Kumbara (Rs 10 crore).
Also, nearly 22.5 lakh government employees and their dependents will get cashless treatment facility for surgical treatment procedures at an estimated annual cost of Rs 50 crore under the Jyothi Sanjini scheme, the CM said.
Comments
Viren Kotian,
Kumar,
Yogesh,
Danish.
George
Shiva
Naren,
Please guys, U guys with all worldly intelligence look like FOOLISH... Dont jump to name an innocent as Terrorist...
Think before YOU blame others
Only U wake up when it happens to you or your own families .
When some is blaming without PROOF ... They are called FOOLS and HYPOCRITE.
Please next time use your God given intellectual and VERIFY before you jump like MONKEYs...
This guy is proved innocent and you guys are proving us that WE can make U dance with any news that is presented to YOU Guys cos U guys never USE your intellect to VERIFY what is Said...THINK and PONDER.
Naren Kotian ......if you need the proof, pls visit the Bhatkal police station and find out who placed the meat bag in NAGABANA to create disturbances ..... this Bastard terrorist should be nakedly hanged.....
wow superb ... third rated jihadist ... hang this bastard ... mostly he arranged passports for islamic state or ISI porkis to conduct bomb blast ... rikacha sumne koorappa, jaathi buddi yelli bidtheera .. we are seeing how your community is doing , proof beka .. proof kotru neev accept madalla .. so waste .. burnol kodla rikacha ?hahahaha
Also arrest the officials who issued him those passports......they are the sponsors of these terrorists.....where are the officers who made his verification.....don't let people laugh at our passport agencies and government.
Do not count chickens before they are hatched? It is normal that painting Muslims with anti nationals and terrorists etc.....
Super and timely catch... Now Amnesty international will start fighting for this anti national's rights. We should make sure he does not escape.
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