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.
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Madam, please remove the zero which you added by mistake.
one bachali is telling central investigation agency also working anthe ... papa enu madakke agalla .. madrasa training effect .. tale odedare naalku akshara iralla ivakke 4 illi , mele 72 reserve bere ... hahaha ... sadya mossad hesaru helalilla ... hoganna kabbadii adu hogu ... fish sales mugididre ... hahaha
Nobody can stop us from grabbing the power , we will show the mighty power when election is nearing it ... shobakka no need to reveal . it is done we will get 150 at any cost ... permanently we should send the khangrace to their home .. becoz jihadists are using it as cover .
Pokkade?
At least Start Master Bhagawat Programme to produce more than 10kids, get marry more than one, Shobakka why are you not Co operating with your Great leaders request, now you looks like 50's above can not produce more at least try your level best to do something for Master Bhagath's request do not Bark Fate of Kannadigas now!!!!!! we will see when battle starts, Till then you co ordinate your Criminal RSS Sabb.
Jai Hind.
Jai Hoo Modianna
Jai Hoo Siddanna.
keep dreaming everyday!!! utter loss this year.
shobakka, the central intelligence agency is working for bjp rss and vhp.
people will decide who will come to power....
I think shoba had a bad dream last night... Come on Shoba Wake up wake up.. Stop dreaming and get back to some work.
What a Joke, Shobakka should join Comedy Circus.Thank god she did not mention Yeddy as C.M and akka as Deputy C.M.
Shobha learnt Jothishya Shastra?
Dil ke behlane ko Ghalib, ye khayal accha hain.
HA ha ha ha ha ha ha
\DREAM GIRL\""
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