Bengaluru, Jan 6: Chief minister BS Yediyurappa has plenty on his plate ahead of the 2020-21 state budget to be presented on March 5 what with the economic slowdown and a sizeable shortfall in revenue, but the biggest worry is the uncertainty surrounding Goods and Services Tax (GST) compensation from the Centre.
There is also uncertainty over the state’s share under devolution of funds as per the 14th Finance Commission recommendation.
Finance department officials say that while Rs 3,500 crore is expected as GST compensation for every two months, the devolution of funds would have yielded about Rs 7,000 crore for the current fiscal. But the economic slowdown appears to have hit the Centre’s finances and is likely to impact the state’s share of funds.
“The GST payment for August-September came only in December and we are unsure how much we will get for October-November and December-January,” an official said. Estimates suggest the state’s share under devolution of funds could be reduced by half.
At a meeting of finance department officials last week, Yediyurappa is said to have admitted that unlike those states where non-BJP parties are in power — they have threatened agitations and court cases — the government cannot go “against” Prime Minister Narendra Modi’s regime.
Instead, Yediyurappa has urged senior IAS finance department officials to lobby for funds with their counterparts in New Delhi. On his part, Yediyurappa is said to have already written to Modi and finance minister Nirmala Sitharaman to at least release the state’s share of GST compensation for the current calendar year of 2019. He is planning to personally meet the PM in Delhi to push the state’s case.
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True mr. hari. well said.
Hari says,
HDK working as bank lobby. By allow to write exams in local languages, attracts more people. For one bank exam, bank people charging minimum 500 to 600 as fee. Vacancy will be around 1 to 50. But the aspirant will be more than thousands. Bank people getting huge amount of revenew only by one bank exam... Bank people looting us and HDK working as bank lobby
HDK working as bank lobby. By allow to write exams in local languages, attracts more people. For one bank exam, bank people charging minimum 500 to 600 as fee. Vacancy will be around 1 to 50. But the aspirant will be more than thousands. Bank people getting huge amount of revenew only by one bank exam... Bank people looting us and HDK working as bank lobby
HDK wants to make young people less competative. In KN many foreign students studying. Our people should compete with them. But this will make people lazy
Aspirants minimum eligibility for most of the posts is degree or master degree. So they are capable of writing in English
Kumaraswamy wanted to make people fools.
For understanding questions, can give questions in own language but should not allow to write in local languages.
Rubbish. By giving allowing to write in own language makes people more lazy and less competative..
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