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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Killers definitely belong to the gang of Holy Saffron
Few? mean 30 weeks?or 40 weeks? or 500 weeks? or could be after Gujrat elections
They are arranging for paid "culprits" who will declare themselves as being part of some obscure, never heard of rightwing group...Huge payments would be made for their services....
Why is the minister wasting our time in giving these repeat-statements of no progress ?
Name of the Culprit is Lee Harvey Gowda
Hope they dont say 11 year old did it
Govt failed to give much security ti her. Atleast now govt can do justice by giving capital punishment to the killers
Prepare cell for another cheddi.
If Cong police caught, then it will reflect positively in election.
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