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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EVEN BJP AND RSS PEOPLE EAT BEEF SECRETLY. I can name them
BJP and sangh parivar will not digest this truth and will protest. Hegde/Yoodiyoorappa may call for karnataka bandh.
Dear Swamiji, Thank you for your statement. But we knew it while going through Hindu scriptures. And as Abu Muhammad said, you are talking about the good person RAAM. But BJP is talking about vote bank RAM or could be about Computer RAM (Random Access Memory)
Seer. Dont say cultural imperialism. Instead of that use simple words. Such kind of terms brainless RSS people cant understand
I know one thing. Seer told one fact that is RSS and BJP trying to impose cultural imperialismin India
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Seerji, you are taking about Mahatma Gandhiji's MARYADA PURUSH RAM, but Sangh Parivar's political ARM of RAM is different, vote bank RAM, what is in the scsriptures is immaterial what Sangh says is eternal truth!!
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