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
Please read my comments as "if bjp is elected" instead of "if bjp is collected". Sorry for type error
This hate monger is master degree holder in chamchagiri + fekugir. His statement to fulfil below things only if bjp is collected :
mesta case to be handed over to cbi
Real killers of Mesta will be arrested
All farmers will be given interest free loan
christians will get free ticket to travel jeruslem
Students will get free education
crores of job will be created
every village will be clean and free from having nature call in open air
there will be no riot
black money will be return and every indian citizen will get Rs. 15 lakhs
Mallya / Modi and every robber will be brought back to india
India will attack pakistan and destroy millitants
India will attack china and take back the land occupied by chinese troops
All bangadeshis will be sent back to bangladesh
Cow will be awarded as national animal
Ram mandir issue will be solved
Mahadevi issue will be solved
Kaveri water issue will be solved
Karnataka Goa issue will be solved
Kashmir issue will be solved
panditsw will return to Kashmir
His utterances are against the spirit of Federalism and Democratic principles. Being an MP & President of ruling party his words should match with his position. But alas! it sounds like whistle blowing of a local gang leader.
Want black money back--- Elect BJP
Want employment - Elect BJP
Want Ram mandir - Elect BJP
Want beef ban - Elect BJP
Want communal riots- Elect BJP
Finally if need all the above JUMLA's ....... Elect Only BJP
Nobody can beat Amit shah, except FEKU
BJP leaders will compete each other during election time for showing their efficiency in delivering more powerful believable lies
Mr. Shah.. You are such a shameless creature.. First you put to practical your previous election promises
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