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
Your agenda in all election is " We will build Ram Mandir" if we elected to assembly. Now Central is with BJP hand, UP is with BJP hand then what is the issue? Why again and again saying we will build Ram Mandir - Ram Mandir every now and then. Road is free and why dont you take steps to build the temple and finish the issue?
Dear Non Muslim brothers and sisters, believe it or not - These so called politicians will never build Ram Mandir or whatsoever. This is the main Muddah for their election campain. Actually we the voters are fool and fighting each other (Hindu & Muslim), killing , looting innocents etc etc. - Finally who will benefit? These politicians and who is the looser - WE
Dear All - Please think about the development of our state, country and cast your valuable vote to the right candidate who may contribute to the development of our state/country. In this era Mandir-Masjid is not the issue - Issue is development, education, job, food etc etc.
The problem is BALATKARI JANWAR PATRY (BJP), Modi and Amit shah style of running the government on Hitler style has already filled the gandu rashtra people with poison in their brains to send Muslims out of India. This is the real problem. Gandus want their gandu rashtra at any cost now. Arab Muslims ruled India for 900 years and enriched the country with coffee, silk etc. Then British came and looted the country. Then these BJP and RSS are gifted with the divide and rule formula from British. They are now just following the same old formula to eat up whatever is left in the country. All this making hindu rashtra etc is a drama.
Comparing to Japan and other countries India is quite behind, because their aim is development, whereas our aim is Mandir/Masjid and religion. If India continues the same theory, India will never develop. These politicians are taking India on wrong direction.
Tippu is dead , shivaji also is dead. Why not worry about poor people like us who are still alive? We have enough masjid to pray , Allah will accept our prayers from any masjid, plz dont worry about that. Kindly finish the ram mandir as soon as possible. After all this done, kindly focus on jobs, roads, farmers, water, food, social services etc. i hope this is very simple english so u and your like minded friends can understand.
Thanks
kachda chaddi,,
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