Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.
"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.
The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.
The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.
The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4
Yediyurappa is also expected to spell out populist schemes for the poor.
Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."
he amounts are released once every two months, but the Centre had fallen behind on payments. PX
"There are indications that another payment will be made."
The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.
However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.
Comments
First Dont pressurize in studies. Be friendly with Kids, Learn together with them. Dont look and compare with other kids who is smarter than your kids... Appreciate your kids when he brings something interesting even it is small. If the kid is bringing something bad ... Never scold ... After all he is your kid... bring him near and advice him and explain to him the bad effect of what he is doing ... Give examples of precious people and their end for doing such bad thing..... PARENTS should be Patience all the time with the kids.. Keep Laptop / mobile phones in the hall instead of their ROOM.
What I have observed among our Indian parents is they are very arrogant, too strict and the parents think they are always right. Children have no say in anything. Parents won't listen and don't have patience to what the children have to say and they just brush them off.
Rest in peace.
Shocking. Cant believe.
Parents should ask if they find anything abnormal, like this boy was depressed for past few days.
Condolences.
kids are not open minded to parents. They are not telling everything to their parents. Reason yet to be known, but still if he told to his father, he may need not to go for this extreme step
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