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
Always when government wants to cover up some scam or issue which will affect its credibility they will divert the attention of the public to some other non-issue. They have the media in their hands and can use it to their advantage.
There was a issue of Rs 45,000 crore which came up just when Zakir Naik issue was highlighted. Most of the people did not read about this big scam.
RSS terrified by the huge number of non-muslims reverting to Islam due to Zakir Naik's propogation. Ravi Shanker also trying to take vengence on Naik when he was clean bowled at a public debate by honourable Naik. Now they are using every means to finish him since their govt is at the helm. Nevertheless truth always prevails regardless of the intensity of falsification.
Aranab earlier called JNU students and Kanayya anti nationals and some of them terrorists. The majority of Indians (excluding RSS) spit on his face . Now he is barking against Dr. Naik. He thinks that he is a reputed journalist. He is a barking street dog.
Thanks to Mr.Go swami for Advertising Honerable Dr.Zakir Naik
We love you ....GO Swami.
The biggest terrorist is \Arnab Gosami\""
The good here is more people came to know about zakir Naik and will hear his speeches and more to accept Islam....like it happened in US and Europe after 9/11...... inshallh
Was waiting for Deoband's reaction, I Have heard Dr. Zakir Naik Speeches and the way Zakir Naik preaches Islam is questionable BUT, never has he promoted Terriosm or Suicide Bombing, false allegation from the Media, This is Indeed DEEP \CONSPIRACY\". Salafism & Wahabism way of Islamic teaching should be stopped or else this will have greater Impact on the Islamic World.
Thank you Darul-ul-Uloom for your Support."
Add new comment