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
Hahahaha wat a jock reality Manglore....! How could u say Prathima means image ...who said that Prathima means idol or image ...dont be confused and don't confuse others ..... Firstly u have written it in Sanskrit language it clearly says na tasya Prathima asti ...it simply means there is no one equal to god ...! As a Sanskrit student let me clarify you that even Hindu girls names are like shwetha,Prathima ,Jyothi etc .... Prathima means not image or idol it simply means here no other beautiful girl equal to this girl ....prathima means equality...let me clearly tell you another thing swetha means white ...but we can also name a black girl as swetha .....!it simply represents purity as white ..... ..i know how you guys are ...its all written in our bhavishya purana about every era
Instead of complaining they should check the VEDAS first and follow how vedas says to worship . That is the core scripture of hinduism, people are diverted from decades from the scriptures and mindwashed to follow the cheddis version of hinduism which is against Vedas of worshiping one god without the image or idols.
Police, you are right....May be ----Some miscreants have used a Muslim name to disrupt peace like Bhatkal Meat / Nagabana case......Who ever may have done this mischief, his both hands should be cut .....
CD please don't twist the facts. His name is \Jabbar Kudroli\"."
NA TASYA PRATIMA ASTI... It means telling the TRUTH that there is no image of God and the people should stop worshiping the man made objects instead Search for TRUE GOD , who created U ME and all that exists... Did U ever questioned Y vedas asks not to worship Idols...... Please read and understand what is TRUTH and What will happen if U worship the man made objects...
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