Exempt handmade products from GST, urges CM's letter to Jaitley

DHNS
October 19, 2017

Bengaluru, Oct 19: Chief Minister Siddaramaiah on Thursday wrote to Finance Minister Arun Jaitley, urging him to exempt handmade products from the Goods and Services Tax (GST) regime.

Siddaramaiah’s letter to Jaitley comes even as veteran theatreperson Prasanna’s hunger strike against taxation of handmade products entered its sixth day in Bengaluru.

“Handmade products of various kinds are produced by millions of artisans and poor rural households in India. Imposition of GST on such products has had an adverse effect on the livelihood of artisans,” Siddaramaiah wrote, calling it “a very critical issue that the GST Council should take note of and decide on a priority basis.” Agriculture Minister Krishna Byre Gowda is Karnataka’s representative in the federal GST Council.

“I have received a representation from a committee constituted by the Gram Seva Sangh and consisting of noted activists, including Ashis Nandy, Uzramma and Shyam Benegal, seeking exemption of various handmade products produced and marketed by producer cooperative societies and their federations from GST,” the chief minister wrote.

This representation requires serious and urgent consideration and a positive resolution, Siddaramaiah urged Jaitley in the letter.

“This would not only benefit a large segment of our rural population, but also give a boost to rural employment and sustainability,” he said.

Comments

Bhavana
 - 
Thursday, 19 Oct 2017

FEKU KNOW COPY CATTING GANDHI AND GIVING POSE WITH DESIGNER CLOTHES AND MAKE UP.. CORRUPT LAWYER, WHO WAS REJECTED BY PPL IN LEECTION ARUN JAITLEY KNOW NOTHING BUT LOOTING COUNTRY WITH TAXES.

NOT JUST REMOVE GST FOR THEM BUT ALSO STOP IMPORTING SILK, COTTON FROM CHINA AND OTHER COUNTRY.

Unknown
 - 
Thursday, 19 Oct 2017

if you chaddi illiterate don't know, karnataka is only only state implemented e-way online GST

Sandesh
 - 
Thursday, 19 Oct 2017

Flaw, Siddha -- either you failed to understand that GST means "Gouge-&-Shaft-Tax" AND/OR you only gave this advice due to "the other" party being "properly" in-power in Delhi!

Rahul
 - 
Thursday, 19 Oct 2017

Sandy....you need to ask central ministry...SIDDANAJI is doing excellent JOB for NAMMA KARNATAKA STATE.... wait and see 2018 on wards NAMMA BENGALURU & NAMMA KARNATAKA WILL SHINE AND BE ON TOP... LISTED CITY IN INDIA AS WELL WORLD...

Sandy
 - 
Thursday, 19 Oct 2017

For now keep it pending, but when are you going to reduce Petrol/Diesel price Siddanna? You were crying earlier but no word on it now. Come on, so many states have already done it.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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coastaldigest.com news network
January 21,2020

Mangaluru, Jan 21: The city police arrested the auto driver of the auto-rickshaw allegedly used by the suspect to place the Improvised Explosive Device (IED) at Mangaluru International Airport.

The identity of the auto driver is yet to be ascertained.

The police are currently interrogating the auto driver to obtain details about the suspect, according to reports.

The IED recovered from a bag at the airport was defused in an open field by the personnel of the bomb disposal squad yesterday.

The visuals of the suspect have also been shared by the police for his identification. 

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News Network
January 8,2020

Udupi, Jan 8: Senior journalist Raviraj Valalambe passed away due to suspected cardiac arrest on Tuesday night at his residence in Kinnimulki, here. He was 50.

Raviraj was rushed to a hospital after he complained of chest pain. He breathed his last on way to medical facility.

He was the director of Prime TV, a local Kannada news channel.

He had worked as a reporter for ETV and Suvarna News channel earlier.

He is survived by wife and two daughters.

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