Mar 5: The Karnataka government on Thursday proposed to increase rate of tax on petrol and diesel by three per cent which would make the fuel dearer by Rs 1.60 and Rs 1.59 per litre, respectively.
Presenting the 2020-21 budget in the Legislative Assembly, Chief Minister B S Yediyurappa proposed to increase rate of tax on petrol from 32 per cent to 35 per cent and diesel from 21 per cent to 24 per cent, as part of additional resource mobilisation measures.
Yediyurappa, who also holds the finance portfolio, increased excise duty on Indian Made Liquor (KML) across 18 slabs by six per cent.
However, to promote affordable housing, the government proposed to reduce stamp duty on first time registration of new apartments/flats costing less than Rs 20 lakh from existing five per cent to two per cent.
This is the first budget of the BJP government after coming to power last year; it's the seventh presented by Yediyurappa.
"For the year 2020-21, a total amount of Rs 55,732 crore is provided for stimulating economic growth sector", the Chief Minister said.
He said the revenue collection target for the Commercial Taxes department for the year 2020-21 is fixed at Rs 82,443 crore.
Stating the government had fixed a revenue target of Rs 20,950 crore for the excise department for the year 2019- 20, he said at the end of February Rs 19,701 crore had been collected.
"We hope to achieve the budget target."
He also hoped with the increase in rates and effective enforcement and regulatory measures, the Excise department would be achieving the target of Rs 22,700 crore fixed for the financial year 2020-21.
On the transport sector, Yediyurappa said it is proposed to levy motor vehicle tax on contract carriages having seating capacity to carry more than 12 passengers, but not more than 20 passengers at the rate of Rs 900 per seat per quarter.
He said it is also proposed to levy vehicle tax on new model sleeper coaches which are granted permits under section 88 (9) of MV Act 1988 at the rate of Rs 4,000 per sleeper per quarter.
Noting that a target of Rs 7,100 crore revenue collection is expected to be achieved in 2019-20 in transport sector, he said for 2020-21 revenue collection target has been fixed at Rs 7,115 crore.
He said the revenue collection target for 2019-20 under stamps and registration was fixed at Rs 11,828 crore and against this Rs 10,248 crore has been collected till the end of February 2020 which is 87 per cent of full year target.
While the revenue collection target for 2020-21 under stamps and registration is fixed at Rs 12,655 crore.
Comments
As he is journalist, he might have some sense.
We Muslims have the guidance from our prophet (Peace be upon him) in all aspects of our life.
Kuffar of Makkah, Taif have hurted him, troubled, though suffering lots of troubles he has set example of not retaliating them. He has slowly convinced what is true message, what is truth in it.
As he is journalist, it is not difficult to convince him the message of Islam. Usually most of the journalists are brave and they remain strong with truth. He is also from Kodagu. Try to meet him and debate with him on Islam. If Allah bestows him Hidayat, he might understand true message of Islam and accept it. We have example of Omer Bin Khattab - may Allah pleased with him.
"Madiddunno maaraaya" gaade maathu tilidirabeku
still 80% majority dogs in forest think that 17% lion will kill them one day..he is scared now!!!LOL
dont hurt any religion, all are good but people who become manager of god are very vrey bad.
if you want to do money, do in good way not by spilling venom about other religion. even if road cleaning also, that you will earn respect in front of GOD.
Assure God faith peace loving people will never do such threats. This is pre-plan and this fellow was tapped in the net. Now facing life threat by his in house people. This is their HQ conspiracy to destabilize the las and order and innocent publics normal life. After their god fther recent city visit their groups noted leaders are now in full pledge with their criminal mind set. All peace loving Kannadiga including Mr.Thammaiah and his family has to be carefull.
Such criminl incidents will appear more and more till 2019 election.
If you are a true follower, Nobody can hurt religious sentiments. Unwanted issue. He should be released. and he need protection also
He should be punished properly. He hurt religious sentiments and some media supported to that. They hid real facts.
Fake. Media worked for him. Now he cooked up new story
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