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.
The organisation's director Jasim Mohammad is credited with writing the Prime Minister's first Urdu biography, Narendrabhai Modi — Farsh Se Arsh Tak (Narendrabhai Modi – From the ground to the sky).
Comments
Scolarship
Mr. Jasim shame on you. You are not a muslim. Only name. You fool joining hand with corrupt and anti Islam people. You also go to hell.
His face and his body language shows he is corrupt and greedy we muslims don't want a person who killed our brothers sisters shadow also to fall on our future generation .shame on you
Ten scholarships of 5,000 each, that means 50,000 per year.... For such peanuts, you need the help of a PM... Shame on you..... Just visit the coastal districts, how the rich people are helping the poor with scholarship.....You and Modi will be ashamed of this......
Another boot licking creature...
This name sake muslim Jasim is another Shahnawaz khan who is a chela and chaddi of Feku and bjp. these people have sold their belief for the sake of power and money. shame on you Jasim for being so cheap for power + money. did you forget that Allah is the one who blesses us with power + wealth. Have you lost faith in Allah and are so faithful and trustful to these anti humanity. BJP is 100 percent against Muslims and Islam and this is fact. Are you also a part of them. If this is the case you should change your name to Jasim Rama Modi or Jasim Laxman Shah. Shame on people like you have joined hands with the enemies of Muslims. In sha Allah you will be taught a good lesson by the Creator and you will find no place to hide.
Political Gimmick & Self benefits. A.Chaddi game.
Mr. Jasim,
Please make public that how much money you received from these thieves.
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