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.
Delivering the Friday sermon before a mammoth gathering at the Eidgah in Rajiv Nagar in Mysuru, Sheikh Saleh bin Muhammad Al Taleb said Muslims should love and meet the needs of other human beings without any discrimination on the basis of religion.
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in Adwait Siddhanta Adi shankarachtya said the same thing 825AD as has been said by Dr. Sheikh Saleh, Mecca Immam at Mysore. God exists in all human hearts therefore one who loves God cannot hate another human. Dr Saleh deserves to be congratulated for his advice to Muslims in India especially one's like Owaisi.
Really ? Is that what the Koran says about Jews ? Aren't they the descendants of apes and pigs as per the koran ?
Can any truthful Muslim explain what is TAQIYAA
what is KITMAN
You will not see any Muslim religious leaders giving hate speech on stage even in dreams. Islam the message of peace.
We heard lot of Statements from the Cheddi gangs giving the opposite to their followers and misguiding them to do acts which people do without even knowing the reality... just following blindly without knowing what is right & wrong.
THIS is called a MUSLIM LEADER .... the more people hate ISLAM, We should inform the message of TRUE GOD, ALLAH who created all that exists ... May ALLAH guide our Leaders and the people who follow them sincerely and stop hating the people of all religion.
May Allah guide those hindus who are honest in searching for the TRUE GOD. IF ALLAH guides thats the best blessings one can ever have in this LIFE which ALLAH gave us.
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