Bengaluru, Jan 6: Chief minister BS Yediyurappa has plenty on his plate ahead of the 2020-21 state budget to be presented on March 5 what with the economic slowdown and a sizeable shortfall in revenue, but the biggest worry is the uncertainty surrounding Goods and Services Tax (GST) compensation from the Centre.
There is also uncertainty over the state’s share under devolution of funds as per the 14th Finance Commission recommendation.
Finance department officials say that while Rs 3,500 crore is expected as GST compensation for every two months, the devolution of funds would have yielded about Rs 7,000 crore for the current fiscal. But the economic slowdown appears to have hit the Centre’s finances and is likely to impact the state’s share of funds.
“The GST payment for August-September came only in December and we are unsure how much we will get for October-November and December-January,” an official said. Estimates suggest the state’s share under devolution of funds could be reduced by half.
At a meeting of finance department officials last week, Yediyurappa is said to have admitted that unlike those states where non-BJP parties are in power — they have threatened agitations and court cases — the government cannot go “against” Prime Minister Narendra Modi’s regime.
Instead, Yediyurappa has urged senior IAS finance department officials to lobby for funds with their counterparts in New Delhi. On his part, Yediyurappa is said to have already written to Modi and finance minister Nirmala Sitharaman to at least release the state’s share of GST compensation for the current calendar year of 2019. He is planning to personally meet the PM in Delhi to push the state’s case.
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BJP is sure that the awarded people will not return the award on Intolerence issue.
Wow ...may be i will get it too before BJP rule ends
All are Nearer and Dearer one of so called Modi ji.All Modi chamathkar.
Next award for Anumpam Kher is Governor post Just wait and Watch..I wonder Why Subramania Swami name is missing...
Life time achievement award should be given to Modi's Wife for sacrificing her entire life.
ANUPAMKER ANNOUNCED THE AWARD OHHH NOOO
THEY CAN ANNOUNCE MY NAME ALSO... BEC NO REASON TO GIVE HIM AWARD,
FEKUUU EFFECT MODHIJII..... AB KI BAARRR FEKU AWARDSSS...
Ambani for becoming billionair.....Anupam kher for becoming chamcha of BJP....
Sania is well deserved.....she is bringing laurel to our country...still doing it as we speak...in australian open.....
They qualified only through praising Modi and became blind bhakts.
Salman Khan is missing in this list..! Anupam Kher may get Bharat Ratna also in future for his Bhaktgiri and post of acting PM.
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