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.
Comments
India , Pakistan fought any War for political reasons.. soldiers killed from both sides are victims of war... we can not say 'Pakistan killed Indian soldier kaur ' or 'India killed pakistani soldien Khan'... with that sense , what student Gurmehar said is sensible .. RSS educated people like Simha may not understand this ... by equating Dawood with Gurmehar , he indirectly honored dawood's position.
Pratap simha is hebbulli,,,,real simha,,,every student is wid simha,,,not this low life kaur,,,,she has made herself luk stupid,,,,simha roar...
Guys please ignore the comments of \ naren kotian, Singapore\" always negative comments on Muslim on a manner like children of primary school age.....
just do not entertainment.... \"Kesarigi Kallu Haakabedi\""
hahaha 6 comments out of which 5 comments from one particular community , this says all :) hahaha ..now after seeing this message , madrasa IT cell , will change name as rama , krishna , suresha , mangesha , kaamesha ,pumpesha , pottel raja etc and start posting comments .hahaha... azeeza i like it ilike it .burnol beka , ice mele andu itkondu kooru
Which POLICE men - those who take bribe each and every corner.
Don't COMPARE MARTYR's with POLICE MEN.
BJP IT Cell has set up sophisticated telephone exchanges to sell India's military secrets to Pakistan. One of their gang busted recently in Madhya Pradesh. Due to this many of our brave soldiers lost their lives under the present govt. Sanghis have been anti-Indian, anti-secular, anti-women fascist gang right from pre- independence till today. No wonder their opposition to this sister.
it was not the chaay wala who killed innocent Muslims, pregnant women and kids in Gujarat but his supporters
Naren Thoo kitha bhi bonko tera asliyath har bar niklega . jb thoo har bhar bhonkega
BJP member's caught providng information to ISI.....hi hi hi hi hi people won't forget
Modi picked himself is garbage and picked all garbage in his administration....
rightly said ... jihadists are taking democracy as an advantage and commiting henious acts against India . bholo bharath mata ki jai ... jai bjp , jai sangh parivar ,jihadists media are screaming and rallying behind this gal as she is supporting pakistan .
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