Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.
"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.
The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.
The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.
The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4
Yediyurappa is also expected to spell out populist schemes for the poor.
Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."
he amounts are released once every two months, but the Centre had fallen behind on payments. PX
"There are indications that another payment will be made."
The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.
However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.
Comments
Dear media
why you doesn't mention hindu terrorists because he is not a Muslim name r8
BJP is lost in its arrogance
What you cultivate that you harvest. BJP may lose all assembly elections in future including LS. Let them be an arrogant tusker for few more days
Where is NIA?
Naren, when are u coming back to India, to place the meat bag in the Nagabana and to start a riot..... we are missing Mutalik, so you should fill his vacancy.....
Viren ...if it's a bajrangi victim....if minority then terrorist.....please clean your brain with water....not go moorhra....you may change your mindset
Haha there is no shortage for babu bajrangrees in India who are ultra nationalists ....today we might have tears ...but table will turn towards Islamic millitants for sure ...
This is what happens, they do but minorities are labelled as traitors
NAREN LOST HIS TWO BROTHERS....! STILL WE FEEL PITY...
Natasha....well said... God bless you .... May Almighty show us the way of humanity....... In your list of allegations, just add one more point.....Place the meat bag in Naga Bana and blame the Minorities.....this is what happened in Bhatkal recently....
VIREN..........Yes He is victim of Terrorism because he is scape goat in RSS terror Game ....same like Praveen /Prashanth poojary
@Viren, exactly you are right.. and also the cow killed Prashanth Poojary.. simply media blaming Banjrang Daakus and VH Saddists as murderers. Dont be blind in religion that you cannot make what is right from wrong
Wa Makaru wa Makara Allah wa’Allahu Khairul Makereen’ (Quran: Surah Aali Imran 3:54) 'They planned and Allah planned and Allah is the best of planners’.
our country is marching towards VINASH because of these Hindutva Aatankies (BJP, RSS, VHP, Shiv Sena, Ram Sena, Gay Rakshak etc.) They are treating all non Hindus as their slaves (Dalits, Chiristens & Muslims) & the governing BJP & MP Mr. Mozi are giving them full support. Gujarat under Mr.Mozi in past was same against Muslim.They are playing dirty politics.
Suno na Cheddi marmar...
ki yeh dhamake
Kuch bhi nahi hai...
aage tumhaare
Aaj se chappal pe mere...
raaj tumhaara....
Cheddi tumhara
What a great news. After Udupi incident, this news will surely cause at least a mild heart attack for the party of thugs.
Thank you God for averting a terror attack and punishing terrorist
Ethics of journalism is murdered here. Deekshit is a victim. not terrorist. Kannur is a place where PFI had organised terror camp years ago. Central government must intervene and expose the reality.
You traffic cows
You make bombs
You hoist Pak flag in India
You raise anti national slogans
You kill innocents
Then why the f*** you put the blame on Muslims???
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