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
Dears even if prophet (pbuh) did not ate beef ,never deneyed it to his rollovers ,what is halal and what is haram is clearly mentioned in Quran, but for a beliver its not compelsory to eat beef to prove his belief it permisable one like mutton and chicken or veg it depends upon the place, whether, biographical condition ,ect, here not only Muslims meeting beef people of,so many other religion also eating but only Hindus worshiping it this is fact ,,one more thing people of different parts of the world eetind beef since human eyes but problem begins only it created a vote bank ,,now real Hindus should prove what is real hinduism which permits to kill human for the name of cow? Still cow know nothing!!
CRAZY man half knowledge , makes him crazy to express wrong words
Dear CD
Don't support by publishing un islamic topic from so called Muslim (Nawzbillah)
Beware of such people,
Our bellowed prophet peace be upon him, said anybody who lies as misquoting against him, shall reserve their place in hell.
We should ask him for authenticated proof, sure he will fail to do so, then people have to decide his fate on the grounds of sharia law.
Better change your name to Tarak Mehta :-)
Hello, who is this Tarek Fatah, Agent of RSS, what he know about Prophet Swallahu Alaihi wa sallim. Where is quoted beef is Haram in Qur'an or Hadith.
What he is talking even not veda, purana, ramayana or in Mahabharatha there is no single word against slaughtering cow. 10000 of cows and other animal slaughter in yaaga, yajna.
Prophet Muhammed peace be upon him Told be aware of MUNAFIQs like you . and also mentioned that the day will come when Ignorant will become leaders ......so you try to become......you are going against ISLAM by claiming something Haram when its allowed in ISLAM
May be one day you will say PIG also allowed....!!!
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