Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.
Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.
As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.
He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.
"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.
However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.
Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.
The 42-year-old Beary artiste-cum-politician, who had earlier served as the vice president of the Dakshina Kannada district unit of the Minority Morcha, will now also be in-charge of the minority unit of the saffron party in twin coastal districts of Dakshina Kannada and Udupi.
Comments
Please watch PK Movie, you will understand what does PK means... Cheddis alwz see Pakistan in their dream, its your fault for not using your mind to recognize the cheddi deception. Till when will you submit to the cheddi's lies and follow & support their evil agenda..
Use your intellect and be honest. We all clearly see their Lies and deception. Never think they will not be accountable...
DONT BE A WATCHMAN OF BJP AND RSS
Mr.Raheem, You have the right to join any political party. But please do not misquote Quran & Hadees for your benefit. i watched many debates in local channels , you were misquoted some ayath & Hadees about Go Hatya & Conversion. Political position is temporary but atleast show little bit ethics in your life. Do not justify Kalladka Bhat Hate speech /Soolibele about madrasa.
People are ready to release their families for their personal benefits. This guy doesnt even know what is Hajj Subsidy. He was claiming in one of his speech that \Muslim are receiving subsidy which was supported during AB Vajipaye govt time\" and muslims should support BJP. My dear, there is provision of subsidy to all religion if they are travelling abroad as pilgrim. Search it. Dont be so cheap to claim against own religion. Shame on you."
Dear brother Rahim uchil,
Congratulations for getting new responsibility. Hope to see some positive results this time from saffron party towards muslims. Take those comments as challenge and do something good for community. Hope to see you in more and more good positions. Wish you all the best.
Rahim, Uchila, you give answer in Mashara OR jahannam.....who bothers ???? your answer proves that you do not have guts to face the people........ Some one compared you to abbas naqvi and shanawaz hussain...... they married to young Hindu women .
If possible, do one more thing, work for the cancellation of Haj Subsidy..... Owaisi is struggling to put this in Modis Bheja, but it is not going.... try your best and tell the Muslims, that Allah do not need the haj from us with the begging from Indian govt.
Congratulations brother.
Masha Allah. Congrats Rahim Uchil. You are doing good job. BJP is far better than Congress and Rahim Uchil is far better than all Congress leaders from the coastal. He is a pious Muslim and a die hard fan of internationally acclaimed scholar Shaikh AP Abubakar Musliyar.
My message to Rahim sir: Dont care wahhabis and salafis. Our prophet has said muslims will be divided into 73 sects and only one will enter jannah. Who knows that sect might be the one which is with BJP!
Good answer brother Rahim Uchil. Dont care about jealousy people. We are all with you. In fact this news portal has more Wahhabi commentors. Just dont care them. Let them keep blaming. As Rohan sir rightly said, you may one day become a minister. Then those who are blaming you now, will be at ur threshold for your permission to bring their zakir naik to mangaluru. hahaha.
Bjp and RSS is behind minorities and daliths, they are doing every efforts to curb these two relegion. Their paid servants are asking our leaders head for lacs of rupees. So any one who go behind these RSS is not our men. He is against our relegion and against us.
I really dont understand why some people are so much narrow minded. he has given some responsibility. Muslims must congratulate him and try to take maximum benefits from his position. Who knows after next election he may also become a minister.
Anyways. All the best Mr Uchil. Go ahead and do good for the society and also for your community.
Just reward for defending communal news paper which published article against Islam and our prophet. He losing religion/people for Duniya's political career.
Mr PK (Comment No.8)
Your name also suggests that u r a pakistani fan. by the way Mr Rahim Uchil is appointed as BJP Minority Morcha vice president. And you are advising him to do the works of Mukri Morcha vice president! thats very funny!
Dear raheem uchil, may allah guide you to understand islam...aameen
Before answering to all the above questions you need to prepare yourself here in this world.
Congrats Rahim Bhai. You are one of a very few nationalist Muslim. We are all proud of you. Hope you will change the fate of ur community and teach them nationalism.
His life style fits into BJP which is built on corrupt foundation. The man never hesitates to do anything crime for personal benefits. This is the quality against the Islamic values.
EFFECT OF DIGITAL INDIAAAA.....
Dear Uchil,
Now that cheddis have given you the certificate for your commitment. from president to vice president.
Atleast save them from falling into the fire.
Tell them : Idol worship is wrong, its also mentioned in vedas (na tasya pratima asti - there is no image of God)
Tell them : There is no god worthy of Worship except ALLAH and Muhammad pbuh is the final messenger of ALLAH.
Tell them : Every deed in this life will be accounted and will be judged for an enternal life of heaven or hell.
Tell them Good deed will take you to heaven
Tell them if anybody did evil... ask forgiveness with God and promise never to commit again. & also ask forgiveness with the person they committed crime.
Tell them :
Dont hoist pakistan flag and blame muslims
Dont create JNU and doctored videos
Dont keep news anchors who decieve public with Lies.
Dont create unrest with false love jehad
Dont create face book page in the name of Muslim identity
Dont catch innocent MUSLIMs and DALITS & torture.
Dont Make bombs, they were already caught many times while doing it.
Dont kill humans for cows. it doesnt look better when we see international news.
Govts are not permanent, tomorrow it may be out of power.. People already know now who is a leader and who is a deciever.. Y dont YOU recognize it?
Another Naqvi or Shanwaz he too will be fit in nothing
Poor Chap what a pity.
I will give answers in mahshara.. In sha Allah
Clearly Cheddis are barking against Muslims and Dalits... and this Cheddi chela blind to see it...
Cheddis are very cunning in deceiving the people including their own cheddi members.
U have already become a weapon for cheddis to fight our own BROTHERS in faith.
They use dalit members to attack innocent which we now know .... whats their fate (Some spending their life in prison and some are on the run to the courts and some even in hideouts)
Only ALLAH knows Whats your intention by joining the haters of Muslims who opening deceive public about the peaceful religion.
Head Master of the school where there is only one master in the entire school.
Congrats Rahim Yachil, Engage Praising R.S.S an BD Goons acts and following kalladka Bhat, you will be prosperous future in National level.
Congratulations Master Rahim, For Saffron Terrorist team Have to Have a good Speaker like you Uchilas keep it up so far you doing great work for Saffron Criminals, you criminals forgotten about Master Chaddi Anwar Manippady, he might have seen this message sure he will do like before how he left our great National party Congiieee!!!!! look like nowadays barking dog never bites.
any way master uchil you lucky man become a member of Yeddianna group.
BJP needs such muslims who are ready to sell themselves for the sake of money and seat though their own people are suffering from this hate mongers of BJP.
I hope this man was there in the sangh parivar processions who attacked Muslims and ransacked their propertities plus places of worship.
Dear Rahim, i could not understand what will be your fate on the Day of Judgement for your injustice to your own people You are supporting the terrorists who are after Muslims. shame on you.
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