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
IFF getting credit by the main person from Ullal struggled a lot behind this issue. nobody remember him. Finally the credit goes to IFF
Mashaallah great job done by iff
Masha allah great job done by. IFF.
ALHAMDULILLAH...
Tremended work done by INDIA FRATERNITY FORUM.
financially support from donors is highly appreciated.
may ALLAH accept all good deeds from all.
One of the noble act by India Fraternity Forum. And we must appreciate the NRI business personalities who responded positively to IFF call. Thank you CDi for the news..!!
From the bottom of my heart I really thank and pray with Almighty Allah to bless each of them whoever helped these fellow brothers to get release from the jail.
May Allah accept all our good deeds- Ameen.
Well done IFF and team! Following up a case for last 7 years is not an easy task. It is victory for team work, determination and patience.
Financial support from donors and victims family is highly appreciated.
May Allah accept the good deed from all.
Masha Allah. Great job
Masha Allah .great job
Al Hamdulillah after so many years of relentless efforts from IFF finally Allah has helped us in getting positive result. Hats off to IFF, we are with you.
Really great work May Allah accept our good deeds
Dear CD
Why did u edited the report. It seems that u dont want to highlight the efforts of Iff brothers in the report
My special thanks to India fraternity forum and business man for this great noble cause. Keep it up.
Great work by India Fraternity Forum (IFF), Jeddah, May Allah reward for your humanitarian Service. We have to appreciate IFF efforts because they are following this case since more than 7 years for this particular case. IFF team achieved this goal by the grace of Allah and well wishers as well as Indian Consulate service.
My special thanks to IFF and business man who supported for this great noble cause. Allah will bless you for this great job. Keep it up.
EIFF good work
http://www.daijiworld.com/news/news_disp.asp?n_id=377876
http://www.daijiworld.com/news/news_disp.asp?n_id=377876
Correct report ..
IFF good work , keep the good work
IFF doing a great work in GCC , ..
Alhamdulilha may Allah reward all the people who worked for it and even the donors who supported well specially Indian Faternity Forum.
Great Work by I.F.F
Great job done IFF jeddah Team..
Keep it up...
Great work by iff because struggling behind the case from 7 year is not so easy. This case finalized by iff without any political support . And one who donated for this will be appreciated and will get reward in sha Allah
Al hamdulillah
Tremended work done by IFF from last 7 years they are following case in filed work documentation every thing great...without IFF efforts it was not possible to release this case..they have done major case like Nelaydi Sulaiman 3 years back got released and Kakkepadau Tahaliah Case they fought with insurance company 5 years back.. finally insurance payed Orphans family SR 1.25 lakh. may almighty allah accept good deeds...special thanks to welwisher team
Good job IFF
Iff is doing great work throughout gulf countries. As I closely watched social work which doing by iff for Indian expatriates is really good and appreciable. In above case Aslo iff have done wonderful job and get great success to release them from jail. Congratulation to iff to get great success. Keep on serve Indian community. Good luck
Great work IFF....
Good work.
Alhamdulillah
Masha Allah Good job IFF
Keep it up IFF. Your effort is really appreciable.
Thanks IFF, Hats off for your efforts, several tried but you guys succeed. some times need extra power than money, hats off again.
Congrats.. Thanks to the authority
Should thank to the authority or the people who tried for the release made that possible
Allah's grace. Those who are believing in Allah, will not get suffered.
Al Hamdulillah
THANKS FOR IFF AND BUSINESS MAN
Congrats. Al Hamdulillah. May almighty reward all the donors including CD boss. the efforts of IFF is also appreciable.
Good news.
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