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
He has made our Mangalore proud. Congratulations Dear.There are lots of youths are their like Gururaja. Unfortunately without proper education , finance and proper guidance they could not achieve anything.
Most of them are under the fold of Sangha Pariwar, where their rich leaders sends there own children abroad for education and they use these boys for goondasm in Mangalore.
nice lift, hardwork came to like a fruit.
really great, working for indian airforce only a big achievement,. clubbing to that he took gold medal in weight lifting, proud to be mangalorean.
parents really lucky to have this kid, god bless u all
awesome lift, deserve the golden medal,
Congratulation Mr. Gururaj... Good Luck ...
Not only a Tuck driver, even a lowest in the man made caste system cam also participate and they are also a human being.
He is in the open society. He can dream and accomplish it.
The constitution is secular, but the people of some sects are making polarization.
The God has not made such division.
Parents must be proud of him, did a very good achievement.
excellent, well done all the best keep up the winning movement.
Congrats Gururaj,U have made the country proud.All the best for Olympics.
Rich Muslim Fathers Son(Father in Gulf,Father big business in Mlore) from Mangalore roams in City Center/Forum...hahaha...Wa avasthe marre.Care ijji.
Marali schoolige alla...dakshina kannadada makkalige bekirudu Shale/Colleginalli sari daarige/100% markige.
Just go and see Aloysius/Milagris muslim students mark....hahaha...lagadi pother matha....ONLY JOLLY.
live example for poor family kids, if someone want to get success they dont need anybody, hardwork make them success.
we are proud of you, a national salute to the brave boy.
well done boy, keep it up and congratulation.
Add new comment