Mar 5: The Karnataka government on Thursday proposed to increase rate of tax on petrol and diesel by three per cent which would make the fuel dearer by Rs 1.60 and Rs 1.59 per litre, respectively.
Presenting the 2020-21 budget in the Legislative Assembly, Chief Minister B S Yediyurappa proposed to increase rate of tax on petrol from 32 per cent to 35 per cent and diesel from 21 per cent to 24 per cent, as part of additional resource mobilisation measures.
Yediyurappa, who also holds the finance portfolio, increased excise duty on Indian Made Liquor (KML) across 18 slabs by six per cent.
However, to promote affordable housing, the government proposed to reduce stamp duty on first time registration of new apartments/flats costing less than Rs 20 lakh from existing five per cent to two per cent.
This is the first budget of the BJP government after coming to power last year; it's the seventh presented by Yediyurappa.
"For the year 2020-21, a total amount of Rs 55,732 crore is provided for stimulating economic growth sector", the Chief Minister said.
He said the revenue collection target for the Commercial Taxes department for the year 2020-21 is fixed at Rs 82,443 crore.
Stating the government had fixed a revenue target of Rs 20,950 crore for the excise department for the year 2019- 20, he said at the end of February Rs 19,701 crore had been collected.
"We hope to achieve the budget target."
He also hoped with the increase in rates and effective enforcement and regulatory measures, the Excise department would be achieving the target of Rs 22,700 crore fixed for the financial year 2020-21.
On the transport sector, Yediyurappa said it is proposed to levy motor vehicle tax on contract carriages having seating capacity to carry more than 12 passengers, but not more than 20 passengers at the rate of Rs 900 per seat per quarter.
He said it is also proposed to levy vehicle tax on new model sleeper coaches which are granted permits under section 88 (9) of MV Act 1988 at the rate of Rs 4,000 per sleeper per quarter.
Noting that a target of Rs 7,100 crore revenue collection is expected to be achieved in 2019-20 in transport sector, he said for 2020-21 revenue collection target has been fixed at Rs 7,115 crore.
He said the revenue collection target for 2019-20 under stamps and registration was fixed at Rs 11,828 crore and against this Rs 10,248 crore has been collected till the end of February 2020 which is 87 per cent of full year target.
While the revenue collection target for 2020-21 under stamps and registration is fixed at Rs 12,655 crore.
Comments
This is the Result of Fear for Police & Sangh, So for we got good publicity for the Program, All the best for the program, Good luck for all the cadets.....
probably some political outfit of Ullal assembly constituency feared of PFI progress may have misused power to deny permission.
Rss and police affraid of PFI jai ho. Zindabad zindabad popular front zindabad.
Freedom from Hunger Fredom Fear...............
No Matter how you try UNITY MARCH will succeed by people's support and participation
DK Dist police is working for RSS only providing full security for their march. Police with not object while RSS terrorists are marching with najked sword and lathis in therir hands whereas PFI cannot take out peace march. Why Karnataka Govt is so soft on sangh parivar. Hate mongers from this organisation can give any speech whereas other cannot make any speech.
Now Saffron forces do what ever they can...............but how much you try to oppress Popular Front will emerge more powerfull
this is not Shimoga or Mysore that you can Play
When ever POPULAR FRONT wanted to go for UNITY March 60% and so called secular parties comes Hand in Hand to try to avoid.................but all fails........
''ILLEGAL'' its impossible from Organization like Popular Front of India ....as all these Years we have seen Polpular Front of India a Well Disciplined and visionary approach towards building positive youths ..................
60% in police are in full force....................UNITY March created fear in Kalladka's Heart
Disgusting, Purely Double role Police Dept.
Denied permission to PFI Unity March means they destroyed Indian Constitution Law.
WHEN INJUSTICE BECOMES LAW RESISTANCE BECOMES DUTY
PFI GO AHEAD WITH MARCH
Paradox of the budhivanthara jille: No permission for unity march. Police protection for Sangh Parivar'? division march. RIP DK district administration.
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