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
Unempolyment and farmer death are the issues gifted on us by the central BJP government from demonitisation and GST. Now our PM friends Donald trumps administration also accepted that due to this two isssues Indias growth has been slow for more then a year now.
Unemployment of whom ? Siddaramaiah claims 15 lakhs jobs have been created but has yedduyurappa the guts to ask how many native Kannadigas got the job ?
Regarding cauvery why he did not even open his mouth on SC judgment .
Was there a gag order from Delhi high command. He did not have guts to even welcome the judgment. Probably he knows it was outright injustice to Karnataka but he is helpless and is concerned about his career ! Of course Cong & JD-S also did not have the guts.
Regarding atrocities on women nothing prevents Modi govt. making stringent laws and Karnataka will definitely welcome it. But Modi is too busy with "Man ki bath " , Foreign tours. All he knows is vandemataram & Yoga and of course mudslinging on congress which anyway it rightly deserves.
So native Kannadigas reject the three parties BJP, Cong & Jd-S and
and bring a Kannada party to power or follow the crowd like fools
and dig your own grave. Ignore all the posts of migrants & traitors .
No Unemployment and Farmers suicide in BJP ruled states.
infants,Mothers,Women,Girls, Pregnant women are being Raped, burnt and killed alive. and you are talking about women safety.
Protection of wives is also a key issue.
You said truth but a small correction needed. These are the key issues to highlight only for election..
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