Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.
"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.
The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.
The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.
The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4
Yediyurappa is also expected to spell out populist schemes for the poor.
Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."
he amounts are released once every two months, but the Centre had fallen behind on payments. PX
"There are indications that another payment will be made."
The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.
However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.
Comments
Goodman i agree with you,
couple of years ago there was a protest in bangalore opposing the casting of veena malik in dirty picture kannada version. The reasin of protest was not to cast a pakistani actress and replace with india actress but the movie name is dirty picture hahahahah, cant stop laughing
I will go with Kumar and Boom. You people are correct. It is not a public game. We should support for such unbehaviour activity.
The so called BD VHP Etc etc are intolerant except for Sunny Leone
If they call themselves as nationalist, savior of Indian cultural let them demand ban of Sunny Leone films in India and will support them
We are with you. But do it properly
This is definitely a double standard of whoever opposing here.
Because,
First go and stop all type of romantic scenery in your own Kannada film.
Also stop films from any language in Karnataka.
You allow everyone to go to film theatres and watch is happily, with your family, daughters, sons.
For you this is OK to enjoy on the big scree meanwhile when they do it really, you oppose them.
We shall appreciate you if you dare to stop all romantic scene in any film. If you start doing it, we the Muslims will support you and ready to join you.
You need brain to think it and strong heart to dare it.
Well Being a Muslim we never entertain such things.And no Muslim men or Women will go for such things nor we support them.That means we will not Manhandle any one for supporting them.
Let police handle the case.We dont have any rights to pin point others because there are many things which are there to correct within our self.Let us correct them first then will see others.
They will support \PREM CHUMBAN\" but, never \"Kiss of Love\""
LOBY, Just imagine...
If Your own daughters kissing each other in public... Will U like it?
Never ... So dont support such activities which even ANIMALS dont do it openly...
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