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
ANDHA KANOON
We are GHULAM to westerners, We ban consumption of BEEF in India, but, we want to EXPORT millions of tons of BEEF for foreigners. We ban consumption of BEEF in India because consumption of Muslims, But, we want to give special license to serve BEEF to foreigners.
Congress fought against the westerner's Ghulamgiri, Now, BJP want to become GHULAMS again.
The holy god cow sleep and wander in Road side and Bhaktas and rich people stay in highfi AC Room . What a utter stupidity.
BEEF BAN ONLY BECAUSE MUSLIMS CONSUME IT MORE.. NOT COZ OF ITS THEIR GOW MAAATA......
FOREIGNERS CAN KILL GOW MAATA.......
WHAAT WHAAAT A MAAATA IT IS......... OMG
hindu brothers realise the bjp politics.... they just want to be in big chairs .. no sentiments on hindu gods or goddesses......
can foreigners eat their mother. (cow)
my dear vhp partiots, you see cow god will be eating by foreigners,
you wake up otherwise all cows will be finished from india
Couple of questions coming in mind....
1. Who is going to slaughter cow?
2. What you will do with not sold out cow meat?
In future foreigners can eat God mother in Hariyana....oh what is this double standard....God mother must be angry now....BJP is responsible for it...next election I doubt they get any seat.....God mother's curse will prevail...on Modi sarkar...
Wha wha wta a drama by bjp ap bik baaarrr modiji ki cow biryani..
were is now bd & &vhp rss this is we call intolerence how they give the special licince to cook a holly cow biryani ......
one who india not allowed to eat cow and killed fr that reason
One who coming from out of the country they wil eat//
Kaate g tho khayega na............License ke saath marega kya........apne maa ko
This is the beginning of admitting their fault.
Beef lovers, just join the foreigners as their guest Or their host.
Beef consumption will now increase than before.
They are afraid of foreign income.
BJP did stupidity, mess and cleaning it themselves.
It means their love towards their Go Matha is just a politics, in front of money, no value for the mother.
Hum kare tho balathkaar....Aur aap kare tho chamathkaar
this is incredible law from bjp,,hahahahahahaha
Hindutuva members please recognize your leaders choice. They are already fooling YOU people to attack the innocent and they themselves involve in selling your MAA COW ...
Its Politics to FOOL people who attack innocents without VERIFYing the authenticity of any isssues.. Please WAKE UP. Dont become fools again & again.
BJP's Beef Bhagya... Biryani is yummy :p
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