Bengaluru, Feb 5: Despite installing a BJP government in Karnataka through disguised operation Kamala, the Prime Minister Narendra Modi-led union government has continued its step motherly attitude towards this south Indian state.
Under the new formula adopted to share central taxes among states Karnataka will be the worst-affected. Though the 15th Finance Commission has recommended a special grant of Rs 5,495 crore for the state for 2020-21, the Centre appears reluctant to pay up and instead has asked for the proposal to be reviewed.
During the Union budget, the report of the 14th Finance Commission headed by NK Singh for 2020-21 was tabled in Lok Sabha. It shows besides Karnataka, Telangana, Mizoram and Kerala saw their central tax share decrease, while Uttar Pradesh, Bihar and Maharashtra were top gainers.
Karnataka's share has decreased from 4.7% provided by the previous finance commission, to 3.6%. Acknowledging there is a steep decline in Karnataka's share from 2019-20, the finance commission has recommended a special grant of Rs 5,495 crore for the state.
Its share in 2019-20 was Rs 36,675 crore, but under the new formula, Karnataka will get only Rs 31,180 crore in 2020-21 from the divisible pool of Rs 8.5 lakh crore - a decline of 22.5%.
Also, the decrease for Karnataka comes on the back of a shortfall in 2019-20. While the state was entitled to Rs 39,806 crore from the divisible pool, it got only Rs 36,675 crore as the Centre suffered a tax revenue shortfall of Rs 1.5 lakh crore.
What is more disheartening though is the Centre's refusal to pay the special grant. Instead, the Union finance ministry has asked the finance commission to reconsider the recommendation. This has prompted the state to take up the issue with the Centre.
"The decline in central taxes devolution comes at a time when the state is going through a tough financial situation. Steps are being taken to ensure Karnataka gets justice," said chief secretary TM Vijay Bhaskar.
Officials said besides corrective measures for 2020-21, the focus will be on ensuring a fair share in subsequent years. However, Karnataka has little chance of getting its dues as the Centre is known to be prudent when distributing tax proceeds among states.
"The Centre has certain views on devolution. We have done our duty by submitting the interim report. It's up to the states to convince the Centre," said Ravi Kota, joint secretary of 15th Finance Commission.
Under the new formula, the commission changed the weightage for some of the six criteria it considers - population, area, forest cover, income distance, demographic performance and tax effort.
Mangaluru, Mar 3: A woman, who was said to have tested positive for A (H1N1) virus, popularly known as swine flu, died at a private hospital in the city.
Comments
Shady stock brokers will try to sell speculative stocks to
clients who hve expressed preference inn investing in low-risk, steady
growth stockos that have less risk of sustaining capital loss.
The creation died a sudden death, its principles by no means realized, and through all
those time individuals reproduced docments manually using
longhand. You can save resources when you only have to
log in to tthe internet to buy your needs.
Heere is mmy webpage su kacagi tespit cihazi: https://www.youtube.com/watch?v=ToednXFnemk
Yet another substantial result associated with the ressearch
indicated that the label applied too the product packaging or caftridges marke
as 'Comprising No Nicotine' in reality has nicotine.
Technological advancements today have led tto the creation of the new electtronic cigarette, a device tht aims to
hewlp evven the most seemingly hopeless smoker too
quit. It is ridiculous that I have never been to law school and do noot make it
a habit of studying thhe law, yet I had to tell them what their own law was.
my web page; elektronik sigara tütünü: http://gzomh42-1011523553.pen.io/
Yet another substantial result associated with the research indicated that
the labe applied tto the product packaging orr cartridgess marked as 'Comprising No Nicotine' in reality has nicotine.
Secondly, when dscussing health aand safety, you have to take
into account the health and safety of people who smoke
traditional tobacco cigarettes. After advertising on Craigslist,
he soon had a huge customer bse in Cerritos and the surrounding areas.
Visit my web-site elektronik sigara gen: http://re.vu/summeroffice98
Researchers hasv? createed a t?chnique ff?r
activating organic signaps through tthe skin of a living animal ut?lizing light.
My blog - Tianeptine Sodium: https://noots4less.com/product/tianeptine-sodium/
Don't make assumptions based on names that imply savings such as Budget, Dollar and Thrifty.
This not only requires creative thinking, but the intestinal fortitude to pursue new ideas and deal with
periodic setbacks. That is why our incentive program are made to be an unique one where you will experience something new something unique every time.
My web page ... antalya
araç Kiralama Havalimani: http://www.cognoschina.net/home/link.php?url=http://www.xa999.com/hi/li…
????????????? ?? ?????.
?????? ???????????? ???????.
??? ????????, ??? ????????? ? ???? ???? ????? ??????
????????? ???????.
My blog :: ?????? ??????: http://ludovodka.ru
Add new comment