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.
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ramadam went came again again went .He is not seen like you .Pls do not bring religion in all things
hello bhai super pls send u r no. all the best
Rana krishna 10 Cross heghe nagar
hi zaid bro welcome to bollywood industry
May almighty Allah guide all Muslim ummah to the straight path. Ameen.
Holy month of Ramadan, film releasing, so sad!
Br. Zaid, may Allah guide you to be a good and religious muslim. Whatever your physical apperance is, from Allah, it's not of your's. It is like a floating buble on the surface of stream of water. It won't appear for a long, so like we, the human beings. After that, you think of your physical appreance. In this holy month of Ramadan each & every Muslim maximum trying to obey Allah & get pleased by Him. Don't think that the life what we are enjoying is the real life, but our real life really means from the moment of our death. So, fear Allah and refrain from your present decission and put all your efforts to be a good practical muslim and there by teach your dad & whole family about \deen e islam. May Allah bless you forever to make use of your tallents to study, practise & preach the correct deen in its origial shape. By your Brother in Islam. Yaa ayyu alladeena aamanu koo amfusikum va ahleekum naara, this ayath of quran reminds every muslim to safe guard them selves and fellow muslims from the hell fire."
Not necessary all Khans should be a super hit. Look at those Khans like ZAHID Khan, Imran Khan, Ayyub Khan, Kamal Khan and so on and so forth. They are not been seen now.
Good news in Ramadan. The Khan rule is all set to begin in Kannada film industry (sandalwood) like Bollywood. Congratulations to Zaid Khan the future super star of south India. Good that you r starting your film career in Ramadan. that too in last 10 days of Ramadan. wah kya kamal ki batth. masha allah. swarga guarantee...
all khans are ganapathi khans.. severel years back mr zameer ahmed had given ganapati idol to mr kumarswamy as his birth day gift.. that mean this khan also is a devoti of ganapati like bolly wood khan sharuk and salman keep it up
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