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
..you admin, no need to edit my post, if you dont like then delet it, dont act like maron
if you again play with my comment, i will completely hack your website & make an hyperline to porn site.
Expecting police dept immediate action and real person and his supporters /sponsors details. Fact ,
this is not any individuals comment Seems like planned sedition. A peace loving ;A Gods Faith percon never come up with such worst comments.
we all know who is ananth kumar
no need to celebrate here, death is death who ever it may be, he is human being who was created by GOD.
Wat dodanna said is correct, but i want to add some points too. There are many chaddi groups which are continuously spreading hatred against one or two religions! I request Mangalore administration to look into all such groups (both side) and ban those groups!! In short i want to see Facebook itself getting banned in Mangalore!! We can leave in peace if this thing gets banned!
No muslim will give bad comment on any dead person. I am sure that bad comments by Mangalore Muslims facebook admin is created by anti nationals to defame Muslims. I am also sure that this face book account is established by same group who are behind creating Indian mujahideen, love jihad etc which are totally false and do not exist in reality. These are only imaginery organisation created by anti Muslims and anti Indians. Police should catch the real admin of Mangalore Muslims facebook account and do not arrest innocents just to fill the blank. Strict action should be taken against the culprits. In the meantime, i extend my heartfelt condolence to the family of deceased Anant Kumar. None should have right to criticise any dead person.
Now in this advanced technology and system it is easy to trace out such culprits. Police department must immediately take action against such person.
If the dept neglect then such incidents will repeat again n again.
Crtisizing and giving bad and communal comments against dead person and against wise rulers are now a days more and more in India.Even some news channels also supporting to such thus.
It is not accepted.
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