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.
Comments
just sentence him to death.. this kind of morons are evil for society. he was earning handsome salary of 40k+ riyals and braking against muslims/islam. if he work in india as engineer he wont get even10k indian rupees. whoever do this kind of hatred againt other religion whether muslim, hindu or christian he deserve death only.
Its every one's duty to respect the laws of the country where we live. Being expatriate in Saudi Arabia we should be more careful on the issue. You might be follower of enemies of islam in India, but you cannot do it in Saudi Arabia or Gulf countries. You mihgt have been brainwashed in india but anti national and anti muslim political parties, who are trying to make use of you to spread hate among different communities for their political benefit. At last you will be the one to suffer. No political for whom you are working will not come to support you and they will say you are not related to their party and there is no connection between you and the party. dont get fooled by these hate political parties. I am sorry for the fate of this unfortunate person and hope he will be freed at the earliest possible. This is good lesson for all hate mongers in Saudi Arabia. Dont bring your dirty politics to saudi arab ia. People from all religion are living peacefully here. They eat together and live together as one family.
Maron is arrested, let him learn his mistake for his hatrate,
indian political people make innocent people to reach and this is what the end result but the political people are living happly with all facility only ch**tya citizen of india is fooled all time.
Add new comment