Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.
Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.
As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.
He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.
"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.
However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.
Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.
Mr Basha went to Saudi Arabia 14 months ago. In a video message sent to his friends on WhatsApp, he has alleged that his employer had not paid him so far. The video has gone viral.
Comments
Kotiaan brothers did not see the carrot saffron shakes video of aseemanada and Nithyananda rapes....ha ha...he loves Arab porn...like all sangheez even watch in Parliament....
Piece loving nation ..haha. ..I also saw the video where Arab milk shakes raping indian women maids from Hyderabad ..
Dear Satya Vishwas...
U are right but what We muslims need to Present the TRUE message of ISLAM to the public as well as the cheddis .. cos they are carrying in their mind the ISLAM which is taught by the Cheddis.. which is dumping them deep into darkness (hate, jealousy, crime, looting, lies and etc) as well as the society.
So we should educate whatever way to spread the real msg of ISLAM to the cheddis as well as the non muslims ...
When we present the true message atleast few may reflect who are honest.. in their hearts. ALLAH guides those who are honest in looking for God.
Why CD readers bother about this Phycho person;(Phycho Viren) this man must be admitted Kankanady hospital for his brain wash in Vande dot CLOREX muthram.
dear all CD readers : please do not react , or comment to viren kotian just neglect him,BECAUSE HE IS DEPLOYED by RSS to ignite and provoke minorities, so if we react to his inhumane comments he and his dirty mind followers enjoy it.And they are successful in their mission, and also he get highlighted , so why to give him unnecessary (un) popularity.
REMEMBER THAT IF YOU THROW A STONE AT LOOSE SHIT (VIREN) IT SPREADS ALL OVER .
so lets not waste our valuable time by arguing with the inhuman viren.
Viren Kotian , seeing your comments i understand that a deluded understanding is giving such a buncombe, please understand such swaggering appears unarmed for a rational discussion.
kindly refrain
Vande matram means cheddis bow down to the mother land...
What islam says
ALLAH is the lord of all that exists, U me and all that is in between the earth and the skies..
We Muslims bow down to ALLAH alone and nothing else , Even not to our respected prophets or our mother who gave birth to us...
We love our prophets,
We love our mother
We love our mother land
but we will never worship our mother land...
ALLAH created us and We bow down to him alone.. Please dont ask me to bow down to the motherland which is also a creation of ALLAH...
ALLAH forgives every sin with true repentance but associating partners with him is the biggest SIN... which is a way to hell and Please dont drag us Muslims to that destination... Sorry I believe ALLAH as my lord, Muhammad pbuh and all the prophets as my messenger and Islam as my religion....
Please VIREN when U worship the mother land, U actually denying the TRUE GOD ... I request U to look who is our CREATOR which VEDAS also mentions \NA TASYA PRATIMA ASTI\" there is no image of GOD...
IF you are honest in looking for the CREATOR , God will Guide U ... Atleast make some effort to look for the creator of all that exists.. Dont just worship the man made creations and animals and live a life unaware.. QURAN challenges mankind to bring a book like it... Please go thru it."
No one can become patriot just saying vande matram, this is crazy....we Muslims cannot do that...its against our religion...but in fact we will fight for our country without any hesitation.....and save country from our enemies.....
Hello joker Viren......a lot of bharat maa ki jai sons are also living happily with their family's in Muslim countries and they respect and are thankful to those people. Some goons like you will let Islamic nations kick them out of there.......you sick-minded will let people hate each other...saffron pillas....why don't modi offer job and respect to the people who say jai jai and are still working in Islamic nations.......u don't belong to a democratic nation.......go to your country Nepal....ha haa
Viren Kotian, how could you say, the person who doesn't sing Vande Mataram is not be Indian!!!
You must know its not our National Anthem and its an individual personal choice.
I don't understand why CD post such nonsense Viren Kotian comments!!
Viren, I think you don't have any knowledge of our Indian constitution!!
Bharat Mata har ek Hindustani ki hai, aur Akbar ek hindustani hai, apne desh se madad maang raha hai, samajh is baat ko. and
don't ever bring communal things in humanity!!!
Mr. Kotian why so much hatred on muslim relegion, we are human beings, remember that.. we are indians here we don't treat each other as HINDU's or MUSLIM's.. Try to be peace lover My Dear Friend..
Bharath kisi ke baap ka nahi. The slogan made purely illogic for any religion including hindus which is against the holy scriptures. Will you and your millions of hindu brothers say La ilaha illallah mohammedurrasulullah while entering in arab countries to earn their bread and butter.
Dear viper kotian if u sing vande maataram r u getting 15 lac from your govt? Then why u r singing r u mad?
Viren kotian.
Its haraam to say vande mataram according to vedas. Hindu is not a religion. Arabs gave the word hindu. U should be thankful to arabs.
Rama couldnt save his own wife sita from kidnap. How can he save u.
Ask any pandit. He will runaway from u.
The religion is sanatan dharm. Nowadays nobody knows a single word of it.
Habeebi viren, dont worry we will try to help him out.. If you are not sleeping then try to see the problems of those who sing vande mataram and still not came out of it. I doubt the govt helps them.
Indian govt should help this guy.
Viren - stop talking nonsense ( as usual )
What is Indian embassy doing around.....they got a lot money of expatriates collected during passport renewal time....millions of them...couldn't they use part of it to get this person come out of his ordeal...
You are not ready to sing 'vande mataram' but when you get stranded in a Muslim country you need bharat maatha's hindu govt's help. Funny people.
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