Karnataka Budget: No hike in taxes, Rs 1,000 crore for Mekedatu project
2 years, 9 months ago

Karnataka Budget: No hike in taxes, Rs 1,000 crore for Mekedatu project

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Basavaraj Bommai has proposed no increase in taxes in the Budget 2022-23 presented by him in the state Legislative Assembly on Friday. In his maiden budget, the Chief Minister who also holds the Finance portfolio has expressed his government's commitment for the implementation of the Mekedatu project across river Cauvery, to which neighbouring Tamil Nadu is opposed to, and has provided Rs 1,000 crore for it this year. Stating that the Mekedatu Balancing Reservoir and Bengaluru Drinking Water Project will be implemented by getting required clearances from the appropriate authority of central government, Bommai said, for implementation of the project, a grant of Rs 1,000 crore will be provided in the current year. To encourage the use of farm machinery and to reduce fuel expenditure for the first time in the state, diesel subsidy at Rs 250 per acre subject to maximum for 5 acres will be given through DBT under a new scheme "Raitha Shakti" for which Rs 500 crore has been provided in the budget.

Bengaluru Karnataka Budget State Crore Provided Mekedatu Bommai  petrol  provided  hike  diesel  project  rs  crore  karnataka  taxes  mekedatu  minister  1000  chief  state  budget  bengaluru

History of this topic

Karnataka must balance welfare with growth
6 months ago

Karnataka must balance welfare with growth

New Indian Express  

A year into its tenure, the Karnataka government is beginning to feel the burden of its successful ‘guarantee schemes’. With the Lok Sabha elections done, the Siddaramaiah government has set about raising resources to fund the schemes, which arguably are popular among the 5.10 crore beneficiaries. Having raised stamp duty by 200-500 percent earlier this year, it has now raised …

HD Kumaraswamy slams Karnataka government for fuel price hike: 'To fund schemes'
6 months, 1 week ago

HD Kumaraswamy slams Karnataka government for fuel price hike: 'To fund schemes'

India Today  

Union Heavy Industries and Steel Minister HD Kumaraswamy on Monday lashed out at the Congress-led Karnataka government for the recent hike in sales tax on fuel, which has made petrol and diesel costlier in the state. The Janata Dal leader said the fuel prices were hiked by Chief Minister Siddaramaiah-led government to fund Congress's guarantee schemes like Gruha Lakshmi in …

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka
6 months, 1 week ago

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka

New Indian Express  

BENGALURU: Hitting out at the state government for increasing petrol and diesel prices in Karnataka, Leader of Opposition in the Assembly R Ashoka claimed that the Congress-led dispensation is taking revenge on the people for defeating the party in the recent Lok Sabha polls. “During the previous BJP government, when fuel became costlier by just Re 1, the present CM …

Fuel prices hike in Karnataka: A look at petrol, diesel rates across the Indian states
6 months, 1 week ago

Fuel prices hike in Karnataka: A look at petrol, diesel rates across the Indian states

India TV News  

Amid the uproar over rising fuel prices in Karnataka, Chief Minister Siddaramaiah assured citizens that the government remains committed to keeping fuel prices reasonable. He emphasised that Karnataka's revised rates are still more affordable than those in neighboring states like Andhra Pradesh and Maharashtra. Even after this hike, our state's taxes on fuel remain lower than most South Indian states …

CM Siddaramaiah defends hike in petrol and diesel prices
6 months, 1 week ago

CM Siddaramaiah defends hike in petrol and diesel prices

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. With the opposition BJP and its ally JD coming down heavily on the Congress government for increasing the petrol and diesel prices by Rs 3 and Rs 3.5 per litre respectively, Siddaramaiah said …

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'
6 months, 1 week ago

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'

India Today  

Karnataka Chief Minister Siddaramaiah on Sunday justified the petrol and diesel price hike in the state, highlighting the state's "reduced revenue", and said it would ensure funding for essential public services and development projects. Defending the decision, the Chief Minister said, “The Government of Karnataka has increased VAT on petrol to 29.84% and on diesel to 18.44%. We remain committed …

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike
6 months, 1 week ago

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike

Deccan Chronicle  

Mangaluru: BJP leaders have strongly criticized the Congress government in Karnataka for its recent decision to increase petrol and diesel prices in the state. "The Congress government in the state has bankrupted the treasury by implementing unscientific guarantee schemes and has now betrayed the people by increasing the prices of petrol and diesel," Bommai asserted on X. BJP Mangaluru Vibhag …

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes
6 months, 1 week ago

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes

New Indian Express  

BENGALURU: Karnataka state government on Saturday hiked the fuel prices by Rs 3 following the hike in Karnataka Sales Tax on petrol and diesel. The state government in a notification on Saturday, announced that it had hiked the sales tax from 25.92 per cent to 29.84 per cent on petrol and from 14.3 per cent to 18.4 per cent on …

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn
10 months ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times  

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

‘Disappointment’: Former Karnataka CM Basavaraj Bommai on Budget
10 months, 1 week ago

‘Disappointment’: Former Karnataka CM Basavaraj Bommai on Budget

Hindustan Times  

Former Karnataka CM and BJP leader Basavaraj Bommai termed the state budget a ‘disappointment’ and alleged that no development occurred in the last nine months. ‘Disappointment’: Former Karnataka CM Basavaraj Bommai on Budget Speaking to news agency ANI, Basavaraj Bommai said, “Karnataka government has cheated people by not delivering its promises during the elections. The budget that was presented by …

Siddaramaiah presents Budget for 15th time in Karnataka
10 months, 1 week ago

Siddaramaiah presents Budget for 15th time in Karnataka

Deccan Chronicle  

BENGALURU: Chief Minister Siddaramaiah on Friday presented State budget 2024-25 which was his 15th budget presentation in his political career and in the budget presented the Chief Minister holding Finance ministry, stated that the total expenditure for the financial year is estimated to be Rs 3, 71, 383 crore which includes Revenue expenditure of Rs 2, 90, 531 crore, capital …

Top news of the day: February 01, 2024
10 months, 3 weeks ago

Top news of the day: February 01, 2024

The Hindu  

No change to direct and indirect tax rates: Finance Minister in Budget Speech Finance Minister Nirmala Sitharamaman in her interim budget speech proposed to retain the same tax rates for both direct and indirect taxes, including import duties. Interim Budget 2024 | ASHA, anganwadi workers and helpers gets health cover under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana Health …

Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru
1 year, 2 months ago

Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru

Deccan Chronicle  

Bengaluru: Bengaluru city incharge and Deputy Chief Minister D.K. Shivakumar on Monday said that there would not be any hike in property tax in Bengaluru city for now but a new team will be constituted for tax collection especially keeping an eye on tax evaders. The DyCM, addressing a press conference in Bengaluru, stated that an eye will be kept …

Karnataka Budget 2023 News LIVE: Excise Duty on Liquor Hiked by 20%, CM Sidda Promises to Protect Milk Brand Nandini
1 year, 5 months ago

Karnataka Budget 2023 News LIVE: Excise Duty on Liquor Hiked by 20%, CM Sidda Promises to Protect Milk Brand Nandini

News 18  

Karnataka Budget 2023 News LIVE: Karnataka Chief Minister Siddaramaiah today presented state budget of Rs 3,27,747 crore, of which Rs 2,50,933 crore has been allocated for revenue expenditure, Rs 54,374 crore for capital expenditure and Rs 22,441 crore for loan repayment. The budget session of the Karnataka Legislature began on Monday, July 3 with Governor Thaawarchand Gehlot emphasizing on the …

Karnataka is changing rapidly due to fast pace of development: PM Modi
1 year, 9 months ago

Karnataka is changing rapidly due to fast pace of development: PM Modi

Hindustan Times  

Prime Minister Narendra Modi on Saturday inaugurated the ‘Barisu Kannada Dim Dimava’ cultural festival organised by the Delhi Karnataka Sangha at Talkatora Stadium in Delhi and addressed the gathering on the occasion. Prime Minister Narendra Modi on Saturday inaugurated the ‘Barisu Kannada Dim Dimava’ cultural festival Speaking on the occasion, the PM who began with a few words in Kannada, …

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh
1 year, 10 months ago

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh

News 18  

Karnataka CM Basavaraj Bommai proposed to hike the interest-free loan for farmers to Rs 5 lakh from existing Rs 3 lakh while presenting the state budget 2023-24 on Friday. The increased loan amount will directly help more than 30 lakh farmers in the state and a total amount to the tune of Rs 25,000 crore is estimated to be disbursed. …

Karnataka Budget Unveiled with Rs 1,000 Cr for Mutts & Temples, Fee Benefit in Govt Colleges
1 year, 10 months ago

Karnataka Budget Unveiled with Rs 1,000 Cr for Mutts & Temples, Fee Benefit in Govt Colleges

News 18  

Karnataka Chief Minister Basavaraj Bommai’s please-all, pre-poll budget is targeted at pushing the Hindutva agenda of the BJP by announcing that the state government will build a “majestic” Ram Temple like the one in Ayodhya and reclaim Brand Bangalore. The Bommai government presented a “revenue-surplus” budget with no tax hikes, breaking the trend of revenue-deficit budgets for the past two …

Revenue surplus budget with no proposed taxes for poll-bound Karnataka
1 year, 10 months ago

Revenue surplus budget with no proposed taxes for poll-bound Karnataka

Hindustan Times  

Chief minister Basavaraj Bommai on Friday promised comprehensive development and renovation of temples and monasteries and announced ₹425 crore allocation for it as he presented a revenue surplus budget with no proposed taxes months before Karnataka is due to go to the polls this year. “In the next two years, comprehensive development and renovation of temples and mutts will be …

Karnataka Budget 2023: Key takeaways from CM Bommai's announcements
1 year, 10 months ago

Karnataka Budget 2023: Key takeaways from CM Bommai's announcements

Hindustan Times  

Chief minister Basavaraj Bommai, presenting the BJP government’s last Karnataka budget in the current term, on Friday sought to woo farmers in an assembly election year and announced an increase in the limit of interest-free short-term loan given to farmers from ₹3 lakh to ₹5 lakh from the coming financial year. Karnataka Budget 2023: Key takeaways: For farmers: The increase …

Mekedatu project: What did Congress do when in power, asks Karnataka CM Basavaraj Bommai
3 years, 1 month ago

Mekedatu project: What did Congress do when in power, asks Karnataka CM Basavaraj Bommai

India Today  

The war of words over implementation of the Mekedatu project across the Cauvery river is refusing to stop. After Congress accused the BJP government of going slow and lacking intent to implement this project, CM Basavaraj Bommai questioned them in a statement saying: "Instead of implementing the project, what did the Congress leaders do?" Once completed, the project will ensure …

Karnataka CM Bommai hints at tax cut on petrol after reviewing the state's economy
3 years, 2 months ago

Karnataka CM Bommai hints at tax cut on petrol after reviewing the state's economy

Deccan Chronicle  

Hubballi: Karnataka Chief Minister Basavaraj Bommai on Sunday said that the government will decide on reducing the petrol price by effecting a tax cut, after reviewing the state's economy. "I have already said, it is dependent on the economy, after the by-polls I will review the economy, at that time if the economy has improved, there is opportunity for it," …

Karnataka Budget: No Burden of Additional Taxes on Common People, Says CM Yediyurappa
3 years, 9 months ago

Karnataka Budget: No Burden of Additional Taxes on Common People, Says CM Yediyurappa

News 18  

Karnataka Chief Minister B S Yediyurappa presenting the state budget 2021-22 on Monday, said he has not put the burden of additional taxes on the common people. Presenting the Budget 2021-22 in the legislative Assembly, he said, the state government levies Karnataka Sales Tax on petrol and diesel and it is already lesser compared to the other southern states. “Despite …

Central Govt Should Cut Its Tax on Fuel, Says Tamil Nadu DyCM Panneerselvam
3 years, 9 months ago

Central Govt Should Cut Its Tax on Fuel, Says Tamil Nadu DyCM Panneerselvam

News 18  

The Centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday. To protect its tax revenue from petrol and diesel notwithstanding a fall in global crude prices the Central government increased excise duty several times, he said. …

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