GST will boost economy in mid, long term, says Siddaramaiah govt

DHNS
November 18, 2017

Belagavi Nov 18: The Siddaramaiah government on Friday allayed fears of a slowdown in economy due to recent structural reforms initiated by the Centre like Goods and Sevices Tax (GST). Instead, the government stressed that it will boost the economy in the medium and long term.

"Recent structural reforms are seen to have a slight impact on growth in the short run. However, they are expected to boost medium-to-long-term growth prospects," the government said in its report on Mid-Year Review of State Finance 2017-18 (April to September) tabled in the Legislative Assembly.

The government observed that teething troubles related to GST need to be addressed expeditiously, besides making concerted efforts to encourage investment by removing various bottlenecks. The report is prepared by the State Finance department, the portfolio held by Chief Minister Siddaramaiah.

Interestingly, the observation made in the report is in contradiction to the Congress' stand on the GST. AICC vice president Rahul Gandhi had described GST as Gabbar Singh Tax, as the party staged a nation-wide protest against it recently.

The state's revenue receipts have witnessed a healthy growth during the past six months. All major sources of own tax revenues Commercial Taxes, Excise, Motor Vehicle Taxes and Stamps and Registration -- have shown "reasonable achievement". "Collection under these sources are a notch higher than FY 2016-17 for the same period," the report stated.

The state has collected Rs 6,190 crores revenue during July and August after the implementation of Goods and Sevices Taxes (GST), including SGST of Rs 4,100 crores. The state should have collected Rs 6,640 crores at 14% growth rate. As per the Compensation Act, the Centre will compensate the difference in amount of Rs 450 crores to the state, the report added.

Increase IML sale: Panel

The Fiscal Management Review Committee (FMRC) headed by the Chief Secretary has asked the Excise department to take proactive measures to increase the sale of Indian Made Liquor (IML) in the state.

The panel, which has made certain recommendations to the government after reviewing the fiscal and debt position of the state, has observed that sale of IML has reduced in the state compared to neighbouring States.

Registration of motor vehicles too has dipped in the past few years, the panel stated and asked the Transport department to rationalise the tax structure and resolve issues related to lifetime tax in order to improve the registration.

The committee has cautioned the government on the ballooning expenditure commitments – mainly on account of crop loan waiver, and advised it to take necessary measures to increase its revenue.

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coastaldigest.com news network
December 2,2025

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Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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News Network
December 7,2025

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Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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