Revenue generation in state set to shrug off note-ban impact

February 18, 2017

Bengaluru, Feb 18: Exactly 100 days after Prime Minister Narendra Modi demonetised high-denomination banknotes, the apprehension that the decision will severely impact Karnataka’s revenue collections seems to have subsided.

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Feedback being obtained by Chief Minister Siddaramaiah, who also holds the finance portfolio, indicates that except for stamps and registration, the other three revenue-generating departments — commercial taxes, state excise and transport — will meet their budgetary target for 2016-17. In December, the government had anticipated a shortfall of Rs 3,000 crore by the end of the current fiscal year. But that is proving to be unfounded.

On Thursday, Siddaramaiah started holding pre-budget interactive meetings with trade associations, farmers and other stakeholders. Sources in the Finance Department said the Commercial Taxes Department, Karnataka’s largest revenue generator, would not only meet its budgetary target of Rs 51,338 crore but also register a 13%?growth. Similarly, the Excise Department will meet its target. The sources said demonetisation did not impact these departments as all the remittances were made by traders electronically. The sale of products and liquor did not see much of a decline and does not involve high-value transactions.

The Transport Department did take a hit, but the collections are improving now. As regards property registrations, the decline in revenue had begun by the end of October — much before demonetisation — as the government’s drive against encroachments on stormwater drains in Bengaluru hit the sale of apartments in a big way.

Siddaramaiah will present his 12th budget (a record in the state) on March 17 and it is largely expected to be a populist one. This will be the Congress government’s last full-fledged budget before the Assembly elections next year. Siddaramaiah is expected to announce some succour to farmers, who are reeling under severe drought, welfare schemes for Ahinda communities (Kannada acronym for OBCs,?Dalits and minorities) as in the previous years and hike the quantity of foodgrains under the Anna Bhagya scheme and milk to schoolchildren five days a week.

Wishlist given to CM on Friday

Federation of Karnataka Chambers of Commerce and Industry

n Abolition of trade licence should be applicable to all business sectors.

n Allot up to 2 acres of industrial land to micro and small enterprises on lease-cum-sale basis.

n Develop Bengaluru as a mega city.

n Reduce Agriculture Produce Marketing Centre (APMC) cess from 1.5% to 0.5%.

n Promote e-wallets for digital transactions.

Karnataka Small Scale Industries Association (Kassia)

Set up a separate directorate for micro and small enterprises.

Set up more industrial townships.

Provide loans at concessional rates of interest to women enterprises.

Provide houses to industrial workers.

Karnataka Film Chamber of Commerce

Cap movie tickets in multiplexes at Rs 150.

Reserve 50%?of shows in multiplexes for Kannada films.

Don’t impose advertisement tax on banners and posters displayed inside cinema halls.

Develop a layout near Mysuru for people from film fraternity.

Karnataka Pradesh Hotel and Restaurants Association

Reduce VAT on food items served in hotels from

4.5% to 2%.

Set up exhibition centres in Mysuru and Hubballi on the lines of Bangalore International Exhibition Centre.

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News Network
April 24,2024

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With the Karnataka transport department extending the deadline for the installation of High Security Registration Plate (HSRP) twice--- in November last year and February, it is no longer planning to extend the same. The department ordered for the installation of HSRP before May 31.

The transport department through a notification in August last year, had mandated the installation on all the vehicles that were registered in the state prior to April 1, 2019. According to transport officials, there are nearly two crore vehicles that are supposed to get HSRP for their vehicles.

“As of now, the state has registered only 34 lakh HSRP installations, despite extending the deadline twice. From nearly 18 lakh installations since February, the numbers have almost doubled. However, there are still a large number of vehicles that have to opt for HSRP,” said C Mallikarjuna, Additional Commissioner for Transport (Enforcement).

“We will wait till May 31 to check for the total number of vehicles that fall in line. We are expecting HSRP installations to touch 75 lakh, after which we will consider an extension as the numbers indicate that people are falling in line and if some more time is given everyone will get it done. However, if we do not reach that number before the deadline, we will request the government not to extend the deadline but urge for an enforcement,” he said.

He also stated that a fine of Rs 500 will be imposed for the first time and if vehicle owners do not fall in line, it will be Rs 1,000 later until they have installed HSRP. “We will wait till the Model Code of Conduct ends and take the government’s opinion. We are going to request the government for strict enforcement if the HSRP installations are not satisfactory,” he added.

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News Network
April 26,2024

A 91-year-old woman passed away minutes after casting her vote in Karnataka's Hunsur on Friday, April 26. Hunsur comes under Mysuru Lok Sabha constituency. Despite her advanced age, Puttamma exercised her democratic right.

Voting held on Friday in 14 constituencies in Karnataka. Polling began at 7 am and will ended at 6 pm.

Chende artiste Manohar dies 

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Chende artiste Manohar (58) died of cardiac arrest after exercising his franchise in Kodagu district.

He had cast his vote at B Shettigeri polling station in Ponnampet taluk. Later, Chende artiste Manohar (58) reportedly collapsed after coming out of the polling booth. Though he was rushed to hospital, doctors declared him brought dead.

Ponnampet Tahsildar Mohankumar said “Manohar had come out of the polling booth and collapsed 200 metres away from the booth.

For the uninitiated, Chende (also known as Chenda) is a cylindrical percussion instrument widely used in cultural events in Tulu Nadu of Karnataka and Tamil Nadu in India.

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April 20,2024

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New Delhi: The Aam Aadmi Party on Saturday alleged that Delhi Chief Minister Arvind Kejriwal is being pushed towards a “slow death” inside Tihar jail by denying him insulin and consultations with his doctor.

Kejriwal, who has Type-2 diabetes, has been asking for insulin and a video conferencing with his family doctor but his requests are being denied by the jail administration, party spokesperson Saurabh Bharadwaj said in a press conference.

"I want to say with full responsibility that a conspiracy is underway for the slow death of Kejriwal," Bharadwaj claimed citing blood sugar readings of the Chief Minister in jail.

He also slammed the Tihar administration, BJP, Centre and Delhi LG for allegedly denying insulin to Kejriwal and said the Delhi Chief Minister had been suffering from diabetes for the last 20-22 years.

On Friday, the chief minister council Senior advocate Abhishek Singhvi said Kejriwal has not been administered insulin to control his sugar levels since his arrest, terming it “shocking” and “alarming”.

The ED had on Thursday claimed before the court that Kejriwal was eating food high in sugar like mangoes and sweets every day, despite having Type-2 diabetes, to create grounds for medical bail.

Kejriwal, however, refuted the ED’s claims by asserting before a court that the food he consumed was in conformity with the diet chart prepared by his doctor.

“Out of 48 meals sent from home, only three times mangoes were there…,” Singhvi told the court.

Bharadwaj said Kejriwal was allowed by the court to use a machine in the jail to monitor his daily blood sugar levels.

"Overall, it was a conspiracy to finish Kejriwal so his multiple organ damage and when he comes out of jail after 2-4 months he goes for treatment of kidney, heart and other organs," said Bharadwaj, who holds the portfolio of health in Delhi government.

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