Centre duping Karnataka? CM asks Fin Min to explain Rs 798 crore IGST deduction

News Network
December 2, 2023

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Chief Minister Siddaramaiah has shot off a letter to Finance Minister Nirmala Sitharaman expressing concerns and seeking clarification on Rs 798 crore from the Integrated Goods & Services Tax (IGST) being deducted from Karnataka. 

“The information at our disposal indicates that an amount of Rs 798.03 crore has been adjusted out of the IGST settlement as ‘adjustment of advance apportionment to make up shortfall in IGST balance as on 26.12.2022’,” Siddaramaiah stated. 

Siddaramaiah asked Sitharaman to explain the “rationale” behind “huge negative balances of Rs 34,000 crore to accumulate”. He said the accumulation of negative IGST balances would impact treasury management of state finances. 

“In order to facilitate better understanding and transparency, the state of Karnataka seeks information on the total amount of negative IGST balance and the methodology employed for distributing this among the states for recovery,” Siddaramaiah stated. 

Siddaramaiah also asked the union government to make deductions in instalments. “Given the pressing need for resources and the potential challenges associated with lump-sum deductions...we propose a phased approach, preferably in ten instalments, to mitigate the immediate impact on state finances,” he stated. 

“We believe that a transparent and collaborative approach in addressing these concerns will contribute to the effective functioning of the financial ecosystem,” Siddaramaiah stated.

Meanwhile Karnataka GST collection at Rs 11,970 crore finished in second place all India behind Maharashtra. 

Karnataka’s collection was more than Rs 1,000 crore higher than Gujarat, which managed Rs 10,853 crore. 

Tamil Nadu stood at fourth place with Rs 10,255 crore, while Haryana stood a distant fifth with Rs 9,732 crore. UP stood at sixth place with Rs 8,973 crore.

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News Network
February 27,2024

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Bengaluru, Feb 27: In a setback to the BJP-JD(S) alliance, saffron party MLA S T Somashekar voted for Congress during the Rajya Sabha elections in Karnataka on Tuesday.

Somashekar, who is upset with the BJP and had been rebellious against the party, voted in favour of the Congress candidate, the BJP leaders said and added that the party will be exploring legal options to deal with him.

“We have got the information that Somashekar has done cross-voting. I believe that people do not like cheating now and then,” the Leader of Opposition R Ashoka told reporters here.

“I consulted with advocate Vivek Reddy who is our state legal cell president and a high court lawyer. We will ask the Speaker to initiate action against him (Somashekar) and explore the possibilities to take action following the law,” Ashoka, former deputy chief minister, said.

Ashoka termed Somashekar’s decision as “political suicide”.

Somashekar had quit the Congress and joined the BJP and served as the minister (in the BJP government) and he was made the Mysuru district in-charge minister. 

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News Network
March 3,2024

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Udupi, Mar 3: In a shocking incident, a home alone youth was mercilessly shot dead by unidentified miscreants under mysterious circumstances at Hanehalli near Barkur in Brahmavar taluk of Udupi district. 

The victim has been identified as Krishna (36), who was living alone in his home at Hanehalli. 

It is learnt that on at around 9:30 pm on Saturday, March 2, firing sound was heard by the local residents. However, they reportedly thought it to be a sound from firecracker and chose to ignore. 

Today morning (March 3), when one of the local residents went to Krishna’s house the incident came to light. Krishna was found dead with a bullet wound. 

Krishna was working in Manipal. It is learnt that he was shot dead while having his dinner. 

Udupi Superintendent of police Dr Arun K and team conducted the spot investigation. 

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News Network
March 1,2024

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Mangaluru, Mar 1: Veteran local journalist, artist and anchor Manohar Prasad, who worked for Udayavani Kannada daily newspaper for nearly four decades, passed away early this morning. He was 64.

Prasad, who hailed from Karvalu village in Karkala taluk, had settled in Mangaluru.

After completing his college education in Mangaluru, he began his career in journalism with the ‘Navabharat’ newspaper. 

He later joined ‘Udayavani’ as a correspondent. He gradually rose to become the chief of newspaper's Mangaluru bureau and then served as assistant editor.

With an illustrious career spanning 36 years of dedicated service at Udayavani, he retired two years ago.

Recognizing his immense contribution to the print media, Manohar Prasad was honored with numerous awards, including the district Rajyotsava Award, for his outstanding service.

His invaluable service to the field of journalism, showcased through his contributions to print media, has earned him accolades and respect from various quarters.

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