City
Epaper

Karnataka CM cries foul over budget cut in GST share

By IANS | Updated: July 5, 2019 22:10 IST

Karnataka Chief Minister H.D. Kumaraswamy on Friday cried foul over the Union Budget's proposal to cut the state's share of Goods and Services Tax (GST) in fiscal 2019-20.

Open in App

"The Budget has given a big blow to the state's economy, reducing its share of the GST by Rs 1,600 crore for this fiscal," tweeted Kumaraswamy in Kannada and English.

In a series of tweets from the US where he is on a week-long private visit since June 29, the Chief Minister said the additional special duty of Re 1 and a road and infrastructure cess of Re 1 per litre on petrol and diesel would limit the state's scope to increase its own value added tax (VAT) on the transport fuels.

"Fuel price hike by the Central government hits everyone directly and indirectly," said Kumaraswamy in another tweet.

Expressing his disappointment over the Union Budget, the Chief Minister said he expected more from Union Finance Minister Nirmala Sitharaman on sectoral allocations to the southern state.

"Sitharaman, who represents Karnataka in the Rajya Sabha as a BJP member, has disappointed me, as she did not announce any new project or financial aid to the state, especially the Bengaluru suburban train service for this year," he lamented.

Noting that a budget was a not a mere statement of intent in the Indian context, Kumaraswamy said though a budget speech was the most important medium for communicating with the poor, Sitharaman's speech had certain intents, but nothing beyond them.

"Had great expectations from the maiden budget of FM @Sitaraman, but disappointed. Though creation of FPOs (Farmer Producer Organisations) and strengthening of e-NAM (electronic National Agriculture Market) and promoting traditional industries are welcome moves, more morale boosting programmes were desirable for the farming sector," he said in a tweet.

Kumaraswamy, who also holds the finance portfolio, had presented his second state budget for fiscal 2019-20 on February 8, 2019.

( With inputs from IANS )

Tags: kumaraswamyNirmala SitharamanUnion BudgetUnion Financebjp
Open in App

Related Stories

MumbaiMumbai: BJP Leader Kirit Somaiya Stages Protest in Mulund To Demand Removal of Illegal Loudspeakers From Mosques

MaharashtraMarathi vs Hindi Row: Raj Thackeray’s MNS Party Puts Out Provocative Posters and Intensifies Protest in Mumbai

MaharashtraNCP-SCP's Rohit Pawar Backs Uddhav Sena's Use of AI Balasaheb Thackeray, Says BJP Uses it for Their Leaders

NationalBihar Assembly Election 2025: Big Blow to BJP-Led NDA as RLJP Chief Pashupati Kumar Paras Exits Alliance, Vows to Contest All 243 Seat

NationalAmbedkar Jayanti 2025: Tensions Flare Within Mahayuti as Eknath Shinde and Ajit Pawar Dropped from Event Speeches

National Realted Stories

NationalGold Rate On Akshaya Tritiya 2025: Check Price of Yellow Metal on April 30 in Mumbai Delhi and Other Metro Cities

NationalMay Akshaya Tritiya give new strength to Viksit Bharat, says PM Modi

NationalIf less water supplied by Punjab, drinking water in Delhi will also be impacted: Haryana CM Saini

National14 dead in Kolkata hotel fire, probe ordered

NationalPak minister holds emergency press meet at 2 am, says India's military action within 24 to 36 hours