Bangalore, Mar. 5 (KMS&KMC)- Revenue mobilisation being the topmost priority, taxes have been hiked by 1 per cent to 3 percent for people from all walks of life; particularly targeting the hospitality industry, motor vehicles and electronic goods.
An additional revenue mobilisation is aimed at Rs. 1,829 crore, said Chief Minister B.S. Yeddyurappa and added that the hike in taxes were inevitable as there were no tax hikes in the past four years.
Delivering the Budget speech in Vidhana Soudha this afternoon, Yeddyurappa, who also holds the Finance portfolio said, "Tobacco products will become even more dearer as the tax has been hiked to 15 per cent from the earlier 12.5 per cent."
Mysore has been allotted a Horticulture College and rupees two crore granted for establishing a Silk Centenary Bhavan.
Chamarajanagar district gets a Rs. 100 crore package for implementing drinking water project in rural areas from the Kabini reservoir.
A synthetic sports track will be established in Mysore city at a cost of Rs. 5 crore and the Chamarajendra Technical Institute will be converted into a museum at a cost of Rs. one crore. A package of Rs. 40 crore has been announced for the development of the District Jails in Mysore and five other districts.
The charge of Rs. 15 per copy of RTC has been reduced to Rs. 10 to facilitate for the farmers.
A three year project for the upgrading and development of all the State Highways and District roads will be launched at a cst of Rs. 3000 crore, under-which all State highways will be upgraded to two-lane roads.
Kodagu gets a special package of Rs. 25 crore for road repairs. Yeddyurappa presented the Budget at 12.30 pm avoiding the Rahu Kala (inauspicious time duration) between 10.30 am and 12 noon. This is his fifth budget.
Yeddyurappa himself being a god-fearing person, he merely follows his predecessor Chief Ministers who also held the Finance portfolio. They had been very particular that their budget speech did not fall during the inauspicious Rahu Kala.
The CM, who began his daily routine with a morning walk accompanied by his MP son B.Y. Raghavendra, Minister Renuka-charya and others, later offered special puja at Subrahmanya and Ganesha temples in Sanjaynagar, close to his residence here.
After obtaining the Cabinet Committee approval, Yeddyurappa began his budget speech by invoking Goddess Kannada Bhuvaneshwari, seeking blessings from the people of Karnataka and recalling that he had sworn in as the Chief Minister in the name of the farmers of the State.
Before presenting the budgetary allocations, Yeddyurappa recalled the natural disasters that hampered the State's economic growth in the past two years and fears of global recession that led to very low financial resources mobilisation during economic year 2009-10.
Yeddyurappa said that the State's GDP had risen 10 per cent, which was highest in the country.
Allocations * Education - Rs. 10,505 cr. * Urban Development - 5883 cr. * Energy - 3547 cr. * Irrigation - Rs. 5180 cr. * Rural Dvlpt. - Rs. 3442 cr. * PWD - Rs. 2909 cr. * Revenue - Rs. 2764 cr. * Health - Rs. 2673 cr. * Housing - Rs. 928 cr. * Social Welfare - Rs. 2671 cr.
Courtesy : Star Of Mysore