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Balancing act on a fraying tightrope in Karnataka The recently presented Karnataka state budget is a case study in desperation: a balancing act performed on a fraying tightrope by the chief minister, who also holds the finance portfolio. Share Via Email | A+A A- Karnataka CM BS Yediyurappa (Photo | EPS) The recently presented Karnataka state budget is a case study in desperation: a balancing act performed on a fraying tightrope by the chief minister, who also holds the finance portfolio. That rope is so frayed that it meant no new promises, except for the one for ‘communities’ on the side of politics. That’s to douse the rising protests, while acting more out of hope than conviction that the economy would recover. ....
Karnataka Budget: Revenue deficit estimated to be Rs 15,134 crores ANI | Updated: Mar 08, 2021 14:00 IST Bengaluru (Karnataka) [India], March 8 (ANI): Karnataka government in its Budget on Monday said the revenue deficit of the state is estimated to be Rs 15,134 crores during Financial Year 2021-22. The revenue deficit is estimated to be Rs 15,134 crores. The fiscal deficit is expected to be Rs 59,240 crores, which is 3.48 per cent of GSDP (Gross State Domestic Product). The total liabilities at the end of 2021-22 is estimated to be Rs 4,57,899 crore, which is 26.9 per cent of the GSDP. The suitable amendment will be brought to the Karnataka Fiscal Responsibility Act 2002 in this regard, CM said in the Assembly. ....
"Our government has faced many challenges during 2020-21. Though there are clear indications of recovery of green cover, the year 2021-22 may also bring various kinds of challenges." ....
Read more about Karnataka govt reduces stamp duty for apartments to 3% from 5% on Business Standard. The Karnataka Budget for fiscal 2021-22 reduced stamp duty on apartments priced between Rs 35 lakh-45 lakh to 3% ....
No new taxes in Karnataka budget thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.