K”taka Budget: No burden of additional taxes on common people, says CM Yediyurappa

K”taka Budget: No burden of additional taxes on common people, says CM Yediyurappa

Bengaluru, Mar 8 (PTI) Karnataka Chief Minister B S
Yediyurappa presenting the state budget 2021-22 on Monday,
said he has not put the burden of additional taxes on the
common people.

“The year 2020-21 due to COVID-19 pandemic has caused
untold miseries to the general public. I am not willing to put
the burden of additional taxes on the common people,”
Yediyurappa said.

Presenting the Budget 2021-22 in the legislative
Assembly, he said, the state government levies Karnataka Sales
Tax (KST) on petrol and diesel and it is already lesser
compared to the other southern states.

“Despite this in the 2021-22 budget, no taxes
including Karnataka State Tax on petrol and diesel has been
increased and the budget has been formulated in such a way so
as not to increase the financial burden on the common man,” he
added.

Yediyurappa who also holds the Finance Portfolio
presented the state budget, his eighth in the legislative
assembly Monday.

The Chief Minister said, the Gross State Domestic
Product (GSDP) has seen a fall due to lockdown for controlling
the COVID-19 pandemic during the year 2020-21, and as per the
initial estimation based on fixed prices the GSDP has
contracted by 2.6 per cent in comparison with that of 2019-20.

He further stated that in spite of COVID and
occurrence of floods in North Karnataka during 2020-21, growth
of 6.4 per cent is observed in the agriculture sector and said
however, the industrial and service sector witnessed a
decline.

“During 2020-21 contraction in the industrial sector
is 5.1 per cent and in the service sector is 3.1 per cent,” he
added.PTI KSU SS
PTI
PTI PTI

Disclaimer :- This story has not been edited by Bollyinsidestaff and is auto-generated from news agency feeds. Source: PTI

News Highlights

  • According to the source, this news is about K”taka Budget: No burden of additional taxes on common people, says CM Yediyurappa
  • Check all news and articles from the World news and latest updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0