Ahead of polls, a please-all budget

In keeping with expectations, Chief Minister Jagadish Shettar on Friday presented a please-all Budget for 2013-14 with an outlay of Rs 1,17,005 crore.

Published: 09th February 2013 07:54 AM  |   Last Updated: 09th February 2013 09:51 AM   |  A+A-


In keeping with expectations, Chief Minister Jagadish Shettar on Friday presented a please-all Budget for 2013-14 with an outlay of Rs 1,17,005 crore.

With Assembly elections three months away, Shettar the finance minister gave in to Shettar the politician, as he left no section of society out in doling out goodies.

From farmers to government staff, students to the elderly, poor to religious institutions and traders to realtors, everybody had something to cheer in this Budget with a Rs 585.1 crore surplus.

However, implementation of the Budget depends on the poll outcome. If a non-BJP government comes to power, it is highly likely that they will present a new Budget  .

In his 225 -minute Budget speech, Shettar announced Rs 2-per-kg rice to BPL families with effect from April 1, creation of 43 new taluks (a  long-pending demand) and five percent hike in HRA for state government employees working in Bangalore. Monthly pensions were hiked across social security schemes among others.

Realising the crucial role of Bangaloreans — who send 27  members to the Assembly — in the elections, Shettar announced a Rs 6,203-crore package for the city which included flyovers, underpasses and initiatives in waste management.

Presenting his maiden Budget, the CM continued with the trend of opening the coffers to mutts and religious institutions started by B S Yeddyurappa. But he has adopted a more secular path, doling out Rs 250 crore to mutts of all communities.

The CM did not raise any taxes. In fact, he reduced taxes on several goods like domestic containers, footwear priced upto Rs 200, doors,  window frames and air compressors and their parts. This apart, paddy, rice, wheat, pulses and products of rice and wheat continue to enjoy tax exemption.

He also announced the restoration of VAT to 5 percent and 14 percent from August. VAT had been hiked by 0.5 percentage points on both these slabs last year to  mobilise funds for the farm-loan waiver scheme.

In a boost to the realty sector, he capped at Rs 1.5 lakh the registration fee for joint development agreements and related power of attorney. Earlier, there was no cap on the fee, which is one per cent of the project cost.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp