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No populist scheme but new taxes in Karnataka

In a departure from the three previous budgets, Siddaramaiah introduced new taxes by hiking state taxes on petrol and diesel.

Written by Johnson TA | Bengaluru | Published: March 19, 2016 3:19 am

Presenting Karnataka’s Budget for 2016-17 Friday, CM Siddaramaiah did not announce new populist schemes but introduced several new taxes.

Siddaramaiah, who also holds the finance portfolio, enhanced the total expenditure by 14.65% to Rs 1.63 lakh crore with a major chunk of the increased expenditure going to the ailing agriculture sector and for rural, urban and industrial development.

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In a departure from the three previous budgets, Siddaramaiah introduced new taxes by hiking state taxes on petrol and diesel. He also hiked entertainment tax on cable operators and DTH service providers from 6 per cent to 10 per cent and the excise duty on IMFL liquor.

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