Siddaramiah Reveals Populist Schemes, Removes VAT On Liquor In Karnataka Budget

In his last full budget before the state goes to polls in 2018, Karnataka chief minister Siddaramaiah stuck to his socialist credentials and pulled out a slew of populist measures directed at the Congress vote base of backward castes, dalits and minorities. Measures ranging from free laptops for students gaining admission to engineering and medical colleges, compensations for the deaths of cattle and livestock, removal of interest on loans given to women self help groups by co-operative banks, introduction of “Namma canteens” in Bengaluru on the lines of Amma canteens in Tamil Nadu to provide food at low cost, providing eggs two days in a week to all children in anganwadis have all been announced newly in the budget. Agriculture loans upto Rs three lakh will remain interest free and loans up to Rs 10 lakh will be given at a three percent rate of interest. The state has however removed Value Added Tax on liquor with effect from April 1 but has increased additional excise duty in some slabs for Indian liquor.

[jwplayer Dv2qUcrb-xe0BVfqu] In his last full budget before the state goes to polls in 2018, Karnataka chief minister Siddaramaiah stuck to his socialist credentials and pulled out a slew of populist measures directed at the Congress vote base of backward castes, dalits and minorities. Measures ranging from free laptops for students gaining admission to engineering and medical colleges, compensations for the deaths of cattle and livestock, removal of interest on loans given to women self help groups by co-operative banks, introduction of “Namma canteens” in Bengaluru on the lines of Amma canteens in Tamil Nadu to provide food at low cost, providing eggs two days in a week to all children in anganwadis have all been announced newly in the budget. Agriculture loans upto Rs three lakh will remain interest free and loans up to Rs 10 lakh will be given at a three percent rate of interest. The state has however removed Value Added Tax on liquor with effect from April 1 but has increased additional excise duty in some slabs for Indian liquor.