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.
- To reduce fuel price, government looks at ONGC to share the burden
- Karnataka Assembly elections: From BSY to Siddaramaiah, the land of milk and money
- Across the aisle: The one-trick pony in Delhi
- Across the aisle: Southern flames may scald the nation
- South vs North development debate: Many old issues and some new data
- Karnataka budget: Siddaramaiah woos Dalits, OBCs with populist schemes; VAT on liquor removed
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.