Bengaluru: Karnataka's tax collection up 11% in 6 months reaches Rs 75634 crore


Bengaluru, Oct 23 (IANS): Karnataka's tax collection went up 11 per cent in six months from April to September to Rs 75,634-crore, Chief Minister H.D. Kumaraswamy said on Tuesday.

"Taxes to the tune of Rs 75,634-crore were collected till the end of September, which is 11 per cent more than the same period of the previous fiscal," Kumaraswamy told reporters here on the occasion of the Janata-Dal-Secular (JD-S)-Congress coalition government completing 150 days in office.

After forming a post-poll alliance with Congress, JD-S leader Kumaraswamy took the chief minister's office on May 23, and presented his maiden budget on July 5, as he also holds the finance portfolio.

However, a total of 38 per cent budget expenditure was made by the coalition government during its term so far, of the state's estimated total expenditure of Rs 2,18,488-crore for the fiscal 2018-19.

The Chief Minister claimed that the coalition government, which had committed to waiving farm loans to the tune of Rs 43,448-crore from state-run nationalised banks and state co-operative banks, has also begun the process of obtaining the details of the loans obtained by 10 lakh farmers.

"Information will be obtained from farmers as well. Loan details obtained will be verified with the data," he added.

The loan waiver will not affect other programmes as the state government has alternative resource mobilisation mechanism, the Chief Minister asserted.

Ordinance on the Debt Relief Act-2018 is awaiting President Ram Nath Kovind's approval, he said.

The Debt Relief Act-2018 has been formulated to protect interests of small farmers, agricultural labourers, small vendors and the poor from being harassed by money lenders.

"The President as well as Union Home Minister Rajnath Singh were briefed about the provisions of the Act and were requested to approve it," Kumaraswamy said.

After the state's Kodagu district was affected by floods in August, the state has released Rs 127-crore so far for rehab works in the district, he stated.

The Chief Minister's Relief Fund has received Rs 187.16-crore donations from public for the flood-hit district's relief so far. Bengaluru-based Infosys Foundation had contributed Rs 25-crore aid to the district, Kumaraswamy said.

"Kodagu Reconstruction Authority is being formed under the chairmanship of the Chief Minister to rebuild houses," he added.

Initiatives have also been taken by the state to provide scholarships online to 56.69 lakh students belonging to Scheduled Castes (SC), Scheduled Tribes (STs) and other backward classes, the Chief Minister said.

 

  

Top Stories

Comment on this article

  • Satya, Mangalore

    Wed, Oct 24 2018

    95% of the government officials are corrupt. Excise, Drugs Dept, and RTO are dens of corruption and are almost mafia like and they fear none. Crack down on these departments and the collection will double. That is for sure. The policy adopted against officials in these departments is guilty until proven innocent and not the other ay around.

    DisAgree Agree [6] Reply Report Abuse

  • pradeep naik, mangalore

    Wed, Oct 24 2018

    Jai ho kumaranna, best CM .HDK hardworking, humble, simple compassionate person.

    DisAgree [8] Agree [4] Reply Report Abuse

  • MN, Mangalore

    Wed, Oct 24 2018

    IT department works for India, and all citizens of India file their Income tax return to IT Department again working under government of India. Those who disagree, I don't know, where they file theit income returns, if at all they are filing their income returns.
    If there is increased IT filing ( Yes there is throughout the country as per IT department press release), that indicate either those who were not filing their income, started filing now onwards ( which is again good for any country ) or economical growth is achieved or Both of them.
    On broader note, its welcome sign and must congratulate the people responsible, irrespective of Political Party they belongs to.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Rathan, Mangalore

    Wed, Oct 24 2018

    So now all chaddiless agree that economy is improving even though there was demonetization and GST. All sickulars were shout g from roof top no business, no employment etc etc if that was the case how the tax collection inproved?

    DisAgree [4] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 24 2018

    Hello,
    We are referring to HDK's Karnataka & not your FEKU's India ...

    DisAgree [14] Agree [5] Reply Report Abuse

  • grao, mangalore

    Wed, Oct 24 2018

    Tax collection improved because of Central govt's change in tax policy, there is no efforts by state govt.
    And state govts should bind with it.

    Now HDK & Jossey is trying boast themselves.

    DisAgree [2] Agree [10] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Oct 24 2018

    Good development indeed which speaks volumes about the efficiency of tax department.

    DisAgree [4] Agree [6] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 24 2018

    These numbers would still be better if Rafael Contract was awarded to HAL, Bangalore ...

    DisAgree [14] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 24 2018

    H.D. Kumaraswamy is not a FEKU ...

    DisAgree [14] Agree [11] Reply Report Abuse

  • ca girishkk, m'love/dxb

    Wed, Oct 24 2018

    Let nobody complain that these numbers are FEKU...

    DisAgree [8] Agree [5] Reply Report Abuse


Leave a Comment

Title: Bengaluru: Karnataka's tax collection up 11% in 6 months reaches Rs 75634 crore



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.