No burden of additional taxes on common people in Karnataka Budget

There will not be  burden of additional taxes on the common people. While presenting the budget for 2021-22 in the legislative Assembly on Monday Karnataka Chief Minister B S Yediyurappa said "Due to Covid-19 pandemic has caused untold miseries to the general public. I am not willing to put the burden of additional taxes on the common people," In his speech  he said, the state government levies Karnataka Sales Tax (KST) on petrol and diesel and it is already lesser compared to the other southern states.

The Chief Minister said, the Gross State Domestic Product (GSDP) has seen a fall due to lockdown for controlling the Covid-19 pandemic during the year 2020-21, and as per the initial estimation based on fixed prices the GSDP has contracted by 2.6% in comparison with that of 2019-20. He further stated that in spite of Covid and occurrence of floods in North Karnataka during 2020-21, growth of 6.4 % is observed in the agriculture sector and said however, the industrial and service sector witnessed a decline."During 2020-21 contraction in the industrial sector is 5.1% and in the service sector is 3.1%," he added. Yediyurappa also announced the allocation of Rs 7,795 crore for the development of Bengaluru in the 2021-22 budget, One of the prominent announcements was speeding up the development of the Peripheral Ring Road in Bengaluru to ease the traffic situation in the city.