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Karnataka Budget [2009 - 2010] Overview

 
Tax Related Highlights
 
Increase in tax collection in 2008-09 expected to be 10.7%. Total revenue from Commercial Taxes during 2009-10 expected to be Rs. 25125 crores. Tax exemption on food grains and pulses extended for one more year. Tax on tamarind and soap-nut reduced to 2%. Tax on coconuts, copra and desiccated coconut powder reduced to 2%. Tax on arecanut reduced to 2%. Tax exemption on 75000 kilo liters of diesel sold to fishermen. Persons with monthly salaries upto Rs. 10000/- exempt from tax.
Budget Speech
 
The Government of Bharathiya Janatha Party which came to power on May 30, 2008 on the aspirations of the people of Karnataka has entered 9th month in power. People aspiring for a stable government have brought stability by giving more seats in the bye-elections. This is a strong proof of the fact that the people have approved of the Government’s policies and programmes. This mandate has been received for stability and development. The government has been greatly strengthened by this. I assure the people of the State that their mandate will be utilized by making honest efforts for increasing the expanse and speed of development.
 
Budget Highlights
 
Emphasis on Agriculture and allied activities, Rural Development, Water resources, Power, Roads, Urban development and Education. Rs.2, 440 Crore has been earmarked for Agriculture and allied activities. Rs.3, 063 Crore earmarked for Rural Development. Rs.4, 714 Crore provided for Irrigation works. Budget provision has been enhanced to Rs.6, 107 Crore for Power Sector, both in plan and non-plan. Rs.1, 327 Crore earmarked for transport sector. Rs.7, 376 Crore (approx.) for Urban Development including Bangalore city. Rs.8, 888 Crore will be spent for education sector.
 
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