CM H D Kumaraswamy disappoints over the budget cut in GST share
Karnataka CM H D Kumaraswamy disappointed over the Union Budget’s proposal to cut the state’s share of Goods and Services Tax (GST) in fiscal 2019-20.
‘The Budget has given a big blow to the state’s economy, reducing its share of the GST by Rs, 1600 crore for this fiscal,” he tweeted. In that series of tweets from US, where he is on a week-long private visit since June 29, the CM also said special duty of Re 1 and a road and infrastructure cess of Re 1 per liter on petrol and diesel would limit the state’s scope to increase its own value-added tax(VAT) on the transport fuels.
“Fuel price hike by the Central government hits everyone directly and indirectly,” said Kumaraswamy. He lamented that “Sitharaman, who represents Karnataka in the Rajya Sabha as a BJP member has disappointed me, as she did not announce any new project or financial aid to the state, especially the Bengaluru suburban train service for this year.”
He also tweeted that “Had great expectations from the maiden budget of FM @nsitharaman, but disappointed. Though the creation of FPOs (Farmer Producer Organisations) and Strengthening of e-NAM (Electronic National Agriculture Market) and promoting traditional industries are welcome moves, more morale-boosting programs were desirable for the farming sector”, he said.