Karnataka for higher tax on luxury goods as Covid hits revenue

News Network
August 28, 2020
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Yediyurappa

Bengaluru, Aug 27: Cash-starved Karnataka on Thursday urged the Central government to increase GST on luxury goods to make up for the revenue shortfall caused by the Covid-19 pandemic, an official said on Thursday.

"State Home Minister Basavaraj Bommai, who represents Karnataka in the GST Council and participated in its 41st meeting through video conferencing on Thursday, told Union Finance Minister Nirmala Sitharaman to put more tax on luxury goods, tobacoo and pan masala for increasing the revenue and compensating states like Karnataka, which have been hit by the pandemic," a finance department official said.

Admitting that the Covid-induced lockdown since March 25 and its extension till May 31 impacted revenue collection due to subdued economy and continued restrictions on a number of tax generating activities, Bommai said the state would miss the revenue target of Rs 1.8 lakh crore set for this fiscal (2020-21).

"With the war on containing the pandemic costing the state heavily, the Centre has to compensate us to make up for the revenue shortfall from lower tax collection in Covid times," Bommai told the Finance Minister, who is a Rajya Sabha member from the southern state.

Though Chief Minister B.S. Yediyurappa also holds the finance portfolio and presented the state budget for this fiscal in the Assembly on March 5, he could not attend the GST Council meet as he is resting after recovering from Covid-19 earler this month.

Goods and Service Tax (GST) compensation for the state since April is Rs 13,764 crore, and its collection in the first four months was 71.61 per cent.

"The Centre should borrow more to compensate the state, which is reeling under financial crisis due to Covid disrupting life, livelihood and the economy and causing untold hardship since mid-March," Bommai said.

A special cess is levied on the highest tax slab of 28 per cent on luxury goods to compensate the states for the revenue loss due to the GST subsuming state's taxes and local levies.

"A reduced share in Central taxes, delay in GST compensation and loss of revenue due to the Covid-19 lockdown have pushed the state into financial stress," added the official, citing the minister.

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News Network
January 14,2025

Udupi: Karnataka Kreedakoota-2025, a sports event organised by the Youth Empowerment and Sports Department, Karnataka Olympic Association, and the District Administration, will be held in Udupi and Dakshina Kannada districts from January 17 to January 23.

The event will feature 1,373 athletes participating in a variety of sports, including kayaking, canoeing, archery, cycling, wrestling, boxing, hockey, lawn tennis, table tennis, Kabaddi, Judo, and athletics.

Deputy Commissioner Vidya Kumari K addressed a press conference on Monday, providing details about the events in Udupi and Dakshina Kannada.

According to her, while volleyball, basketball, and swimming competitions will take place in Dakshina Kannada, events like kayaking and canoeing will be held in Brahmavara’s Swarna River, and archery will take place at the MJC Ground in Manipal.

Marena Sports Complex in Manipal will host lawn tennis and table tennis matches, she added.

The opening ceremony will take place on January 17 in Mangaluru and Chief Minister Siddaramaiah will be inaugurating the event.

The closing ceremony will be held in Udupi on January 23, with Governor Thaawarchand Gehlot and Home Minister G Parameshwar attending.

The district administration, in collaboration with Manipal Academy of Higher Education (MAHE), Manipal, has made provisions for accommodation and food for the participants, said the DC.

She also said the synthetic track at the Mahatma Gandhi District Stadium in Ajjarakad is undergoing repair work after its 10-year durability period ended in 2023, to provide athletes better infrastructure.

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News Network
January 9,2025

Udupi: In a shocking case of cyber fraud, a 38-year-old woman from Karkala in Udupi district, has reportedly lost Rs 24 lakh to a digital arrest scam. The victim, Preema Sheril D'Souza, fell prey to a fraudulent scheme orchestrated through fake calls and threats.

According to the complaint filed, the incident unfolded on Tuesday when Preema received a call at 12:30 pm from an individual claiming to represent the Delhi Telecom Department. The caller alleged that another SIM card had been purchased using her Aadhaar number and was being used for illegal activities in Uttar Pradesh, leading to multiple cases being registered against her.

To add credibility to the scam, the caller arranged a video call where a person dressed as a police officer introduced himself as a CBI official. This individual instructed her to cooperate with the "investigation" and warned her not to disclose the matter to anyone. The scammer also issued threats, claiming that harm would come to her husband and child if she failed to comply.

Under duress, Preema was coerced into sharing her bank account details and transferring a staggering Rs 24 lakh to accounts specified by the fraudsters. She transferred Rs 14 lakh to an account in Federal Bank and Rs 10 lakh to an account in Yes Bank via RTGS from her Fixed Deposit account. The threats of an arrest warrant further pressured her into complying with the scammers' demands.

Upon realizing the fraud, she reported the incident to the authorities. A case has since been registered at the Karkala Rural Police Station, and investigations are underway.

This incident serves as a critical reminder to stay vigilant against such scams. Individuals are advised to verify the identity of callers and refrain from sharing sensitive information or transferring money without proper authentication. If you encounter similar fraudulent activities, report them immediately to the police or cybercrime cell.

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News Network
January 16,2025

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Mumbai: In a shocking incident that has shaken Mumbai, actor Saif Ali Khan was stabbed six times in his residence in Bandra, one of the city’s most affluent areas. Sources in the police revealed that the attacker is suspected to have ties to one of the house helps, who reportedly facilitated the intruder's entry into the actor’s home. The house help is currently under police questioning.

The 54-year-old actor, who sustained one stab wound dangerously close to his spine, underwent surgery at Lilavati Hospital and is now reportedly out of danger.

Mumbai Police, under scrutiny after the audacious attack, stated, "An unidentified person intruded in the residence of actor Saif Ali Khan. The actor and the intruder had a scuffle. The actor is injured and is being treated. Investigation is going on."

CCTV footage at the actor’s residence did not show any unauthorized entry in the two hours leading up to the incident, leading investigators to believe that the attacker had gained access earlier and was waiting for the right moment to strike. Efforts are underway to identify the culprit from available CCTV footage.

Opposition Slams Government on Law and Order

The attack has sparked widespread criticism of Maharashtra’s law and order situation, with the Opposition targeting Chief Minister Devendra Fadnavis and his government. Shiv Sena (UBT) MP Priyanka Chaturvedi questioned Mumbai’s safety standards, particularly in Bandra, an area known for its high concentration of celebrities.

“What a shame that Mumbai sees another high-profile attack. The incident involving Saif Ali Khan raises serious questions about the safety provided by Mumbai Police and the Home Minister,” said Ms. Chaturvedi. She also referenced the murder of veteran politician Baba Siddique and the firing outside actor Salman Khan's home, calling it a series of deliberate attacks aimed at undermining Mumbai’s security.

“Baba Siddique’s family is still waiting for justice. Salman Khan lives in a bulletproof house. Now Saif Ali Khan is attacked—all in Bandra. If celebrities aren’t safe, who in Mumbai is? Wishing Saif Ali Khan a speedy recovery,” she added.

Celebrities Demand Action

Actor Pooja Bhatt also expressed her outrage over the incident, calling for increased police presence in Bandra. Taking to social media platform X, the 52-year-old actor demanded immediate action from authorities, tagging Maharashtra Chief Minister Devendra Fadnavis, his deputies Eknath Shinde and Ajit Pawar, and minister Ashish Shelar.

“Can this lawlessness please be curbed @MumbaiPolice @CPMumbaiPolice? We need more police presence in Bandra. The city, especially the queen of the suburbs, has never felt so unsafe before,” Bhatt tweeted. She further emphasized, “We have laws, but what about order?”

The incident has not only highlighted glaring security lapses in Mumbai but has also intensified the ongoing debate about the safety of both celebrities and ordinary citizens in India’s financial capital. Investigations are ongoing as the police work to apprehend the attacker and restore confidence in the city's safety.

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