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

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Bengaluru: The BJP on Tuesday accused the police of "framing" an innocent person in the cow attack case in Chamarajapet here and demanded a fair investigation into the incident.

Sheikh Nasru (30), a native of Champaran in Bihar, has been arrested for allegedly slashing the udders of three cows on Sunday.

The matter escalated into a communal controversy after the saffron party threatened to observe 'Black Sankranti' if the culprits were not arrested before the festival.

The party has since emphasised that the actual perpetrators must be apprehended.

Addressing media here, BJP state president B Y Vijayendra said, "There are claims that an innocent man has been falsely implicated and is being projected as the culprit."

Leader of Opposition R Ashoka also raised doubts about the investigation, questioning how a mentally unstable man could work at the firm for a decade.

Ashoka noted that the incident occurred at the veterinary hospital, which spans four acres.

He alleged that the hospital was recently declared Waqf property and claimed that Karna, the owner of the injured cattle, had opposed the Waqf Board’s decision, suggesting this opposition might have led to the incident.

The party leaders led by Vijayendra and Ashoka celebrated 'Sankranti' by offering special prayers to cows at the spot where the attack took place.

Meanwhile, state Home Minister G Parameshwara dismissed the opposition charges and said the police were investigating the case without any bias.

"If the investigation reveals the involvement of more people, then police will not spare them," he told reporters here.

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News Network
January 19,2025

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The planned ceasefire agreement between the Palestinian Hamas resistance group and Israel has taken effect after deadly strikes by the usurping regime on the Gaza Strip.

The truce deal was set to begin at 8:30 a.m. local time (06:30 GMT) on Sunday to end the 15-month-long Israeli genocidal war on the besieged territory but was delayed for almost three hours. It finally went into effect at 11:15 a.m. local time.

Earlier in the day, the Israeli military said that it continued to carry out attacks on Gaza as Hamas had not provided a list of captives to be released under the ceasefire.

Israeli army spokesman Rear Admiral Daniel Hagari said in a televised statement that the regime’s military “continues to strike within the Gaza area at this time. According to the prime minister’s directives, the ceasefire will not come into effect until Hamas fulfills its commitments.”

He echoed an earlier statement from prime minister Benjamin Netanyahu, who ordered the occupation’s military not to implement the Gaza truce until Hamas issues the names of the Israeli captives to be released.

Meanwhile, Hamas said the delay in handing over the names of the captives is due to “technical and field reasons.”

In a statement issued on Telegram, the resistance group reaffirmed its commitment to the terms of the ceasefire agreement.

Afterwards, Hamas provided a list of the three Israeli captives to be freed later on Sunday.

13 Palestinians killed during ceasefire delay

Gaza’s Civil Defense said 13 people have been killed and more than 30 others injured in the Israeli bombing of Gaza on Sunday morning during the nearly three-hour delay in the start of the ceasefire.

Gaza’s Government Media Office announced that it had begun deploying thousands of Palestinian police officers tasked with maintaining security and order in the blockaded territory.

“Ministries and government institutions are fully prepared to begin work according to the government plan [and] to implement all measures that ensure life returns to normal as soon as possible,” it added.

Israel unleashed its brutal Gaza onslaught on October 7, 2023, after Hamas carried out a historic operation against the occupying entity in retaliation for its intensified atrocities against the Palestinian people.

However, the Tel Aviv regime failed to achieve its declared objectives of freeing captives and eliminating Hamas despite killing nearly 47,000 Palestinians, mostly women and children, in Gaza.

Earlier this week, Israel was forced to agree to a ceasefire, accepting Hamas' longstanding negotiation terms.

The ceasefire deal consists of three phases, each lasting 42 days. Negotiations for the second and third phases will begin 16 days after the implementation of the first phase. 

The first phase will see the release of some 1,900 Palestinian abductees in exchange for 33 Israeli captives held in Gaza. It also requires Israeli occupation forces to begin withdrawing from the Philadelphi corridor - also known as the Salah al-Din axis - on the Gaza-Egypt border.

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News Network
January 7,2025

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New Delhi, Jan 7: Fifty-three people were killed after an earthquake of magnitude 7.1 hit Tibet near the Nepalese border today, news agency AFP said quoting Chinese media Xinhua. The tremors of the earthquake were felt in several parts of India, including Bihar, Assam and West Bengal.

The epicentre of the earthquake was in Tingri county in Shigatse city. Tingri is about 400 km southwest of Tibet's capital Lhasa and is on the border with Nepal. It is a tourism hub for those visiting Mount Everest. 

According to the National Centre for Seismology (NCS), the earthquake was recorded at 6:35 am. NCS data reveals that two more earthquakes hit the region shortly after the first one. 

The second earthquake of magnitude 4.7 was recorded at 7:02 am at a depth of 10 km and the third earthquake of magnitude 4.9 at 7:07 am at a depth of 30 km. 

Nepal is nestled in a geologically active region, where the Indian and Eurasian tectonic plates collide, forming the Himalayas and making earthquakes a frequent occurrence. In 2015, nearly 9,000 people died and more than 22,000 were injured when a 7.8-magnitude quake struck Nepal, destroying more than half a million homes.

The tremors were particularly felt in Bihar where people were seen outside their houses and apartments. There have been no reports of any damage to property because of the earthquake.

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