KCCI calls it an eco-agri budget

[email protected] (The Hindu)
March 1, 2011

budget

Mangalore, March 1: The Union Budget has evoked mixed reaction from industry representatives here.

G.G. Mohandas Prabhu, president, Kanara Chamber of Commerce and Industry (KCCI), said that the Union Budget was an “eco-agri” budget. Its emphasis on agriculture and focus on cold chains was a far-sighted thought made by Union Finance Minister Pranab Mukherjee. The concessions to electric vehicles (EVs) would limit country's dependence on fossil fuels.

The Central Excise rates had been maintained, which was welcome. Industry circles expected an increase. However, nothing had been mentioned about tax, he said. About 130 items had been brought under the Central Excise (of a nominal 1 per cent). Implementation of direct taxes from April 2012 and the tabling in Parliament of the Goods and Services Tax (GST) Bill was welcome. The budget could have been more liberal on Income Tax, he said. The fiscal deficit of 4.6 per cent of the GDP indicated a robust economy.

B. Madhava, secretary, Dakshina Kannada district unit of the CPI(M), welcomed the doubling of the “miserably-low” salary of “anganwadi” workers. Connecting the wages of those working within the National Rural Employment Guarantee Scheme (NREGA) to the consumer price index was welcome, he said.

The Income Tax exemption for the middle classes and the proposal to reduce eligibility age for pension from 65 to 60 were good initiatives, he said.

But the budget was insensitive to the problems of the common man, according to him.

The Finance Minister's speech expressed concern over price rise but said nothing about controlling it. Strengthening of PDS was assured by political parties (that 35 kg of rice at the rate of Rs. 2 per kg would be given to each nuclear family) but never implemented, he said.

B.A. Nazeer, president, Kanara Small Industries' Association (KSIA), Baikampady, welcomed the implementation of Direct Tax Code (DTC) from April 1, 2012, and the introduction of Goods and Services Tax (GST) Constitution Amendment Bill in the present session of Parliament.

The proposal to enhance IT exemption limit by Rs. 20,000 was marginal compared to the high inflation rate. Excise duty could have been reduced to 8 per cent to stimulate the manufacturing sector particularly SSIs.

The SSIs' demand of increasing Central Excise limit to Rs. 3 crore had been ignored. No encouragement to SSI sector had been proposed, he said.


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News Network
November 18,2024

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Mangaluru: A 14-year-old boy, Subodh, tragically lost his life after being struck by lightning while sitting outside his home in Kedila village, Bantwal taluk, on Sunday evening.

The incident occurred around 5:30 PM while Subodh, an 8th-grade student at Kalladka Shriram High School, was seated outside his house. Lightning struck him, leaving him unconscious. 

Family members rushed him to a nearby clinic and later to a private hospital in Puttur, where doctors confirmed his death upon arrival.

The boy's body was sent to Puttur Government Hospital for a post-mortem.

Tahsildar Archana Bhat has directed revenue officials to assist the grieving family. Vitla Revenue Inspector Prashanth Shetty, Village Administrative Officer Anil Kumar, Kedila Panchayat President Harish Valtaje, and panchayat members visited the family to offer their condolences and support.

This heartbreaking incident highlights the unpredictability of nature’s fury, leaving a community mourning the untimely loss of a young life.

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News Network
November 11,2024

Udupi, Nov 11: A traveller reportedly lost ₹4.1 lakh after attempting to book a cab online in Udupi. 

At around 1:30 PM on November 7, the man from West Bengal searched for car rentals on Google and selected a website named "Shakti Car Rentals." Shortly after, he was contacted by someone claiming to be "Rohit Sharma," who directed him to pay a registration fee of ₹150 on the site.

After unsuccessful payment attempts via both his Canara Bank debit card and SBI credit card (without receiving an OTP), "Rohit Sharma" instructed him to pay the driver directly. But at 1:47 PM, he received messages showing deductions of ₹3.3 lakh from his SBI credit card and ₹80,056 from his Canara Bank debit card, totaling ₹4.1 lakh.

The complainant alleges fraud through a deceptive link disguised as a booking token fee. A case has been registered at Udupi Town Police Station.

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News Network
November 13,2024

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Bengaluru: An estimated overall 10.14 per cent voter turnout was recorded during the first two hours, since the voting began for bypolls to three Assembly segments in Karnataka on Wednesday, election officials said.

The voting began at 7 am and will go on till 6 pm.

More than seven lakh voters are eligible to cast their votes in about 770 polling stations in Shiggaon, Sandur and Channapatna, where a total of 45 candidates are in the fray.

While Channapatna recorded 10.34 per cent voter turnout till 9 am, it was 10.08 per cent in Shiggaon, and 9.99 per cent in Sandur, election officials said.

Voters, including women and elderly were seen queuing up in front of polling booths in these segments.

By-polls for Sandur, Shiggaon, and Channapatna are necessitated, as the seats fell vacant following the election of their respective representatives -- E Tukaram of Congress, former CM Basavaraj Bommai of BJP, and Union Minister H D Kumaraswamy of JD(S) -- to Lok Sabha in May elections.

As many as 31 candidates are in the fray from Channapatna, while Sandur and Shiggaon have six and eight contenders, respectively.

Elaborate security arrangements have been made in the three segments for the smooth conduct of the polls.

The by-polls will witness a straight fight between the ruling Congress and BJP in Sandur and Shiggaon segments, while in Channapatna, JD(S) which is part of the NDA alliance is in contest against the grand old party.

Among the three segments, Channapatna is considered to be a "high profile", where the contest is between C P Yogeeshwara, a five time MLA from the segment and former Minister, who joined the Congress quitting BJP ahead of nomination, and actor-turned -politician Nikhil Kumaraswamy, who is Kumaraswamy’s son and former PM H D Deve Gowda's grandson.

BJP's Bharath Bommai, son of Basavaraj Bommai, is fighting Congress Yasir Ahmed Khan Pathan, who had faced defeat against the former Chief Minister in the 2023 Assembly polls, in Shiggaon.

Bharath Bommai and his father cast their vote at a polling booth in Shiggaon segment.

In Sandur, Bellary MP Tukaram's wife E Annapurna of Congress is contesting from the seat vacated by her husband, against, BJP ST Morcha president Bangaru Hanumanthu, who is considered close to party leader and former mining barron G Janardhan Reddy.

Annapurna, Tukaram and other family members cast their votes at a booth in the segment.

With Nikhil Kumaraswamy and Bharath Bommai contesting, the third generation of Gowda and Bommai families are in the fray in this by-poll. Both their fathers and grandfathers have served as Karnataka's Chief Ministers in the past.

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