Karnataka asks Centre to extend GST compensation period
Bengaluru, Mar 4: Chief Minister of Karnataka Basavaraj Bommai on Friday said the estimated revenue deficit of Rs 14,699 crore in 2022-23 can be minimised if the Centre agrees to the request of the State to extend the GST (goods and services tax) compensation for the next three years in view of losses incurred due to the impact of COVID-19.
After presenting the Rs 2,65,720-crore budget of the State for 2022-23, he told reporters that it was revenue surplus but due to COVID-19 it has become revenue-deficit. In view of the increased expenditure commitments with the available resources, a revenue deficit of Rs 14,699 crore is estimated in 2022-23 compared to Rs 15,134 crore in 2021-22, said the Chief Minister.
He said the government did not take the GST component into account this year.
Bommai said the State used to get a GST compensation of Rs 11,000 crore to 14,000 crore, which would stop from this year. The State would get a compensation of Rs 4,000 crore to Rs 5,000 crore till June but due to the constitutional amendment, payment of compensation, which was only for five years since 2017, would be stopped, he said.
"We have appealed to the Centre to continue it further for at least three years keeping into account the COVID-19 year. The Centre has time till June. If Centre agrees, we can minimise our revenue deficit," said the Chief Minister.
According to Bommai, the union government had permitted borrowing up to four per cent of GSDP for 2021-22. The State had budgeted a borrowing of Rs.67,100 crore in 2021-22.
However, the revenue increased and was expected to reach the budgetary targets."So, we have reduced the borrowing to Rs.63,100 crore for 2021-22 in the revised estimates," he said.
"We have budgeted total borrowings of Rs.72,000 crore for 2022-23," he said.
Bommai was confident of the State achieving the targeted excise revenue, GST revenue, non-tax revenue and stamp duty revenue for the current fiscal. However, meeting the estimated revenue from motor vehicles would not be possible as the vehicle production has come down, he added.
Speaking about infrastructure, he said the State would build infrastructure for waterways. "Besides ports, railways, airports and roads, we are for the first time focusing on waterways," he said.
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Kolhapur’s Saee Jadhav becomes first woman Territorial Army officer to pass out of IMA
Pune (PTI): Saee Jadhav from Maharashtra’s Kolhapur has become the first woman Territorial Army officer to complete pre-commissioning training at the Indian Military Academy (IMA), Dehradun, breaking the institution’s 93-year-old tradition of male-only officer training.
Chief Minister Devendra Fadnavis congratulated her and said her achievement is an inspiring milestone that gives direction to the dreams of countless young girls across the country.
Jadhav, 23, was commissioned as a Lieutenant during the Passing Out Parade of the 157th course held last week, marking a historic milestone for the IMA, which was established in 1932 and has since produced generations of Army officers.
She was commissioned into the services on December 13 during the commissioning ceremony at IMA, Dehradun.
Speaking to PTI, Saee’s father Sandip Jadhav, a serving major with the Territorial Army, said that Saee has been commissioned into the 130 Territorial Army (ecological ) battalion of Kumaon Regiment at Pithoragarh in Uttarakhand.
Saee is currently pursuing her MBA through distance learning, he said.
“While pursuing her MBA, she was also preparing for competitive exams and TA (Territorial Army). She appeared for the exam in December 2023. There was only one vacancy for a woman officer in TA and since her rank was at the top in merit, she was selected,” said Major Jadhav.
“She is now commissioned into 130 Infantry Battalion (TA) of Kumaon Regiment at Pithoragarh in Uttarakhand,” he said.
Jadhav said her daughter was inclined to join the armed forces, given the family’s armed forces background. “As parents, we feel proud that our daughter followed her dream and chose to serve the nation,” he added.
Maharashtra Chief Minister Devendra Fadnavis also congratulated “Marathi Mulgi” Saee.
“She has created history by becoming first woman officer cadet to pass out of IMA in 93 years… It is a matter of immense pride that this honour has gone to a Marathi Mulgi!,” he wrote in a post on X.
“This is not just an individual success story, but an inspiring milestone that gives direction to the dreams of countless young girls across the country. Educated and brought up in Belgaum and originally from Kolhapur, Sai represents the 4th generation of the Jadhav family to carry forward the legacy of service to the nation,” he added.
