Karnataka budget makes fuel, liquor, power costly
Bengaluru, July 5: Petrol, diesel, liquor and power will soon be costly in Karnataka as the budget for 2018-19 on Thursday proposed higher levies on them to generate additional resources.
"I propose to increase tax on petrol and diesel by 2 per cent, (levy) additional excise duty on Indian made liquor brands (at) 4 per cent, tax on captive power (by) 20 paise per unit and motor vehicle tax on commercial vehicles (by) 50 per cent," Chief Minister H.D. Kumaraswamy said in his budget speech.
Presenting his maiden budget, Kumaraswamy, who holds the Finance portfolio, told the legislators that he was increasing the levies to generate more revenue and reduce the burden of Rs 34,000 crore worth crop loan waiver on the exchequer.
The 2 per cent hike in the sales tax on petrol to 32 per cent from 30 per cent will increase its price by Rs 1.14 per litre.
Similarly, 2 per cent hike in sales tax on diesel to 21 per cent from 19 per cent will increase its price by Rs 1.12 per litre.
Incidentally, the state-run oil marketing firms increased the fuel prices on Thursday due to rise in international rates and a weakening rupee.
Following the hike, petrol in Bengaluru on Thursday was Rs 76.94 per litre and diesel Rs 68.47 per litre.
The revised excise revenue target will be Rs 19,750 crore as against Rs 18,750 crore set in the provisional budget presented by the previous Chief Minister Siddaramaiah, of the Congress, on February 16 for this fiscal.
Similarly, the state will generate Rs 6,656 crore from the revised motor vehicle tax proposal.
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Thane (PTI): Maharashtra's Navi Mumbai township has seen a rise in drug related crimes with 654 such cases being registered this year compared to 475 in 2023, a senior police official said on Thursday.
The total value of contraband seized in these cases was Rs 33.27 crore against Rs 22.97 crore last year, according the official said citing the Navi Mumbai police's annual report.
As many as 939 persons were arrested in 2024 for offences under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, compared to 811 last year, he said.
Among those arrested, 58 were foreign nationals, predominantly Africans, marking a rise from 37 in 2023, the official said.
The contraband seized from foreign nationals this year was valued at Rs 25.70 crore, an increase from Rs 11.61 crore in 2023.
Among the seized drugs, cocaine accounted for the highest value at Rs 16.70 crore, a staggering increase from Rs 1.25 crore in 2023, the official said.
The police seized mephedrone (MD) valued at Rs 12.67 crore, up from Rs 9.33 crore last year, while the MDMA seizure rose to Rs 29.98 lakh from Rs 22.10 lakh in 2023, he said.
The seizures of ganja and brown sugar were also high, with the values increasing to Rs 67.83 lakh and Rs 30.10 lakh, respectively, compared to Rs 8.46 lakh and Rs 1.78 lakh last year.
Besides, LSD blots valued at Rs 33.55 lakh were also seized, an increase from Rs 19.80 lakh in 2023, while charas seizure of Rs 67.81 lakh and methadone of Rs 55,000 were newly recorded in 2024, the official said.
Conversely, some substances, such as methaqualone and tramadol, which recorded seizures valued at Rs 5.96 crore and Rs 3.64 crore, respectively, in 2023, were not confiscated this year, he said.
Similarly, no heroin was seized in 2024, compared to the contraband of Rs 33,160 seized last year, the police added.
