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Karnataka budget: VAT on alcohol abolished, cinema tickets to become cheaper

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Rudhran

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Karnataka Government comes out with populist schemes which includes free lap tops to Engg/Medical Students and free Gas connection, etc with a Budget which has been pegged at Rs.1,86,561/= crore


Karnataka budget: VAT on alcohol abolished, cinema tickets to become cheaper

Karnataka Chief Minister Siddaramaiah today presented his 12th budget in Bengaluru. This is the 4th budget as a chief minister of the state.

Here are the higlights of the budget


*Rice quota under 'Anna Bhagya scheme' has been increased to 7kg from 5kg
* Multiplexces to charge maximum of Rs 200 from the customers

*Govt to implement seventh pay commission recommendations for state govt employees

*Mekedatu dam project to be implemented by govt

*49 new taluks announced in 21 districts

*8 TMC treated water from Koramangala STP to be supplied to Kolar and Chikkaballapura

*25 lakh farmers in state to get 13,500 agricultural loans

*Namma Canteen' on the lines of Tamil Nadu's 'Amma Canteen' announced in the state

*Women self-help groups to run 'Saviruchi Sanchari Canteens'

*Anganawadi children to get eggs twice a week

*To support Coconut growers 'Neera policy' has been approved

*Karnataka stand first in 'Horticulture' in the year 2016

*Karnataka One Centre, on the lines on Bengaluru One to be set up in 9 districts

*6 new govt medical colleges in Karwar, Kodagu, Chamrajnagara, Bidar, and Koppala

*Additional excise on liquor abolished

*Vat on beer, wine, fenny and hard liquor has been lifted

*Cloud seeding at Rs 30 crore to tackle drought situation

*New airports to be constructed in Karwara, Madikeri and Chikkamagaluru

*Rs175 crore granted for Baahubali's Mahamastakaabhisheka in Sharavanabelagola

*Govt to construct film city in Himmavu, near Mysuru for the development of Kannada film industry

*Tax on two wheelers costing above 1lakh hiked to 18% from 12%

*New university to come up in Raichuru

*Subsidy of Rs 30,000 for purchasing LPG driven auto-rickshaws

*1.5 lakhs Engineering and Medical students to get free laptops

* Multiplex theaters should mandatorily screen Kannada and regional language films in one screen in prime time between 1.30 pm to 7.30 pm

* Road Safety Authority will be constituted, to reduce road accidents and to improve road safety.

* Free gas connection for 5 lakh poor families not covered under the Ujjvala scheme.

*Govt introduced downloadable apps to fight crime against women and children

*Second terminal at Kempegowda airport to be constructed within this year

Source: http://www.deccanherald.com/content/601468/karnataka-budget-vat-alcohol-abolished.html
 
Logic of reducing VAT on liquor is not known.

Is it to encourage drinking?.lol

Experts say that liquor will be subject to sin tax of high rate after introduction of GST which should balance the lowering of VAT.

Shares of spirit companies have not jumped much even after the annoncement
 
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