Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: empanelment :: TDS :: list of goods taxed at 4% :: cpt
« Budget Extravaganza »
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1
 Finance Ministry may talk to EC before finalising Budget date
 Govt starts biggest ever overhaul of Budget
 How does an early budget impact you
 Welcome steps to overhaul the Budget

State Budget drafted with an eye on elections
March, 23rd 2012

The Bharatiya Janata Party government in Karnataka appears to have crafted its Rs. 1.02 lakh crore budget, presented by Chief Minister D.V. Sadananda Gowda on Wednesday, with an eye on the next Assembly elections. Several proposals in the budget are directed at building a support base among new political constituencies.

Of course, being the last full-fledged budget of the BJP government, which is scheduled to face Assembly elections in May 2013, the budget was expected to be a please-all one. It has indeed lived up to these expectations.

This is most evident in the allocations for different communities. The one proposal that stands out is the allocation of Rs. 1,000 crore, the highest so far, to the backward communities.

Battered by infighting and a series of corruption scams involving its leaders,

The BJP, which is at present heavily dependent on the support of the dominant community of Lingayats, would like to make inroads into the support base of the backward classes spread across the State.

There is a conscious attempt to address Dalit concerns by increasing allocations for their welfare and waiving their agricultural loans.

The increase in salaries of the 5.50 lakh government employees is also an ambitious move as the party is keen to build goodwill among its employees.

Even the huge allocation of Rs. 5,500 crore for the development of Bangalore city is seen as an attempt to consolidate the party's position in the city as 27 Assembly constituencies of the total 224 in the State fall within the city.

Offering interest-free short-term crop loans to farmers is an ambitious scheme that the party can use productively in their election campaign.

Sources in the BJP said that the intention of the party was to make maximum political gains for the party through the budget.

There is a strategy involved in wooing certain communities and sections that can help change our political fortunes, a BJP source said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions