BELAGAVI FRIDAY JULY 06, 2018 `6.00 PAGES 18 LATE CITY EDITION FARM LOAN WILL BE WAIVED, BUT CONDITIONS APPLY K2 LAKH LIMIT The much-awaited farm loan waiver has come with expected riders of a cap on the debt limit ■ B34,000 cr WHAT THE SCHEME WON’T COVER All crop loans up to K2 lakh will be waived. Loans availed on or after April 1, 2009, till Dec 31, 2017 from all nationalised banks, regional rural banks, private banks and primary cooperative credit societies, farmer service cooperative societies and Kisan credit card are eligible for the waiver ■ Crop loans granted to legal entities other than individual farmers, elected representatives, state and central government employees will not be eligible for the waiver. Gold loans, loans taken from companies, loans given to Income Tax payers with more than K4 lakh assessable income THE WAIVER IS ESTIMATED TO COST THE STATE EXCHEQUER CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI CM KEEPS WORD, MAKES YOU PAY Sops for farmers, care for senior citizens, shock for general class; tax hike on petrol, liquor AMIT BANDRE E X P R E S S N E W S S E R V I C E @ Bengaluru E D U C AT I O N I N D U S T R Y ■ 28,847 government and ■ ‘Compete with China’ scheme ■ English medium classes to ■ Kalaburagi district will be aided schools to be shut due to inadequate strength to increase employment opportunities be introduced in Govt primary schools ■ ICB manufacturing unit at Mysuru Primary, High School and PU college buildings A G R I C U LT U R E ■ Free-of-cost rice given under SOCIAL WELFARE Anna Bhagya scheme cut from 7kg to 5kg per person ■ K25 crore for Brahmin ■ Israeli model irrigation facility to be replicated in dry lands in several districts Mahasabha ■ Coaching centre for SC,STs candidates appearing for UPSC/KPSC exams ■ Proposal to constitute Karnataka State Farmers Advisory Committee to find solutions to the problems of farmers ■ K25 crore for mutts of OBCs BENGALURU ■ 6 interconnected elevated corridors at a cost ofK15,825 cr ■ K2,800 crore for 72.1 km long Metro Phase-II project ■ K50 crore for rejuvenation of Bellandur lake INSIDE SAYING ‘TATA’ Nano car to be reborn in green avatar? EXPRESS NEWS SERVICE @ Mumbai/Delhi IT’S unofficial, but the world’s cheapest car, Tata Nano, appears to be on the road of no return, with production slimming down to just one car last month. Its makers Tata Motors, which exported none, but managed to sell a piffling three Nanos back home last month, however, did not make any formal announcement on stopping the production line yet. Reports also indicate that the home-grown version of the ‘people’s car’ will re-introduced as an electric car in the quarters to come. In a late evening disclosure to bourses on Wednesday Tata Mo, tors disclosed that there have been no exports of Nano in June, as against 25 units that it shipped during the corresponding period last year. Likewise, in terms of production, only one unit was produced last month as against 275 units a year before. BUDGET BURDEN ON MIDDLE CLASS P4 Thanks to the impact of the political compulsions and resource constraints, the farm loan waiver comes with a maximum limit of Rs 2 lakh and a long list of 15 conditions that exclude government servants and Income Tax assessees from availing the waiver. The promise on Rs6,000 per month allowance for pregnant women for 6 months and Rs8,000 per month promise for senior citizens has been trimmed to Rs1,000 per month with an assurance of annual increase over the next 5 years to touch the amount promised initially . The compulsions of resource crunch has forced Kumaraswamy to even trim former chief minister Siddaramaiah’s pet programme ‘Anna Bhagya’. Making an attempt to prove his commitment for the development of Bengaluru, the CM promises to build 6 elevated corridors to address the commuting woes of Bengalureans with an initial allocation of Rs1,000cr. IF there were any doubts about the regional imbalance in the JD(S)-Congress government, Thursday’s budget announcements by H D Kumaraswamy confirmed that. Kumaraswamy’s first budget doled out schemes after schemes for South Karnataka districts, including Bengaluru, but left North and Coastal Karnataka largely out. In his attempt to defend what experts consider a partisan budget, Kumaraswamy said all schemes announced by former Chief Minister Siddaramaiah in his last budget in February this year would be taken forward -- an argument that neither the opposition nor people of North Karnataka are willing to buy . Ramanagara district, a JD(S) stronghold which elected Kumaraswamy to the assembly from two seats, gets a new medical college, a 300-bed super speciality hospital at a cost of Rs 40 crore, and a film university for which the government will provide a capital of Rs 30 crore, besides a few other schemes. Hassan gets a 450-bed hospital, Rs 50 crore for a mega dairy Rs 70 , HOLISTIC APPROACH FOR FARM SECTOR NEEDED P5 crore for a drinking water plan, Rs 36 crore for roads, bridges and parks and some other allocations. Mandya, which was swept by the JD(S) in the assembly election, gets Rs 30 crore to upgrade Mandya Medical Sciences Institute, Rs 42 crore for drinking water projects in Srirangapatna, Rs 30 crore to fill water in tanks and Rs 50 crore for all-round development. Mysuru, Chamarajnagar, Chikkaballapur, Bengaluru Rural and Urban and Tumakuru district too figure prominently in Kumaraswamy’s scheme of things. Kumaraswamy’s cabinet has already come under massive fire for being South People of my region have given me 37 seats, thanks to which I am in a position where I can take tough decisions like the farm loan waiver. I have barely given projects worth Rs 200-300 crore to the region and there is hullaballoo over it. H D Kumaraswamy, Chief Minister 28K GOVT SCHOOLS TO BE SHUT DOWN P6 HDK PITCHES MAKE IN K’TAKA PLAN Karnataka-dominated and Vokkaligaheavy (10 out of 27 ministers are from the community). “People of my region have given me 37 seats, thanks to which I am in a position where I can take tough decisions like the farm loan waiver. I have barely given projects worth Rs 200-300 crore to the region and there is hullaballoo over it,” the CM said in response to the BJP calling the budget a “Haasan budget”, referring to the district which the Gowda family hails from. As much as Kumaraswamy would like to claim that the previous government’s promises would hold good, people from North Karnataka as well as coastal districts are left disappointed. So much so that legislators from the three coastal districts gheraoed Kumaraswamy inside the assembly accusing him of being unfair. “It is disappointing to see Kumaraswamy, someone who is popular among the masses in North Karnataka, give such a lopsided budget,” said Prof Harish Ramaswamy psephologist and professor of , political science at Karnatak University , Dharwad. P7 HDK TRIES TO GET IT RIGHT CASTEWISE Law panel makes an epic point, wants to legalise betting S A N A S H A K I L @ New Delhi THE battle of Mahabharat would not have taken place if gambling was regulated in that era, the Law Commission said on Thursday while recommending legalising of gambling and betting on sports. The call for legalisation of the controversial practices, however, was made with strict recommendations of regulatory checks as reported first by The New Indian Express on Decem- ber 17, last year. Making a reference to the Mahabharat, the report stated, “The argument that had gambling been regulated in the Mahabharat period, Yudhishtir could not have put his brothers and wife as stakes, perhaps Mahabharat could not have been there, is full of substance... There is merit in the argument...” The panel recommended that these activities be allowed as reg- 10% HIKE IN ENGG FEE, 8% FOR MEDICAL AND DENTAL The fees for undergraduate professional courses has been finally fixed with a 10% hike for engineering and 8% increase for medical and dental courses. The decision was taken during a meeting on Thursday chaired by higher education minister G T Devegowda. This is the budget of two brothers and by announcing schemes specific to their strongholds the chief minister has insulted the people of the state B S Yeddyurappa, BJP state president Regional bias adds fuel to N Karnataka anger A N U S H A R A V I @ Bengaluru developed as Bharath Solar District ■ K150 crore to repair Government SHOWCASING the political will in the face of stiff challenges, Chief Minister H D Kumaraswamy has announced Rs 34,000cr farm loan waiver in his maiden budget presented on Thursday The flag. ship programme of JD(S) to woo the rural masses, however, is set to pinch the general class as the Chief Minister seeks to mobilise the resources needed by imposing additional tax on petrol, diesel, liquor, electricity and Motor Vehicle tax on private service vehicles. The budget proposals would come into effect from August 1. Liquor prices across all the categories have been hiked by 4%, this is in addition to the 8% hike effected by Siddaramaiah in his February 16 budget. The tax rate on petrol has been raised from the present 30% to 32% and that on Diesel would go up from 19% to 21%.The house- hold energy bills too would see a upward spiral as the tax on energy consumed has been raised from existing 6% to 9%. The budget also proposes to increase Motor Vehicle tax by 50% on private service vehicles. The Chief Minister also proposes to borrow Rs47,134cr to deliver on his budget promises, which takes total debt burden of the state to Rs2,92,220cr. The Rs 2,18,488cr budget is a clear reflection of the political compulsions of Kumaraswamy heading a coalition government with Congress support in the backdrop of genuine doubts about its survival beyond the 2019 Lok Sabha polls. The Chief Minister has shown the urgency to incorporate all major promises of his party in his very first budget, though he had repeatedly stated that he had 5 years to act on them. These include monthly allowance for pregnant women and senior citizens. ulated activities taxable under the direct and indirect tax regimes and used as a source for attracting foreign direct investment (FDI). T h e re p o r t titled ‘Framework: Gambling and Sports Betting including Cricket in India’, which was submitted to the government, suggested making the entire operation a cashless transaction with mandatory application of PAN (Permanent Ac- Two categories The commission recommended classifying gambling into two categories: ‘Proper gambling’ and ‘small gambling’. The former would involve high stakes and be feasible only for rich. Poorer groups would be permitted ‘small gambling’ count Number) and Aadhaar to curb any chances of money laundering. The commission also pro- posed a number of changes in the law for regulating betting and generating tax revenues from it. “Parliament may also enact a model law for regulating gambling that may be adopted by the states or in the alternative, Parliament may legislate in exercise of its powers under Articles 249 or 252 of the Constitution. In case legislation is made under Article 252, states other than the consenting ones will be free to adopt the same,” the report stated. Banks score win as UK court rules in their favour A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya, who is fighting extradition to India on fraud and money laundering charges worth nearly `9,000 crore. The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon’s properties in Hert- fordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based. However, it is not an instruction to enter, which means the banks have the option to use the order as one of the means to recover estimated funds of around 1.145 billion pounds. “The High Court Enforcement Officer, including any enforcement agents acting under his authority may en, Siddaramaiah, chief of Coordination committee Development and growth is our only agenda for the budget. CongressJD(S) government will continue all efforts to build Nava Karnataka Parameshwara, Dy CM PRESS INTAKE Punjab AAP MLA springs surprise , takes dope test | P9 Dress code row: U-turn after PMO call | P9 UK-Russia tensions soar over fresh Novichok case | P13 FIXTURES MALLYA SAGA A G E N C I E S @ London P7 All programmes announced by me in the previous budget will continue. Both Congress and JD(S) have agreed for the farm loan waiver ter Ladywalk, Queen Hoo Lane, Tewin, Welwyn’ and Bramble Lodge, Queen Hoo Lane, Tewin, Welwyn, including all outbuildings of Ladywalk and Bramble Lodge to search for and take control of goods belonging to the First Defendant ( M a l l y a ) , ” n o t e s the order by Justice Byran, dated June 26. “The High Court Enforcement Officer, including any Enforcement Agent acting under his authority may use reason, able force to enter the Property if necessary it states. ,” Quarterfinal 1 @ 7.30pm France vs Uruguay Quarterfinal 2 @ 11.30pm Brazil vs Belgium
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