https://www.taxtmi.com/news?id=36470 The budget defends five guarantee schemes as strategic social investments and prioritises six development dimensions including welfare, agriculture, urban development, job creation and governance reforms. It reports fiscal aggregates and asserts that fiscal deficit and total liabilities remain within the limits mandated by the Karnataka Fiscal Responsibility Act. The statement attributes revenue shortfalls to inadequate GST compensation, non devolution of cesses and lower Fifteenth Finance Commission transfers, urges enhanced tax devolution for fiscal federalism, and announces a new Chief Minister's Infrastructure Development Programme for statewide minor irrigation, roads and urban infrastructure. en-us Fri, 07 Mar 2025 12:31:03 +0530 Fri, 07 Mar 2025 12:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36470 The budget defends five guarantee schemes as strategic social investments and prioritises six development dimensions including welfare, agriculture, urban development, job creation and governance reforms. It reports fiscal aggregates and asserts that fiscal deficit and total liabilities remain within the limits mandated by the Karnataka Fiscal Responsibility Act. The statement attributes revenue shortfalls to inadequate GST compensation, non devolution of cesses and lower Fifteenth Finance Commission transfers, urges enhanced tax devolution for fiscal federalism, and announces a new Chief Minister's Infrastructure Development Programme for statewide minor irrigation, roads and urban infrastructure. News - Fri, 07 Mar 2025 12:31:03 +0530 https://www.taxtmi.com/news?id=36470