{"id":7574,"date":"2024-06-14T03:12:18","date_gmt":"2024-06-14T03:12:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7574"},"modified":"2024-06-14T03:12:18","modified_gmt":"2024-06-14T03:12:18","slug":"bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/","title":{"rendered":"BS Yediyurappa may leave tax rates unchanged in new budget"},"content":{"rendered":"<p>Chief ministerBS Yediyurappais under pressure to fill a large revenue gap in the states finances, but he is unlikely to raise taxes in the forthcoming budget.<\/p>\n<p>The government, experts say, should instead focus on generating more revenue from non-tax sources such as asset monetisation and leverage an additional borrowing window provided by the Centre.<\/p>\n<p>The government had expected tax revenues of more than Rs 1.1 lakh crore in 2020-21, but it is likely to miss the target by at least Rs 5,000 crore because of the economic disruption triggered by the pandemic. Revenue from commercial taxes and duties on liquor sales has improved strongly, but stamp &amp; registration duty and motor vehicle tax collections have lagged.<\/p>\n<p>Karnataka has limited scope to alter taxes <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n    <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>             <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> in the GST regime. It can propose rates for only commodities such as petroleum products and liquor, apart from property and vehicle registration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief ministerBS Yediyurappais under pressure to fill a large revenue gap in the states finances, but he is unlikely to raise taxes in the forthcoming budget. The government, experts say, should instead focus on generating more revenue from non-tax sources such as asset monetisation and leverage an additional borrowing window provided by the Centre. The &#8230; <a title=\"BS Yediyurappa may leave tax rates unchanged in new budget\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/\">Read more <span class=\"screen-reader-text\">BS Yediyurappa may leave tax rates unchanged in new budget<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[734],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BS Yediyurappa may leave tax rates unchanged in new budget - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BS Yediyurappa may leave tax rates unchanged in new budget\" \/>\n<meta property=\"og:description\" content=\"Chief ministerBS Yediyurappais under pressure to fill a large revenue gap in the states finances, but he is unlikely to raise taxes in the forthcoming budget. The government, experts say, should instead focus on generating more revenue from non-tax sources such as asset monetisation and leverage an additional borrowing window provided by the Join Our ... Read more BS Yediyurappa may leave tax rates unchanged in new budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T03:12:18+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BS Yediyurappa may leave tax rates unchanged in new budget - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/","og_locale":"en_US","og_type":"article","og_title":"BS Yediyurappa may leave tax rates unchanged in new budget","og_description":"Chief ministerBS Yediyurappais under pressure to fill a large revenue gap in the states finances, but he is unlikely to raise taxes in the forthcoming budget. The government, experts say, should instead focus on generating more revenue from non-tax sources such as asset monetisation and leverage an additional borrowing window provided by the Join Our ... Read more BS Yediyurappa may leave tax rates unchanged in new budget","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T03:12:18+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/","name":"BS Yediyurappa may leave tax rates unchanged in new budget - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T03:12:18+00:00","dateModified":"2024-06-14T03:12:18+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bs-yediyurappa-may-leave-tax-rates-unchanged-in-new-budget\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"BS Yediyurappa may leave tax rates unchanged in new budget"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7574"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7574"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7574\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}