Section

Karnataka: CM Siddaramaiah urges Centre to ensure fair tax devolution

By Business Standard - yesterday
Karnataka Chief Minister Siddaramaiah on Friday underlined the need for justice in the devolution of taxes. He said no one should milk a milch cow completely, or else the calf would be malnourished. Addressing people on the occasion of the 69th state formation day at Sree Kanteerava Stadium here, Siddaramaiah said there is injustice happening to Karnataka. The state is contributing more than Rs four lakh crore as revenue to the Centre and it is the second largest contributor to the Central tax revenue after Maharashtra, he pointed out. "Even though we give more than Rs four lakh crore, we are only getting Rs 55,000 crore to Rs 60,000 crore. Kannadigas should know this. We are getting 14 to 15 per cent only of our contribution," the chief minister said. Under the federal system, there should not be any injustice just because Karnataka is a progressive state, he observed. "Just because a milch cow is giving milk, we should not milk it completely. We should leave some milk for the c

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.