With focus on agrarian economy, Karnataka Chief Minister H D Kumaraswamy Friday proposed allocation of Rs 12,650 crore in the state 2019-2020 budget for the Congress-JDS coalition government's flagship crop loan waiver scheme. However, Yeddyurappa, who is the leader of opposition in the assembly, dismissed it as "fake" and a "concocted story." During his coalition government's first budget Kumaraswamy, fulfilling his pre-election promise, had last year announced Rs 46,000 crore waiver of crop loans borrowed by nearly 42 lakh farmers. "I propose to increase additional excise duty on Beer from 150 per cent to 175 per cent, additional excise duty on draught beer from 115 per cent to 150 per cent, excise duty onbeer manufactured in Micro Brewery from existing Rs 5 per Bulk litre (BL) to Rs 10 per BL, and additional excise duty from existing Rs 12.50 per BL to Rs 25 per BL," Kumaraswamy said. In this background, our government has proposed to consider the pros and cons of implementing a new crop insurance scheme," he said.

Source: dna February 08, 2019 17:03 UTC