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Trade and industry is happy with the extension of the Karasamadhana Scheme in the State Budget.
Chief Minister HD Kumaraswamy in his budget speech said, “I had announced Karasamadhana Scheme for the arrears under the provisions of Central Sales Tax Act, 1956. Trade and industry have represented for extension of the scheme for all the arrears arising out of the enactments administered by the Commercial Taxes Department which existed before the introduction of GST. Therefore, a comprehensive Karasamadhana Scheme will be rolled out to reduce the arrears.”
Skills training
Sudhakar S Shetty, President, FKCCI said, “We had requested for Karasamadhan scheme. We are happy it has been addressed and it will help all the sectors.”
Allocation of ₹5 crore for the establishment of State-level training centre for all workers of Department of Women and Child Welfare at Ballari and divisional level training centres at Mysuru, Belagavi and Kalaburagi and Chitradurga in Bengaluru division will help the women in these districts in various skills which are required to earn more income.
Development of Chikkamagalur and Shivamogga airstrips under PPP model and Hassan new airport will attract more tourists to these places but speedy completion of these projects is more important since it is pending many years now.
“Helping of Startups in Bengaluru City by strengthening the incubation centre is a welcome move since Bengaluru is one of the leaders in start-ups,” said Shetty.
‘Please all Budget’
Bangalore Chamber of Industry and Commerce (BCIC) termed the Budget as a ‘Please all Budget’ as it announced a slew of measures that fosters growth of farming community, rural economy and industrial development in the State.
Kishore Alva, President, BCIC & Joint President and Executive Director, Adani Udupi Power Corporation Ltd, welcoming the Budget, said, “The Chief Minister has done an excellent balancing act by addressing issues related to the farming community, rural masses and the industry by announcing several schemes in the budget 2019-20 which will support overall economic development of the State.”
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