Karnataka CM indicates at reducing State taxes on fuel

Karnataka CM indicates at reducing State taxes on fuel

Agency News

Bengaluru, Sep 11: Karnataka Chief Minister H D Kumaraswamy today indicated that he would consider bringing down the State tax on petroleum products after discussing the issue with Finance Department officials.

Speaking to reporters here on Tuesday after his return from Delhi where he met Prime Minister Narendra Modi and sought Central aid to take up rehabilitation and reconstruction of flood ravaged districts in Karnataka, he said he would soon come out with a decision on bringing down the state taxes on petrol and diesel.

'I will discuss the pros and cons on how we can bring down the state levies on the motor fuel. Anyway the Union Government has ruled out bringing the central taxes on motor fuel. BJP leader B S Yeddyurappa has also given me the advice to bring down the state taxes. I should respect his feelings even if the union government is not responding. Soon I will take a decision,' Mr Kumaraswamy who also holds the Finance Portfolio, said.

Meanwhile, the Chief Minister said he had met Modi and appraised him of the devastation in Kodagu and coastal districts due to heavy rains, floods and landslides that caused huge losses to the state. 'The Prime Minister has responded to send a central assessment team and the team is arriving tonight. We have asked for a central grant of Rs 2000 crore to take up relief measures. Let us see how the centre responds,' he added.

To a question about banks sending notices to farmers who are unable to return the farm loans despite the State government announcing loan waiver scheme, he said the government had already instructed the bank officials not to do so and said the government was ready to fulfill the repayment assurance to all the banks including PSU and Commercial banks as per the package announced by it. (UNI)