As on July 5, 2018, Karnataka Budget has been presented by Karnataka CM HD Kumaraswamy in which many things have been changed. With CM HD Kumaraswamy announcing a partial farmer loan waive of ₹ 34,000 crores which will benefit those farmers whose borrowings are less than ₹ 2 lakhs.
But for those who enjoy a drink or too don’t be surprised this weekend when you celebrate with Alco- Beverages and get a bill in which the cost may differ than on last Weekend. As there will be an additional increase on Excise Tax by 4% on liquor. Other than this there will also be an increase in the rate of Petrol by ₹1.14/liter and Diesel will be increased by ₹1.12/ liter. There will also be increased on electricity consumption by 6% to 9%, Power tariff up 20 paise per unit. 50% motor vehicle tax proposed for a private service vehicle.
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