Karnataka Budget 2010-11: 1000 ITIs in rural areas

Bangalore, Mar 5: Karnataka Chief Minister BS Yeddyurappa presented the state budget 2010-11 in the assembly on Friday, Mar 5.

The following are the highlights of the budget:

• 1000 new Industrial Training Institutes (ITI) to be opened under Public Private Pratnership (PPP )in rural areas.
• Sanskrit University in Bangalore
• Rs 25 cr for improving roads in Coorg
• Rs 425 cr to develop new areas under BBMP
• Rs 250 cr for widening of all state highways
• 4 lane highway between Hubli - Dharwad at the cost of Rs 50 cr
• Better drainage system promised for Bangalore
• 1 per cent Hike in VAT from the next Financial year
• Rs 2 cr allotted for Solar Lamp subsidy
• Industrial Export center at Mysore
• Rs 3000 cr for development of roads and flyovers in Bangalore
• 13 pc Tax on vehicles priced above 5 Lakhs
• 15 pc Tax on Tobacco products
• Rs 15,440 crores for Steel Zone in Bellary
• Toll of Rs 500 on heavy goods vehicles entering the state
• Life time tax on two wheelers raised from 8 per cent to 10 per cent

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