<p>Welcoming the amount allocated towards replacement of defective pipes, he said: “This is an important step towards reducing water leakage.” <br /><br />The sum of Rs 425 crores provided to 110 villages newly added to BBMP will give a major thrust towards providing amenities in these places, he added. <br />A considerable sum is also allocated towards the Second Phase of Cauvery Drinking Water Supply Stage IV. “The exact sum would be informed to us shortly,” he said. <br />Meanwhile, here is good news for those who opted to delay installing Rain Water Harvesting structures. To motivate public to opt for RWH structures, the stamp and registration duty on loans availed to install RWH units has been done away with.<br />Elaborating on the details, Inspector General of Stamps and Registration department, K R Niranjan said that the loan applicants for RWH units had to pay 0.25 per cent towards stamp duty and one per cent towards registration fee out of the total loan availed. <br />“The exemption granted is bound to offer relief to those opting for the units,” he said.<br />DH News Service<br /><br />“The price hike in commodities is going to have a significant impact. People are more worried about the hike in the price of essential commodities rather than an increase in their salary package.”<br />Rakesh, a retail stores owner. <br /><br />“From the utilitarian perspective the hike in VAT is simply not reasonable. We had the increase in the VAT rates sometime three years ago and as recently as last week, the Centre increased the tax rates on quite a few commodities.” <br />Abhay Srinivasan, a HR personnel in a MNC<br />“Whatever the Centre has done, the State is extending it. This would see us spend more on commodities.” <br />Caleb David, a Corporate Communication executive.<br /><br />“While the budget statements sound interesting, there is a immediate need to ensure that transparency is installed in the system in spending of funds. There has been time and again allocation for drainage systems and storm water drains in the State budget. But nobody knows where it has been spent,”<br />Doris Raj-D’Souza, a civic <br />activist. <br /><br />“While there is a urgent need to ensure that Rs 20,000 cr is earmarked for the civic amenities for the City, it needs to be implemented in a phased manner. It has been allocating money every year. But it seems that the government has been keeping funds as a eye wash. They need to be used.” <br />Kathyayni Chamraj, CIVIC member. <br />“The middle class dream of owning a car has become much more expensive. I was planning to buy a new four-wheeler and but the increase in motor vehicle tax has stunned me. The dream of every common man to buy a car in the City will vanish soon. <br />Subash Chandra Rao, lecturer <br /><br />“The increase in tax for two-wheelers will affect those from the poor and middle classes going to work on long routes. “The tax hike for four wheelers is okay, because only people with good salary can afford this. We cannot rely on the buses,” <br />Kempanna, artist.</p>
<p>Welcoming the amount allocated towards replacement of defective pipes, he said: “This is an important step towards reducing water leakage.” <br /><br />The sum of Rs 425 crores provided to 110 villages newly added to BBMP will give a major thrust towards providing amenities in these places, he added. <br />A considerable sum is also allocated towards the Second Phase of Cauvery Drinking Water Supply Stage IV. “The exact sum would be informed to us shortly,” he said. <br />Meanwhile, here is good news for those who opted to delay installing Rain Water Harvesting structures. To motivate public to opt for RWH structures, the stamp and registration duty on loans availed to install RWH units has been done away with.<br />Elaborating on the details, Inspector General of Stamps and Registration department, K R Niranjan said that the loan applicants for RWH units had to pay 0.25 per cent towards stamp duty and one per cent towards registration fee out of the total loan availed. <br />“The exemption granted is bound to offer relief to those opting for the units,” he said.<br />DH News Service<br /><br />“The price hike in commodities is going to have a significant impact. People are more worried about the hike in the price of essential commodities rather than an increase in their salary package.”<br />Rakesh, a retail stores owner. <br /><br />“From the utilitarian perspective the hike in VAT is simply not reasonable. We had the increase in the VAT rates sometime three years ago and as recently as last week, the Centre increased the tax rates on quite a few commodities.” <br />Abhay Srinivasan, a HR personnel in a MNC<br />“Whatever the Centre has done, the State is extending it. This would see us spend more on commodities.” <br />Caleb David, a Corporate Communication executive.<br /><br />“While the budget statements sound interesting, there is a immediate need to ensure that transparency is installed in the system in spending of funds. There has been time and again allocation for drainage systems and storm water drains in the State budget. But nobody knows where it has been spent,”<br />Doris Raj-D’Souza, a civic <br />activist. <br /><br />“While there is a urgent need to ensure that Rs 20,000 cr is earmarked for the civic amenities for the City, it needs to be implemented in a phased manner. It has been allocating money every year. But it seems that the government has been keeping funds as a eye wash. They need to be used.” <br />Kathyayni Chamraj, CIVIC member. <br />“The middle class dream of owning a car has become much more expensive. I was planning to buy a new four-wheeler and but the increase in motor vehicle tax has stunned me. The dream of every common man to buy a car in the City will vanish soon. <br />Subash Chandra Rao, lecturer <br /><br />“The increase in tax for two-wheelers will affect those from the poor and middle classes going to work on long routes. “The tax hike for four wheelers is okay, because only people with good salary can afford this. We cannot rely on the buses,” <br />Kempanna, artist.</p>