Karnataka CM defends proposed hike in taxes on fuel

Karnataka Chief Minister B S
Yediyurappa on Thursday defended the proposed hike of three per cent in taxes on petrol and diesel, saying it was "necessary."
To streamline this, there was a necessity to increase the taxes."
Conceding that the economic slump in the country has affected the state's earnings too, the Chief Minister said he presented a budget "remaining within our limits, where we gave priority to irrigations and all other sectors."
"Rs 52,918 crore borrowing is meant only for capital expenditure. It will be spent across the department