Karnataka would see a revenue shortfall of at least 30% of its annual estimates of around Rs600 crore, says minister BENGALURU : Kota Srinivas Pujari, Karnataka's minister for Muzrai, fisheries, ports and inland department on Monday said that the two month-long lockdown due to covid-19, would see a revenue shortfall of at least 30% of its annual estimates of around ₹600 crore. "In a year, we see revenue of around ₹550-600 crore and the lockdown in April and May will see a shortfall of around 30%," Pujari said.
His statements come at a time when the fund crunch in Karnataka is getting severe due to reduction in state's share in central taxes, pending dues in goods and services taxes and the impact on the economy due to the 70-day nationwide