GST rate cut must benefit people, not increase profits of big corporates: Siddaramaiah

Chief Minister Siddaramaiah welcomed the GST rate cuts but urged the Centre to ensure the benefits reach the people, not just corporations. He criticized the Modi government for the delayed acceptance of reforms, claiming it caused hardship. Karnataka anticipates a revenue loss of 15,000-20,000 crore due to the cuts but supports the move for public welfare.