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Karnataka Budget 2018 Highlights: Farmer loan waived off, fuel prices to be hiked
Bengaluru, July 5: Karnataka Chief Minister HD Kumaraswamy presented the first budget of his Congress-JD(S) coalition government in the Vidhana Soudha on Thursday. He announced farm loan wavier amounting to Rs 34,000 crore in its budget. The previous waiver had cost the state exchequer Rs 8,165 crore.
[Karnataka budget 2018: What gets cheaper and whats more expensive]
Here are the Highlights:
It's a misconception that budget is limited to Hassan, says HD Kumaraswamy
Former CM Jagadish Shettar says, allocation for all departments have been drastically cut, North Karnataka totally neglected
Reacting to the budget, BJP MLA R Ashoka says, the budget is only for Hassan, other parts of Karnataka neglected
Karnataka CM HD Kumaraswamy presented budget 2018-19 in Vidhana Soudha
450 bed capacities will be given to new hospitals in the medical colleges of Koppal, Gadag, Hassan and Chamarajanagar districts.
Rs 350 crore allotted for Chief Minister Matrushri Scheme
Pregnant women to get Rs 1,000 aid from 6th month to 12th month. Pregnant women entitled to get benefits only for first two kids.
Kayaka scheme: Loan of up to Rs 10 lakh to enhance skill development and entrepreneurship skills in SHGs on cluster model or individually
Israel model of irrigation to be adopted across 5000 hectares each in Karwar, Tumakuru, Yadgir and Haveri districts at a cost of Rs 150 crore
Rs 10 Cr allocated for chemical waste treatment plant at Peenya Industrial zone Bengaluru
Pregnant women from BPL families to get Rs 1,000 aid per month
Rs 25Cr set aside for Karnataka Brahmin Development Board
Rs 190 crore for a scheme to safeguard interests of coconut growers
100 charging units for electric vehicle to be set up at a cost of Rs 4 cr.
50% motor vehicle tax proposed for private service vehicle
CM allocates Rs 1000 crore for Phase 3 Namma Metro in Bengaluru
Rs 100 crore has been allotted to BMTC
Rs 30 cr allocated for film university in Ramanagara
Quantity of rice provided by the government for families drops from 7kgs to 5kgs.
#KarnatakaBudget | Karnataka govt announces farm loan waiver of Rs 34,000 cr; tax on liquor raised by 4%
CM announces Rs 25 cr financial aid to various religious mutts in Budget
CM also says they will begin the controversial Mekedatu project if they get permission. The Ktaka govt wants to build a reservoir across Cauvery near Mekedatu in Kanakapura taluk to get water to Bengaluru.
CM announces six elevated corridors in Bengaluru
Action will be taken by govt to issue clearance certificate by waiving arrears
Rs 4,957 Cr earmarked for water supply and sewage disposal
I have decided to waive all defaulted crop loans of farmers up to 31 Dec 2017 in the first stage. Farmers who repaid the loan within time,as an encouragement to the non defaulting farmers, I have decided to credit the repaid loan amount or Rs 25000 whichever is less: Karnataka CM
Rs 50 crore have been allocated for Bellandur lake rejuvenation
4,263 new buses to be bought for the use of public transportation in the state
Govt has decided to continue & extend the program of Indira Canteen in Bangalore and all the District Centres
Excise duty increased to generate funds for farm loan waiver
Petrol fare hiked by Rs 1.14, Diesel by Rs 1.12; Power tariff up 20 paise per unit.
Kumaraswamy announces the farm loan waiver up to Rs 2 Lakh
CM HD Kumaraswamy proposes 4% tax hike on liquor in the budget.
Government hospitals in 30 districts at Karnataka receive MRI and CT scan machines
Rs 150 crore for agriculture development based on Israel model
HDKumaraswamy vows to continue Siddaramaiah's 'bhagya' schemes.
CM HD Kumaraswamy announces Rs 34,000 crore farm loan waiver in the budget.
We will focus on agriculture and also the services sector
Growth rate in 2016-17 was 7.5% and it increased to 8.5% in 2017-18
500 electric buses to be deployed for public transportation in Karnataka
Committed to fulfil the promises made in the JDS & Congress manifesto, says Kumarswamy
Growth rate in 2016-17 was 7.5% and it increased to 8.5% in 2017-18
HD Kumaraswamy proposes Rs. 150 crore for BBMP to construct bridges in state
The coalition government has the major responsibility of waiving farm loans and we have begun gathering the required funds for it. We have begun cutting down on unnecessary spending: CM Kumaraswamy
CM Kumaraswamy starts addressing the Assembly
CM HD Kumaraswamy expresses happiness over presentation of budget says he has prepared the budget with a lot of patience.
Karnataka cabinet approves state budget for 2018-19
HD Kumaraswamy chairs cabinet meet in Vidhana Soudha ahead of budget presentation.
Don't have any astrologer who has me told me this. I'm waiting for a house to be allotted that's why I am travelling this distance to work everyday, says HD Revanna, Karnataka Min & son of former PM HD Deve Gowda on travelling more than 300 kms each day from Holenarasipura to Vidhan Souda
It is a new experience for me as a finance minister. I have taken up this as a challenge to give a surplus budget, says Karnataka CM HD Kumaraswamy before presenting the government's first budget
H D Kumaraswamy has reached the Vidhan Soudha with the budget copy. He will present the budget at 11.30 am
#Visuals from Bengaluru: Budget copies being taken inside #Karnataka Legislative Assembly. Chief Minister HD Kumaraswamy will present the government's first budget. pic.twitter.com/WFXvjI9eOi
— ANI (@ANI) July 5, 2018
Budget copies being taken inside Karnataka Legislative Assembly.
Opposition leader BS Yeddyurappa says CM has made huge promises during polls. He added HD Kumaraswamy had promised to waive off loans in 24 hours but he is yet to do it.
The coffee growers in Kodagu have warned of a wide spread agitation is excluded from the farm loan waiver.
The budget will be presented at 11.30 am. There is some astrology behind this time. It was Kumaraswamy’s brother H D Revanna who suggested this time as he believes in astrology.
Kumaraswamy unlikely to meddle with schemes introduced by the earlier dispensation headed by Siddaramaiah.
A Cabinet meeting will be held before the budget is presented. Big announcements and sops expected.
CM HD Kumaraswamy likely to present budget of Rs 2.25 lakh crore. Siddaramaiah had presented budget of Rs 2 lakh 9 thousand crore.
CM HD Kumaraswamy likely to announce farm loan waiver to the tune of Rs 30,000 crore in a phased manner. Rs 8,000 cr to 9,000 crore farmers' loans likely to be waived every year.
Kumaraswamy reportedly met senior officials at a private hotel on Race Course Road, Bengaluru. HD DeveGowda too met CM last night and gave suggestions to CM regarding budget.
Former Chief Minister and Coordination committee chief Siddaramaiah, who held the finance portfolio in the previous government, had recently said there was no need for a fresh budget and insisted that a supplementary budget would do.
CM HD Kumaraswamy may continue schemes started by former CM Siddaramiah government.
BJP's farmers' wing to stage protests in all district & taluk centres if government fails to announce farmers' loan waiver in the budget. BS Yeddyurappa to take decision on protest after budget presentation.
On the eve of the Karnataka Budget, I’m confident our Congress-JDS coalition Govt will act on our commitment to waive farmer loans & to make farming more profitable.
— Rahul Gandhi (@RahulGandhi) July 4, 2018
This budget is an opportunity for our Govt. to make Karnataka a beacon of hope for farmers all across India.
Ahead of the budget, Congress party president Rahul Gandhi exhumed confidence that the budget by the Congress-JDS coalition government would waive farmer loans and make farming more profitable as a profession.
All eyes will be on the farm loan waiver package he promised in the election manifesto of the JD(S).
HD Kumaraswamy is set to present the state Budget on Thursday, the first of the Congress-Janata Dal (Secular) government.
