Karnataka Budget 2018 Highlights: Farmer loan waived off, fuel prices to be hiked

Updated: Thursday, July 5, 2018, 14:22 [IST]

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]

Karnataka Budget 2018 LIVE: CM HD Kumaraswamy announces Rs 34,000 cr farm loan waiver

Here are the Highlights:

Jul 05, 2018, 2:22 PM IST

It's a misconception that budget is limited to Hassan, says HD Kumaraswamy

Jul 05, 2018, 1:56 PM IST

Former CM Jagadish Shettar says, allocation for all departments have been drastically cut, North Karnataka totally neglected

Jul 05, 2018, 1:55 PM IST

Reacting to the budget, BJP MLA R Ashoka says, the budget is only for Hassan, other parts of Karnataka neglected

Jul 05, 2018, 1:54 PM IST

Karnataka CM HD Kumaraswamy presented budget 2018-19 in Vidhana Soudha

Jul 05, 2018, 1:30 PM IST

450 bed capacities will be given to new hospitals in the medical colleges of Koppal, Gadag, Hassan and Chamarajanagar districts.

Jul 05, 2018, 1:29 PM IST

Rs 350 crore allotted for Chief Minister Matrushri Scheme

Jul 05, 2018, 1:00 PM IST

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.

Jul 05, 2018, 1:00 PM IST

Kayaka scheme: Loan of up to Rs 10 lakh to enhance skill development and entrepreneurship skills in SHGs on cluster model or individually

Jul 05, 2018, 12:59 PM IST

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

Jul 05, 2018, 12:59 PM IST

Rs 10 Cr allocated for chemical waste treatment plant at Peenya Industrial zone Bengaluru

Jul 05, 2018, 12:53 PM IST

Pregnant women from BPL families to get Rs 1,000 aid per month

Jul 05, 2018, 12:52 PM IST

Rs 25Cr set aside for Karnataka Brahmin Development Board

Jul 05, 2018, 12:52 PM IST

Rs 190 crore for a scheme to safeguard interests of coconut growers

Jul 05, 2018, 12:33 PM IST

100 charging units for electric vehicle to be set up at a cost of Rs 4 cr.

Jul 05, 2018, 12:33 PM IST

50% motor vehicle tax proposed for private service vehicle

Jul 05, 2018, 12:24 PM IST

CM allocates Rs 1000 crore for Phase 3 Namma Metro in Bengaluru

Jul 05, 2018, 12:23 PM IST

Rs 100 crore has been allotted to BMTC

Jul 05, 2018, 12:22 PM IST

Rs 30 cr allocated for film university in Ramanagara

Jul 05, 2018, 12:22 PM IST

Quantity of rice provided by the government for families drops from 7kgs to 5kgs.

Jul 05, 2018, 12:21 PM IST

#KarnatakaBudget | Karnataka govt announces farm loan waiver of Rs 34,000 cr; tax on liquor raised by 4%

Jul 05, 2018, 12:17 PM IST

CM announces Rs 25 cr financial aid to various religious mutts in Budget

Jul 05, 2018, 12:10 PM IST

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.

Jul 05, 2018, 12:10 PM IST

CM announces six elevated corridors in Bengaluru

Jul 05, 2018, 12:08 PM IST

Action will be taken by govt to issue clearance certificate by waiving arrears

Jul 05, 2018, 12:06 PM IST

Rs 4,957 Cr earmarked for water supply and sewage disposal

Jul 05, 2018, 12:03 PM IST

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

Jul 05, 2018, 12:00 PM IST

Rs 50 crore have been allocated for Bellandur lake rejuvenation

Jul 05, 2018, 11:59 AM IST

4,263 new buses to be bought for the use of public transportation in the state

Jul 05, 2018, 11:59 AM IST

Govt has decided to continue & extend the program of Indira Canteen in Bangalore and all the District Centres

Jul 05, 2018, 11:55 AM IST

Excise duty increased to generate funds for farm loan waiver

Jul 05, 2018, 12:44 am IST

HD Kumaraswamy is set to present the state Budget on Thursday, the first of the Congress-Janata Dal (Secular) government.

Jul 05, 2018, 12:44 am IST

All eyes will be on the farm loan waiver package he promised in the election manifesto of the JD(S).

Jul 05, 2018, 12:46 am IST

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.

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.

This budget is an opportunity for our Govt. to make Karnataka a beacon of hope for farmers all across India.
— Rahul Gandhi (@RahulGandhi) July 4, 2018

Jul 05, 2018, 7:58 am IST

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.

Jul 05, 2018, 7:58 am IST

CM HD Kumaraswamy may continue schemes started by former CM Siddaramiah government.

Jul 05, 2018, 8:39 am IST

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.

Jul 05, 2018, 8:56 am IST

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.

Jul 05, 2018, 9:03 am IST

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.

Jul 05, 2018, 9:41 am IST

CM HD Kumaraswamy likely to present budget of Rs 2.25 lakh crore. Siddaramaiah had presented budget of Rs 2 lakh 9 thousand crore.

Jul 05, 2018, 10:25 am IST

A Cabinet meeting will be held before the budget is presented. Big announcements and sops expected.

Jul 05, 2018, 10:25 am IST

Kumaraswamy unlikely to meddle with schemes introduced by the earlier dispensation headed by Siddaramaiah.

Jul 05, 2018, 10:25 am IST

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.

Jul 05, 2018, 10:26 am IST

The coffee growers in Kodagu have warned of a wide spread agitation is excluded from the farm loan waiver.

Jul 05, 2018, 10:37 am IST

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.

Jul 05, 2018, 10:47 am IST

Budget copies being taken inside Karnataka Legislative Assembly.

#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

Jul 05, 2018, 10:48 am IST

H D Kumaraswamy has reached the Vidhan Soudha with the budget copy. He will present the budget at 11.30 am

Jul 05, 2018, 11:08 am IST

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

Jul 05, 2018, 11:10 am IST

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

Jul 05, 2018, 11:22 am IST

HD Kumaraswamy chairs cabinet meet in Vidhana Soudha ahead of budget presentation.

Jul 05, 2018, 11:29 am IST

Karnataka cabinet approves state budget for 2018-19

Jul 05, 2018, 11:30 am IST

CM HD Kumaraswamy expresses happiness over presentation of budget says he has prepared the budget with a lot of patience.

Jul 05, 2018, 11:36 am IST

CM Kumaraswamy starts addressing the Assembly

Jul 05, 2018, 11:36 am IST

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

Jul 05, 2018, 11:38 am IST

HD Kumaraswamy proposes Rs. 150 crore for BBMP to construct bridges in state

Jul 05, 2018, 11:39 am IST

Growth rate in 2016-17 was 7.5% and it increased to 8.5% in 2017-18

Jul 05, 2018, 11:39 am IST

Committed to fulfil the promises made in the JDS & Congress manifesto, says Kumarswamy

Jul 05, 2018, 11:39 am IST

500 electric buses to be deployed for public transportation in Karnataka

Jul 05, 2018, 11:43 am IST

Growth rate in 2016-17 was 7.5% and it increased to 8.5% in 2017-18

Jul 05, 2018, 11:43 am IST

We will focus on agriculture and also the services sector