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Karnataka Budget 2018 : Siddramaiah ends 4-hour long speech

By Chennabasaveshwar
Time
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With assembly elections round the corner, Karnataka Chief Minister Siddaramaiah presented four-hour long Budget on Friday. This is Congress government's last budget before the polls and Siddaramaiah's 13th as Finance Minister. Siddaramaiah began his speech after the Supreme Court verdict on Cauvery water dispute.

Karnataka chief minister Siddaramaiah in assembly. COurtesy ANI
Karnataka chief minister Siddaramaiah in assembly. COurtesy ANI

The Cabinet has decided to hold the budget session from February 16 to 28 and which is also expected to woo the electorate. Last year, the Chief Minister had presented the budget on March 15.

Since the elections are likely to be held during the last week of April or May first week, the government will hardly have a few weeks to implement budget announcements.

However, this didn't go well with BJP's BS Yeddyurappa who was his predecessor. He told Siddaramaiah, who also holds the finance portfolio, that considering the Assembly elections are due in Karnataka in April-May this year, he cannot present a full Budget.

The chief minister rejected the BJP's objections, saying it's not against the principles of the Constitution to present a full Budget in an election year. The BJP came to power on its own for the first time in 2008 but lost to the Congress after five years in the May 2013 assembly election.

Feb 16, 2018, 3:44 PM IST

Total Expenditure – Rs.2,09,181 crore out of which Revenue Expenditure is Rs.1,62,637 crore and Capital Expenditure is Rs.35,458 crore. Repayment of loan is Rs.11,086 crore.
Feb 16, 2018, 3:44 PM IST

Total Receipts - Rs.2,02,297 crore of which Rs.1,62,765 crore is Revenue Receipts, Rs.39,328 crore is Public Debt and Capital Receipts is Rs. 204 crore.
Feb 16, 2018, 3:44 PM IST

Budget size (Consolidated fund) Rs 2,09,181. crore. It is 12.12 % more than the Budge Estimate ofRs1,86,561 crore estimated for B.E. 2017-18.
Feb 16, 2018, 3:41 PM IST

Mukhyamantri Anila Bhagya to benefit 30 lakh ppl in a concrete step towards Smoke free Karnataka
Feb 16, 2018, 3:19 PM IST

Progressive steps towards building a Digital Karnataka
Feb 16, 2018, 3:10 PM IST

Encouragement to sheep and goat rearing through financial assistance from National Co-operative Development Corporation (N.C.D.C.). Establishment of 25,000 sheep and goat rearing units. Government guarantee for Rs.187.50 crore loan to be given by N.C.D.C.
Feb 16, 2018, 3:04 PM IST

New Logistics policy will soon be announced to ensure seamless movement of goods from production point to consumers. Development of a multi -modal logistic park in an area of 400 acres near Bengaluru and in an area of 50acres at Hubli.
Feb 16, 2018, 3:03 PM IST

Excise rate: CM proposes to increase the existing rates of Additional Excise Duty on IML by 8 per cent from 2nd slab to 18thslabs. The revenue target of Rs.18,750 crores fixed for the financial year 2018-19.
Feb 16, 2018, 2:59 PM IST

Opening of 25 new Morarji Desai Residential Schools, 5 pre-matric Women Hostels, 2 Model Residential Schools, 25 student hostels, 10 working women hostels, 4 B.Ed. and D.Ed. English medium, girls. Residential Colleges and Resource Centre.
Feb 16, 2018, 2:55 PM IST

CM Siddaramaiah waives off loans of all BPL families by Karnataka Khadi Board
Feb 16, 2018, 2:51 PM IST

Towards world class sub-urban rail connectivity to Namma Bengaluru, a special purpose vehicle for the project will soon be set up
Feb 16, 2018, 2:49 PM IST

Digitisation of records and documents of Gram Panchayats on pilot basis at a cost of Rs.5 crore.
Feb 16, 2018, 2:18 PM IST

Skilled Karnataka is the new Karnataka
Feb 16, 2018, 2:14 PM IST

The front part of Karnataka Bhavan-1, New Delhi will be demolished and a new Bhavan will be constructed in the next two years at cost of Rs.30 crore.
Feb 16, 2018, 2:12 PM IST

It is decided to implement a scheme to waive off the loan of upto one lakh rupees taken by a farmer member from a primary agricultural credit co-operative society on his death. The expenses under the scheme will be met under the co-partnership of Apex Bank and DCC Bank.
Feb 16, 2018, 2:10 PM IST

Formation of Basava Research centre in Mysuru University announced
Feb 16, 2018, 2:06 PM IST

New scheme:Rs.70 crore, Rs. 55 crore and Rs. 25 crore will be provided to Malnad Development Board, Bayaluseeme Development Board and Karavali Area Development Board respectively.
Feb 16, 2018, 2:03 PM IST

‘Live Silk Museum’ will be established in Channapatana for the development of tourism in state
Feb 16, 2018, 2:02 PM IST

247 Indira Canteens to be set up in all districts and taluks of the state
Feb 16, 2018, 2:01 PM IST

Priority in sanctioning loan and subsidy under Land Purchase and Ganga Kalyana schemes to landless Devadasis identified by Women and Child Development Department.
Feb 16, 2018, 1:54 PM IST

State to support central government’s UDAAN scheme by reducing tax on jet fuel by 5 per cent: Siddaramaiah
Feb 16, 2018, 1:54 PM IST

CM Siddaramaiah announces Rs 5-lakh insurance coverage for state journalists under 'Madhyama Sanjeevini scheme'
Feb 16, 2018, 1:30 PM IST

Information Technology: To promote startups establishment of an Incubation Center in Kalaburagi in association with the Deshpande Foundation at a cost of Rs.5 crore.
Feb 16, 2018, 1:27 PM IST

Revenue Department: A system, “E-Kshana” launched to issue caste, income and residence certificate online and over the counter immediately; Extension of the same in all areas of the State including urban areas.
Feb 16, 2018, 1:26 PM IST

For the comprehensive development of Bengaluru City preparatory works relating to the action plans at an expenditure of Rs.2,500 crore.
Feb 16, 2018, 1:21 PM IST

In a major thrust to higher education for girls, GoK will provide free education to girls studying in PUC, degree &PG courses in govt colleges, with a budgetary allocation of Rs. 95 cr for 2018-19. 3.7 lakh girl students to benefit.
Feb 16, 2018, 1:19 PM IST

Housing: Goal of construction of 20 lakh houses during the next 5 years in rural and urban areas.
Feb 16, 2018, 1:18 PM IST

Minorities Welfare, Haj & Wakf: A new scheme to provide loan and subsidy under the Professional Incentive Scheme of Minority Development Corporation in collaboration with banks at a cost of Rs.30 crore.
Feb 16, 2018, 1:16 PM IST

Social Welfare: Reservation of 25 per cent seats for Backward Classes and Minority Students in SC/ST Post-matric Hostels to develop secular and competitive spirit among college students
Feb 16, 2018, 1:15 PM IST

Commencement of 250 new Anganwadi Centers in urban areas at a cost of Rs. 17.50 crore. Rs.10 crore grant to set up 100 mobile Anganwadi Centers/Crèches in areas of working of construction labourers to take care of their children.
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