Karnataka Budget 2018-19:
12:22: Annabhagya scheme: Quantity of rice cut from 7 kg to 5 kg
12:20: Education: Rs 26581 cr; Water resources: Rs 18142 cr; Urban development: Rs 17727 cr; Energy: Rs 14499 cr; Social Welfare: Rs 14123 cr; PWD: Rs 10200 cr
12:13: Rs 15825 crore for six elevated corridors across Bengaluru
12:11: HDK allots Rs 25 cr for various Mutts across the state
12:07: Rs 30 cr for film university in Ramanagara
12:05: ‘I have decided to limit the loan amount to Rs 2 lakhs’- HDK
K’taka budget: Kumaraswamy announces Rs 34,000 Cr farm loan waiver
Chief Minister HD Kumaraswamy will present his maiden budget today.
Amid high hopes of farm loan waiver, Karnataka Chief Minister H D Kumaraswamy will present the maiden budget of the Congress-JD(S) coalition government’s today.
During the election campaign, the Kumaraswamy-led JD(S) had promised to waive farm loans borrowed both from cooperative and nationalised banks within 24 hours of coming to power.
However, financial and economic experts and several government officials have expressed concern over the likely impact of loan waiver on the state’s finances. It will be interesting to see how Kumaraswamy, who has in the past claimed that he is not an expert on the economy, will strike a balance between loan waiver, flagship schemes of the previous government, new schemes or programmes if any, as also infrastructure needs of the state.
Here are the LIVE updates of the Karnataka Budget 2018:
11:47 am: Karnataka Chief Minister HD Kumaraswamy presents the government’s first budget at Vidhana Soudha.
10:50 am: “It is a new experience for me as a finance minister. I have taken up this as a challenge to give a surplus budget,” said Karnataka CM H D Kumaraswamy before presenting the government’s first budget.
10:48 am: Budget copies being taken inside the Karnataka Legislative Assembly. Chief Minister HD Kumaraswamy will present the government’s first budget.
