The Latest Breaking News from Budget

Contrary to expectations, the much hyped “Brand Bengaluru” initiative spearheaded by Deputy Chief Minister D.K. Shivakumar, who also holds charge of the city, seems to have added little new for the city in the Karnataka Budget that Chief Minister Siddaramaiah presented on Friday, July 7.

Amidst fear of drought looming large over Karnataka, the State Budget 2023-24 presented by Chief Minister Siddaramaiah has proposed to reintroduce the erstwhile Congress government’s flagship scheme of Krishi Bhagya that seeks to turn dry-land farming into climate resilient through rainwater conservation measures.

Karnataka government has proposed construction of a new metro line of about 37 km between Hebbal and Sarjapur at an estimated cost of ₹15,000 crore. The State government will be submitting a proposal to the Union government for approval.  

For those wondering if the five guarantees the Congress offered were solely to gain electoral victory or were a part of a more definitive longer-term strategy, Chief Minister Siddaramaiah’s Budget provides a clear answer.

The Navale Balancing Reservoir, a new dam proposed to be built across River Tungabhadra near Navale village in Koppal taluk, is a permanent announcement in most Budgets presented in the last few years. However, no Budget has made any specific allocations for implementing the project.

Museums became the centres of attention of the tourism sector in the Budget. Chief Minister Siddaramaiah announced that “Karnataka Archaeological Museum and Art Gallery” will be established in Mysuru on a two-and-a-half-acre government land near Chamundi Vihar stadium to exhibit the rich art and cultural heritage of Karnataka. 

People in Ballari are understandably upset with the Budget 2023-24 presented by Chief Minister Siddaramaiah on Friday. For, it did not mention any measure to meet Congress leader Rahul Gandhi’s promise to make Ballari the ‘jeans capital of India’.

Kittur Karnataka and Kalyana Karnataka regions seem to have been given a fair deal in the Budget presented by Chief Minister Siddaramaiah on Friday, with several districts of the region being included for various projects apart from continuing and strengthening some old schemes and projects.

The ruling Congress and Opposition BJP and Janata Dal (Secular) are set for the first major showdown after the former took over the reins of power in the State as the Budget session gets under way from Monday.

After a spectacular victory in the Karnataka Legislative Assembly elections and completing over 50 days in power, the Congress government is expected to face its first test in the Budget session of the State Legislature that begins on Monday, with the Opposition getting ready with its strategy to attack the…

Indicating that about ₹59,000 crore to ₹60,000 crore is required annually to fund the five pre-poll guarantees of the Congress, Chief Minister Siddaramaiah on Monday said that the State Budget size is likely to be about ₹3.3 lakh crore to ₹3.35 lakh crore this year.