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The Latest Breaking News from Budget

Navale Balancing Reservoir continues to find mention in Budget without fund allocation

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.

The Hindu

Tourism sector in focus as museums across Karnataka set for modern uplift

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.

The Hindu

No announcement on Rahul’s promise of making Ballari ‘jeans capital of India’

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’.

The Hindu

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Kittur and Kalyana Karnataka get a fair deal in Siddaramaiah’s Budget

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 Hindu

Budget session of Karnataka legislature begins today

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.

The Hindu

After spectacular victory, Congress faces first test in 10-day Budget session starting 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…

The Hindu

State Budget size may be in the range of ₹3.3 lakh crore to ₹3.35 lakh crore: CM Siddaramaiah

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.

The Hindu

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Centre clears ₹56,415 crore to 16 States for capital investment under special assistance scheme

The Ministry of Finance has approved capital investment proposals of ₹56,415 crore for 16 States in the current financial year under a special assistance scheme announced in the Budget.

The Hindu

National learns lesson from 'boot camps' with new policy

National's new criminal sentencing policy offers up longer sentences for offenders, better rehabilitation and more cash for victims.

Newsroom.co.nz

Meeting of legal and constitutional experts will be convened after Budget session: Siddaramaiah

The Congress government will not provide reservations recklessly, Chief Minister Siddaramaiah on Friday said and added that he would consult legal experts on the issue of providing 2A reservation under the backward classes category for Panchamasalis and bringing the community under the Central OBC list.

The Hindu

NSS presents ₹144.25-crore Budget with focus on health services, colleges

The annual Budget of the Nair Service Society (NSS) presented on Saturday by general secretary G. Sukumaran Nair provides for an income and expenditure of ₹144.25 crore.

The Hindu

Commission mafia will be controlled to revive Karnataka's financial health: CM Siddaramaiah

Chief Minister Siddaramaiah met a delegation of contractors led by KSCA President D. Kempanna in Bengaluru on June 23 and promised that following the Budget session, he would convene a meeting of Finance Department and BBMP officials to sort out the pending bills issue.

The Hindu

Brandon Johnson not taking Lori Lightfoot’s word on city finances

With his financial team now in place, the new mayor will do his own forecast and hold several community meetings next month. His predecessor’s “midyear” budget forecast in April claimed an $85 million shortfall — among the lowest in recent Chicago history.

Chicago Sun-Times

Experts suggest hiking entertainment tax and other measures to mop up revenue for implementing five guarantees

As the Congress government in Karnataka has begun implementing its five guarantees promised in the party’s poll manifesto, experts in different fields have suggested increasing the entertainment tax, much of which comes from the well-off, and increasing non-tax revenue, largely in the form of user charges for services, for meeting…

The Hindu

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Irish Mirror

Micheál Martin vows help's on the way for cash-strapped mortgage holders - but not until Budget time

Homeowners have been hit with another hammer blow of an interest rates hike, but Tanaiste Micheal Martin has promised help is soon coming

Newsroom.co.nz

Why the crossbenches are a minority sport

All smaller political parties seek to be in a position of influence, ideally through coalitions or support agreements – but there are risks

Roll Call

Omar elevated to No. 2 slot among House Budget Democrats - Roll Call

Rep. Ilhan Omar, who was booted off the House Foreign Affairs Committee earlier this year, won a consolation prize Wednesday.

Newsroom.co.nz

Alzheimers NZ calls for urgent cash injection

The situation for people living with dementia is becoming increasingly hopeless with most people not able to get the help and support they so desperately need, Alzheimers New Zealand has warned government ministers.

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Irish Mirror

Paschal Donohoe 'expects' cost-of-living measures may be needed in October's Budget

Following a stark warning that the Government must stick to spending rules in the Budget, Public Expenditure Minister Paschal Donohoe indicated that some cost-of-living measures may be required

Newsroom.co.nz

Luxon's infrastructure pledges don't mention climate

National’s five-point infrastructure plan contains some familiar elements.

The Hindu

Data | Parliament functioning registers a new low

The 17th Lok Sabha could be the shortest full-term Lok Sabha since 1952

The Hindu

Top news developments in Karnataka on June 2, 2023

Here are the key news stories to watch out for from Karnataka and Bengaluru on June 2, 2023

The Hindu

All eyes on Cabinet meeting today over modalities of ‘guarantees’

The State Cabinet is meeting on Friday amid expectations on a decision to implement the five pre-poll ‘guarantees’ given by the Congress. While the Finance Department on Wednesday provided multiple options to implement these guarantees through a presentation to the Council of Ministers, the final contours would be known on…

ABC News

Claims Defence's 'core funding' slipping while Australia continues purchasing military equipment overseas

New budget analysis finds the Australian Defence Force is receiving less "core funding" than before the last election, with parliament this week set to also scrutinise recent controversial overseas military spending decisions.

Irish Mirror

Budget row rumbles on as Fianna Fáil minister accuses Fine Gael of 'throwing out figures'

Despite the fact that the Budget is not scheduled to take place until October, the row between Fianna Fáil and Fine Gael looks set to continue this week

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