News headlines


UNI

Mysore, Mar 18: Former Karnataka Deputy Chief Minister and Congress leader Siddaramaiah on Sunday termed the State budget as ''directionless, full of false promises and lacking in vision.''

Addressing mediapersons here, he said the budget was election oriented with an eye on the coming local body polls and ''imminent mid-term elections to the State Assembly''. Being the first budget of the eleventh five-year plan, the budget needed to plan for the economic growth as was mentioned in the 11th Plan Period by the Planning Commission.

Criticising the budget for having no vision to increase food production, which was just 80 lakh metric tonnes as against the target of 114 lakh metric tonnes, Mr Siddaramaiah said the allocation for irrigation was Rs 3,100 crore, less by Rs 1,000 crore compared to the previous year. The budget was also found lacking in housing schemes and infrastracture sector.

About the waiver of short-term farm loans taken from cooperative banks, he said the budgetary allocation for the purpose was only Rs 500 crore out of the total required Rs 1,500 crore. He demanded that the entire amount be provided to the cooperative banks immediately.

Though the budget mentioned about Rs 1,471 crore for implementing the recommendations of the Nanjundappa Committee on removing regional imbalance in the State, funds have not been allocated for the same in the budget.

  

Top Stories


Leave a Comment

Title: News headlines



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.