From Our Special Correspondent
Daijiworld Media Network
Bengaluru, Jul 7: Unveiling the Congress government's budget for the year 2023-24 within two months of coming to power in Karnataka with a comfortable majority in the State Assembly on Friday, Chief Minister Siddaramaiah reiterated the ruling party's commitment to implementing the 5 Guarantees and prioritizing farmers. He also devoted a lot of time to criticizing the previous Basavaraj Bommai government for its failures and Narendra Modi's BJP regime for gross injustice to the State in the devolution of Central funds.
"Sarvarigoo Samapalu, Sarvarigoo Samabalu" or "Equal share for all, Better life for all" is the guiding principle in all the 14 budgets presented so far. The Chief Minister, who is also holding the Finance portfolio, said he had always strived to achieve the lofty ideals of "Development and Social Justice."
The size of the annual budget, described by Siddaramaiah himself as the "Guarantee Budget" for the year 2023-24, has been enhanced to a whopping Rs 3,27,747 crore. It will be funded partly by Commercial Taxes, with an enhanced target of Rs 1,01,000 crore, Rs 36,000 crore through an increase in Excise Duty on alcohol by 20%, and Additional Excise Duty on beer from 175% to 189%. This implies that both alcohol and beer will become costlier. The budget also allocates Rs 25,000 crore from Stamps and Registration under the Revenue Department following an increase in guidance value. However, the budget estimates a revenue deficit of Rs 3,299 crore.
The Chief Minister pointed out that the previous Bommai government had fixed the annual budget size for the year 2022-23 at Rs 2,65,720 crore. This was enhanced in Bommai's budget for the current year to Rs 3,09,182 crore without ensuring sufficient resources to fund it. "It was nothing but an election-oriented budget," he said, claiming that the BJP government was fully aware of not being able to implement it. "We have still enhanced this year's budget by over Rs 18,500 crore," he added.
Dwelling at length on the government's commitment to implementing the 5 Guarantees, which played a big part in boosting the Congress party in the elections, Siddaramaiah said the total estimated cost would be Rs 52,000 annually. This includes Gruhalakshmi, which provides Rs 2,000 per month to each woman head of the family, costing Rs 30,000 crore to benefit 1.30 crore women; Gruhajyoti, which provides up to 200 units of free power per month to over 2 crore domestic electricity consumers; Anna Bhagya, which supplies 10 kgs of rice per person per month to over 4.42 crore BPL and Antyodaya card holders at a cost of Rs 10,275 crore; and the Yuva Nidhi, benefiting over 3.7 lakh unemployed graduates with Rs 3,000 per month and diploma holders with Rs 1,500 per month for 24 months.
With the government's thrust on Bengaluru and Deputy Chief Minister D K Shivakumar, who is also the Bengaluru Development Minister, emphasizing the firm resolve to build Brand Bengaluru and develop the city into an international city in keeping with its status as the knowledge capital of the country and the silicon valley of India, the budget has allocated a whopping Rs 45,000 crore for various projects.
Siddaramaiah lashed out at the previous Bommai regime for its financial indiscipline and reckless sanctioning of projects without making adequate budgetary provisions. He criticized the government for its failure to protect the State's interests in getting the necessary funds from the Centre under the devolution of funds and for not effectively fighting for a just share from the 15th Finance Commission. The Modi regime also came under fire for playing dirty politics over the supply of rice to scuttle the Congress government's flagship Anna Bhagya program. Siddaramaiah said the Modi government did not do justice to the State in the allocation of funds or the release of the funds sanctioned by the Finance Commission. Finance Minister Nirmala Sitharaman also came under attack for the gross injustice to the State despite getting elected to Rajya Sabha from the State.
Continuing the Congress party's declared position of reversing several controversial decisions implemented by the previous BJP regime, including the withdrawal of amendments to the anti-conversion law and the farm laws pertaining to the Agricultural Produce Marketing Committee Act, the National Education Policy, implemented without proper consultations with all stakeholders despite protests by all non-BJP parties, will be replaced by Karnataka's State Education Policy.
Underscoring the Congress government's thrust on women empowerment through Gruhalakshmi and Shakti guarantees targeted at women, Siddaramaiah said a total allocation of Rs 70,427 crore will be made for all women-centric programs during the year.
With the Congress party's focus on farmers, the budget has provided a wide range of incentives for farmers and the agriculture sector, along with the completion of ongoing irrigation projects. The Mekedatu project, another pet theme of the Deputy Chief Minister, will see all necessary actions taken to proceed. Clearance will be obtained from the Centre, land for compensatory afforestation will be acquired, and priority will be given to land acquisition for the project, which aims to provide drinking water.
3.14 - I will make all the necessary efforts to fully implement all the schemes and programs announced in this budget. I seek the full co-operation of all the members of this House. I am confident that I will reach the goal with all your co-operation.""I reiterate the words of Dr. B. R. Ambedkar that, "Justice is another name of liberty, equality and fraternity", and I place this budget of Justice, Equity and Guaranteed Development for consideration of the August House and seek approval for the full budget to incur expenditure up to 31st March 2024 as per the budget estimates for 2023-24," concludes CM Siddaramaiah
3.10 - The Total Revenue Receipts estimated for 2023-24 is Rs.2,38,410 crore, which includes Rs. 1,75,653 crore of Own Tax Revenue including GST compensation, Rs. 12,500 crore is anticipated from Non-Tax Revenue.--Devolution of Rs.37,252 crore and Grant in Aid of Rs. 13,005 crore is estimated to receive from the Government of India. These Revenue Receipts are estimated to be supplemented by gross borrowings of Rs.85,818 crore, non-debt capital receipts of Rs.23 crore, and recovery of loans of Rs.228 crore. The total receipts are estimated to be Rs.3,24,478 crore during 2023-24.--Total Expenditure is estimated to be Rs.3,27,747 crore which includes Revenue Expenditure at Rs. 2,50,933 crore, Capital Expenditure at Rs.54,374 crore, and loan repayment at Rs.22,441 crore - CM
3.08 - It is proposed to simplify Karnataka Motor Vehicle Tax Act by amending it.--Simplified software will be introduced for accurate verification of motor vehicle tax transactions. The current tax levied on certain vehicle categories will be revised.--The revenue collection target for the Transport Department for the year 2023-24 is fixed at Rs 11,500 crore - CM
3.05 - The guidance value of all immovable properties across the State was revised during 2018-19 and came into effect from 01-01-2019.--Due to the outbreak of the COVID-19 pandemic, the guidance value of immovable properties has not been revised to date. As there have been several physical changes in the properties, which have caused many anomalies in the guidance values of all immovable properties. In order to rectify these anomalies, the State Government will revise the guidance values for all immovable properties across the State this year.--The revenue collection target for the Stamps and Registration Department for the year 2023-24 is fixed at Rs. 25,000 crore - Siddaramaiah
3.02 - Government proposes to increase the existing rates of Additional Excise Duty on Indian Made Liquor (IML) by 20 percent on all 18 slabs as per Annexure-1. I also propose to increase the Additional Excise Duty on Beer from 175% to 185%. Even after the increase in excise rates, the price of liquor in our State would be lower when compared to the neighboring States.-- With this and effective enforcement and regulatory measures, the revenue collection target for the Excise Department for the year 2023-24 is fixed at Rs. 36,000 crore - CM
2.55 - Karnataka State has achieved highest growth rate of 21% in GST collection among the big States of the country for the first quarter for the current Financial Year. The KGST revenue collection during the first quarter of the current year is Rs. 18,962 crore.--For effective tax administration and to provide better access to Trade and Industry, four new Divisions will be made functional soon in Bengaluru and neighbouring districts. Also for large tax payers of Bengaluru, one dedicated division will be established.-- Artificial Intelligence and Machine Learning Technology is being used for data analytics and to augment revenue collection.--The revenue collection target for the Commercial Tax Department for the year 2023-24 is fixed at Rs. 1,01,000 crore - CM
2.43 - Monthly assistance given to journalists facing hardships will be increased from Rs 10,000 to Rs 12,000. And, the monthly assistance given to the family of deceased journalists will be increased from Rs 3,000 to Rs 6,000 - Siddaramaiah
2.41 - Registration of marriages was being done in the office of the Sub-Register, Simplifying this process and making it people-friendly, the provision will be made in Cauvery 2.0 for online registration and also for the submission of the applications for registration at Bapuji Seva Kendras and Grama One Centres in grama panchayats - CM
2.39 - Section 95 of the Karnataka Land Revenue Act will be amended so that people can convert agricultural land for non-agricultural purposes by way of self-declaration.--In order to enable SC/ST land grantees to appeal for restoration of land, suitable amendments will be made to the Karnataka Scheduled Castes and Scheduled Tribes (Prohibition of Transfer of Certain Lands) Act, 1978 by prescribing timeline in the Act itself.--District office complexes are being constructed to provide all government services at the district level under one roof. In the current year, ongoing construction works in Dakshina Kannada, Raichuru, Uttara Kannada, Chitradurga, Hassan and Ballari districts will be completed.-- Ongoing construction works of administrative complexes at 25 talukas will be completed this year.--The state government will take action to open petrol bunks at 100 places under Udyama Shakti' scheme in collaboration with be maintained public sector petroleum companies. These will through women self-help groups. Petroleum companies will provide capital investment for their construction. The state government will provide land for setting up petrol bunks along with training, license and such other support.--To mitigate the consequences of climate change such as flood, drought and erosion of river banks, it is proposed to undertake works in the current year at a cost of Rs. 422 crore from State Disaster Mitigation Fund.--To reduce disaster risks and strengthen fire and emergency services, it is proposed to take up works at a cost of Rs. 721 crore from National Disaster Mitigation Fund (NDMF) such as flood control in Bengaluru, landslide risk mitigation in Kodagu, Chikkamagaluru, Dakshina Kannada and Hassan districts.-- Action will be taken to mitigate the problems caused by heavy rains, strong winds and floods in the state by the installation of Doppler Weather Radar Surveillance system from the State Disaster Mitigation Fund (SDMF) - Siddaramaiah
2.30 - --Rs. 75 crore will be provided comprehensive development of the tourist destinations in Kalyana Karnataka Region such as Hampi, Mailara, Ganagapura, Sannati, and the forts of Malakheda, Bidar, Raichur, Kalaburgi.--Comprehensive development of tourist destinations of Kitturu Karnataka Region namely, the Savadatti Yellammana Gudda, Devara Gudda, Kappattha Gudda, Badami Banashankari, Lakkundi and also the Magadi Bird Sanctuary in Gadag District will be undertaken.--Coastal Beach Tourism Task Force will be formed for the development of coastal tourism in Dakshina Kannada Udupi and Uttara Kannada districts, and a detailed plan will be prepared for the comprehensive development of the coast.--In order to develop Sasihithlu beach as an international surfing destination, a program will be formulated under Public Private Partnership.--Yatri Nivas/dormitories will be constructed at different tourist places in the state under the Public Private Partnership model.-- The campus of Karnataka Exhibition Authority located in the heart of Mysuru will be upgraded on the lines of Pragathi Maidan in Delhi.-- 16 museums in the state will be developed in a phased manner to make them attractive and interactive. In the current financial year, it is contemplated to develop government museums at Kalaburagi, Gadag and Bengaluru and to transform Ananda Mahal building in Vijayapura as a museum.--As Mysuru attracts a large number of domestic and international tourists,"Karnataka Archaeological Museum and Art Gallery" will be established on the 2.5-acre department land situated near the Chamundi Vihar stadium in Mysuru to exhibit the rich art and cultural heritage of Karnataka. This will include Augmented Reality (AR) and Virtual Reality (VR) technology of international standards.-- 3D Projection, Multi-media, Sound and Light Show Program will be introduced to promote night tourism and to display the rich art, architecture and cultural heritage of Karnataka at various protected national monuments in the state such as the Vijaya Vittala temple of Hampi, Bidar Fort, Bhoganandeeshwara temple of Nandi Hills, Golgumbaz of Vijayapura, Kittur fort and Badami caves. - CM
2.25 - By leveraging Karnataka's leadership in the electronics sector and with a focus on developing the semiconductor ecosystem in the state, a Technology Innovation Park will be developed in 100 acres of land at Kadugodi in Bengaluru. This will provide services in testing, design, innovation, research and development of semiconductors, besides housing a Technical Research Institute.--A state-of-the-art Karnataka Aerospace Technology Centre will be established at the Aerospace and Defence Park in Devanahalli, Bengaluru to strengthen the Aerospace sector in the state with a special focus on the MSMEs.--The state government will develop a Mega Industrial Township at state government-owned BEML land to promote economic activities in the Chennai-Bengaluru Industrial corridor.
2.22 - A single window portal will be created to submit all applications for the purpose of establishing new enterprise. All permits will be issued on the same portal, in a time-bound manner by the concerned departments. This will help to attract industries and investments.--Manufacturing and export-oriented industrial clusters will be developed in Vijayapura and Dakshina Kannada districts respectively.--A new policy will be formulated to promote agro-processing industries. --Agricultural land up to 2 acres will be exempt from land-use conversion, if it is for the purpose of establishing new industries. The Karnataka Land Revenue Act will be amended suitably for this purpose.--Common Facility Centers (CFC) will be started in Public Private Partnership model. This will enable MSMEs to use machineries, equipment and common infrastructure.--We will bring in reforms for the modernization of the public sector undertakings (PSUs). The reforms will also focus on instilling professionalism and encouraging the public sector to compete at the national and international level through innovations in design, products and better marketing.--In order to promote small scale industries in the state, new industrial estates will be established under the aegis of Karnataka State Small Scale Industries Development Corporation (KSSIDC) in a phased manner at seven places, namely, Hubballi, Chittapura in Kalaburagi, Kodkani in Uttara Kannada, Kanagala in Belagavi, Chamarajnagara, Indi in Vijayapura Badanaguppe and Shahapura in Yadagiri - CM
2.15 - Gruha Jyothi scheme provides energy guarantee to every household and citizen of the state. Electricity is an essential and inevitable basic necessity of modern life. But, I am a witness to thousands of families facing hardship because of the unaffordability of electricity. Just as there is Anna Bhagya to ensure food security, we have started Gruha Jyothi to ensure energy security. Under Gruha Jyothi, up to 200 units of free electricity will be provided to every household every month. Under the scheme, every household will be provided free electricity up to a maximum of ten percent over and above their average (annual average) consumption.The registration process for Gruha Jyothi has already commenced and the scheme applies to the electricity consumed from July 1st. Whilst the scheme provides free electricity, it is also our endeavor to bring awareness among the people about judicious use of electricity. This scheme is going to benefit more than 2 crore domestic consumers and will be implemented at an estimated annual Rs. 13,910 crore - Siddaramaiah
2.07 - -- Namma Metro, with a network of around 70 km and used by around 5.7 lakhs commuters daily, is the second largest metro network in the country. In the current year, the metro lines will be expanded from Baiyyappanahalli to Krishnarajapura, Kengeri to Challaghatta, Nagasandra to Madawara, R.V. Road to Bommasandra. The total addition of new lines by the end of 2024 will be 27 km.--Further, in the next three years, the metro network will be increased from 70 km to 176 km i.e., 2.5 times the present network coverage. The ongoing work of the airport metro line will be expedited and it will be operationalized by 2026.-- A Detailed Project Report has been submitted to the Central government for approval of Metro Phase-IlI at a cost of Rs. 16,328 crore. This project encompasses a total length of 45 km starting from Kempapura to J.P Nagar 4th phase and from Hosahalli to Kadabagere, including western ORR line.--In addition, a new proposal to construct a new metro line Of 37 km, from Hebbala to Sarjapura, at an estimated cost of Rs. 15,000 crores, will besubmitted to the government of India for approval.--The total allocation for this project is 15,767 crore, out of which Rs. 3,242 crore is central share, Rs. 5,087 crore is state share and the loan component (external sources) is Rs. 7,438 crore. The central government has released Rs. 500 crore to date and the state government has released Rs. 660 crore. For the current year, the state government has provided Rs. 1,000 crore. - CM
2.03 - Bengaluru Water Supply and Sewerage Board (BWSSB) will upgrade 20 Sewage Treatment Plants by March, 2026 at a cost of Rs. 1,411 crore. BWSSB will execute this project using their own funds. Once completed, this projects will ensure sustainable management of water supply and protection of natural ecosystem in BBMP limits.--There is no good metro or road connectivity to Sir M. Visveswaraya Terminal constructed by the South Western Railways near Baiyyappanahalli in Bengaluru. This has caused inconvenience to lakhs of commuters and led to severe traffic congestion in the area. To address this problem, a new flyover will be constructed at the cost of Rs.263 crore.--White-topped roads will be restarted in the year 2023-24. 100 kms of major roads will be developed as white-topped roads at a cost of Rs.800 crore. This will prevent the need for repeated repair of roads.-- In 2016, 12 major roads of Bengaluru with a total length of 192 km having very high traffic congestion were designated as High-Density Corridors. Out of this, 92 km roads have already been developed and upgraded to ensure smooth flow of traffic. In 2023-24, 83 km length of such roads will be developed at a cost of Rs. 273 crore.--Bengaluru Peripheral Ring Road which was designed to ease traffic congestion in Bengaluru city is lying on the backburner since the last 15 years. The technical issues of the Peripheral Ring Road have been cleared as Supreme Court has given consent on 25.11.2021. Now our government will resolve all legal hurdles and make sincere efforts to implement the project expeditiously. - Siddaramaiah
1.58 - "Brand Bengaluru" theme is centered on safety and convenience of the residents of Bengaluru city. The Brand Bengaluru theme is focused on addressing the nine major challenges facing the city namely, traffic management, environment, solid waste management, proper utilization of public places, public health, animal health, people friendly e-Governance, water security and flood management. By addressing these challenges in a planned and scientific manner we will elevate Bengaluru to international standards - CM
1.56 - The government will make efforts to augment the state economy to a 1 trillion-dollar economy by boosting the state's GSDP from 13% to 17%. Initiatives will be taken to expand the scope of Agriculture, Industry and the Service sectors, provide infrastructure support, delegation of powers, administrative decentralization etc - Siddaramaiah
1.46 - Under the NREGA scheme, 5,000 pasture lands and 50,000 acres of grasslands will be developed and 2 lakh drought relief works, 81,000 flood control works and 4,268 land slide mitigation works and works to develop burial grounds in 27,903 villages as Shantidhamas will be taken up,--Under Integrated School Development Programme, 5,000 schoolpremises will be upgraded to Vidhyamas.-- 750 rural markets and 27,000 borewell recharge works will be implemented - CM
1.44 - In order to provide social security to the Gig Workers in the unorganized sector, ie., employed as full-time/part-time delivery personnel in e-commerce companies like Swiggy, Zomato, Amazon, etc., insurance facility of a total Rs.4 lakh will be provided which includes, life insurance of Rs. 2 lakh and accidental insurance of Rs. 2 lahks. The entire insurance premium will be borne by the government - CM
1.42 - The government will spend Rs 10,000 annually to implement the Annabhagya sheme which will benefit more than 4.42 crore beneficiaries. - Siddaramaiah
1.40 - --Interest-free loans will be provided to the tune of Rs. 20 lakh to minority students to pursue graduate and postgraduate courses in prestigious foreign universities with a global ranking of under 250.-- To promote self-employment opportunities, for the loan amount availed from the banks, a subsidy up to 20% of the loan amount upto a maximum of Rs.1 lakh will be provided to 10,000 unemployed youth belonging to minority communities.--A new scheme 'Swawalambi Sarathi will be introduced to encourage self-employment of the unemployed youth belonging to Minority communities. Under this, a subsidy of 50% up to a maximum of Rs. 3 lakh will be provided towards purchase of four wheeler vehicles.--Rs 54 crore alloted for the construction of all the 126 incomplete Shadimahals and Community halls - CM
1.36 - A loan of Rs. 1 lakh per annum at a subsidized interest rate of 2% will be provided to minority students under the 'Arivu' - educational loan scheme. The eligible beneficiaries will be students who get admission through CET to 28 professional courses such as Engineering, Medical, etc. During the financial year, Rs. 75 crore will be reserved for this scheme.--Language labs will be established at a cost of Rs. 5 crore in all the Minority Morarji Desai Residential Schools to improve Kannada and English language skills of students belonging to minority communities.--Skill development training of minority youths will be started in the districts of Ramanagar, Belagavi, Davangere, Kalaburagi and Dakshina Kannada at a cost of Rs. 4 crore.--A grant of Rs. 8 Crores will be provided to impart training through prestigious institutions for two years for the students studying in minority pre-university residential colleges in order to prepare them for NET, JEE, CET and other entrance examinations.--A ten month residential coaching program for IAS/KAS and other competitive exams will be offered to the minority aspirants in Haj Bhavan, Bengaluru, in collaboration with reputed coaching institutions. - CM
1.33 - Under a new scheme called 'Swawalambi Sarathi', unemployed youth belonging to Scheduled Castes and Scheduled Tribes will be encouraged to take up self-employment activities. A subsidy of 75% of the loan amount up to a maximum of Rs.4 lakh will be provided towards the purchase of four-wheeler vehicles.-- A government guarantee is provided to Scheduled Castes and Scheduled Tribes entrepreneurs for availing a loan upto Rs. 2 crore from the Karnataka State Finance Corporation. This scheme will now be extended for loans availed from nationalised bank as well.-- A Corpus Fund of Rs. 2 crore will be provided to award Dr. B.R. Ambedkar Fellowship to students belonging to Scheduled Castes and Scheduled Tribes who are pursuing Ph.D. at the Institute for Social and Economic Change (ISEC).-- To assist unemployed youth belonging to Scheduled Castes and Scheduled Tribes, a loan subsidy up to 20%, not exceeding Rs. 1 lakh will be provided for the loans availed from commercial banks for taking up income-generating activities - CM
1.28 - A new scheme Swawalambi Sarathi will be introduced to encourage self-employment of the unemployed youth belonging to Backward Classes. Under this, a subsidy of 50% up to a maximum of Rs. 3 lakh will be provided towards purchase of four wheeler vehicles. An interest subsidy of 6% will be provided to entrepreneurs belonging to Other Backward Classes Category-I and I(a) for loans availed upto Rs. 10 crore from Karnataka State Finance Corporation. This will help them to utilize ample opportunities available for starting new enterprises in the service sector - Siddaramaiah
1.20 - Gruha Lakshmi scheme to cost Rs 30,000 crore annually on exchequer - CM
1.17 - The government will set upthe nation's first-ever dedicated to public hospital organ transplant at NIMHANS, Bengaluruat the cost of Rs. 146 crore, an amount of Rs.30 Crore provided in the current year.Additionally, a Fibro scan will be provided for the detection of cirrhosis and cancer in patients suffering from non-alcoholic fatty liver disease (NAFLD) - Siddaramaiah
1.14 - -Rajiv Gandhi University of Health Sciences will establish a new medical college in Kanakapura taluka of Ramanagara district.--A total of Rs.155 crore will be provided to operationalize super specialty hospitals and burns care centers in Mysuru, Kalaburgi and Belagavi districts.--A new 200-bedded Mother and Child Hospital will be established in Gulbarga Institute of Medical Sciences (GIMS), Kalaburgi at the cost of Rs.70 crore.--Rajiv Gandhi University of Health Sciences will start state-of-the-art skill labs, research centers and indoor sports facilities in Belagavi, Kalaburgi, Hubballi, Davanagere, Dakshina Kannada and Mysuru districts and will also establish colleges of Allied Health Sciences in Kalaburgi and Mysuru districts - CM
1.10 - In memory of Karnataka Ratna, Dr. Puneet Raikumar, Automated External Defibrillators (AED) will be installed in all district hospitals and taluka hospitals to aid in the prevention of sudden cardiac arrest. For this purpose, Rs. 6 crore will be provide. And, 15 CT and 6 MRI scanning centers have been established under Public Private Partnership model in few district hospitals where free scanning services are being provided. These services will now be extended to all the district hospitals in the state - CM
1.05 - Govt to start 'Kalika Balavardhane' programme for children
1.00 - The detailed project report and environmental clearance proposal connection with Mekedatu balancing reservoir and drinking water project planned under Cauvery watershed area has already been submitted to the Central Government. Necessary action will be taken to obtain clearance at the earliest.," CM Siddaramaiah said"Land for compensatory afforestation has been identified and priority will be given to initiate land acquisition process - CM
12.58 - Government to take action to complete the pending works under the Yethinahole project in an expeditious manner and supply drinking water to Kolar, Chikkaballapura, Ramanagara, Bengaluru Rural and Tumakuru
12.49 - Government withdraws APMC Act amendment by BJP govt
12.47 - For the economic self-reliance of fisherwomen and to assist them in the expansion of business, interest-free loans provided by banks will be increased from Rs. 50,000 to Rs. 3 lakh.The government will offer subsidized diesel provided to fishermen's boats will be increased from 1.5 lakh kilo litres to 2 lakh kilo litres.This will amount to financial assistance of Rs.250 crore in 2023-24.
12.42 - For the benefit of Silkworm farmers of Chikkaballapura and the Kolar, the government approves 75 crore to set up of a high-tech silk cocoon marketin Sidlaghatta.
12.38 - The Total Revenue Receipts estimated for 2023-24 is Rs.2,38,410 crore, which includes Rs. 1,75,653 crore of Own Tax Revenue including GST compensation, Rs. 12,500 crore is anticipated from Non-Tax Revenue Devolution of Rs.37,252 crore and a Grant in Aid of Rs. 13,005 crore is estimated to receive from the Government of India.These Revenue Receipts are estimated to be supplemented by gross borrowings of Rs.85,818 crore, non-debt capital receipts of Rs.23 crore, and recovery of loans of Rs.228 crore.
12.36 - Annual expenditure of Rs 4000 crore estimated for Shakti scheme under which women get free travel in government buses.
12.35 - The government has proposed to increase the guidance value on property registrations across the state. The revenue collection for the Stamps and RegistrationsDepartment has been set to Rs 25,000 crore for the 2023-24 fiscal year.
12. 30 - Government proposes to increase the existing rates of Additional Excise Duty on Indian Made Liquor (IML) by 20 percent on all 18 slabs as per Annexure-1. I also propose to increase the Additional Excise Duty on Beer from 175% to 185%, says Siddaramaiah
12. 26 - Total Expenditure is estimated to be Rs.3,27,747 crore which includes Revenue Expenditure at Rs.2,50,933 crore, Capital Expenditure at aRs.54,374 crore, and loan repayment at Rs.22,441 crore - CM
12.16 - Over the years since the 2016's note ban and the Covid-19 outbreak in 2020, the country and the state have suffered a lot. There has been an unevenincrease cost of living too. To improve the lives ofKannadigapeople, we had promised to deliver five guarantees including free bus travel for women, 10kg rice for BPL, free 200 units of electricity, monthly stipend to unemployed youths and women head, during the elections. As promised, we are committed to delivering them. Some people and opposition have labeled our promises as freebies and burden the exchequer. But, we believe this is a welfare scheme to ensure our people live a dignified life - Siddaramaiah
12.14 - Seven crore citizens of Karnataka have given us afull mandate and we will endeavor to deliver social justice and meet the aspirations of the people and farmers of the state," said CM Siddaramaiah, as he begins the Budget 2023-24 budget - CM
CM Siddaramaiah to present maiden budget of Congress govt
Bengaluru, Jul 7 (IANS): Karnataka Chief Minister Siddaramaiah will on Friday present the maiden budget of the Congress government in the state.
This will be Siddaramaiah's 14th Budget in the state legislature, breaking the record of late Chief Minister Ramakrishna Hegde who presented 13 Budgets in the entirety of his political career.
Siddaramaiah has hinted that the estimated size of the new Budget is Rs 3,35,000 crore.
The size of first budget presented by him was Rs 12,616 crore, while it was Rs 2,09,181 crore for his 13th Budget.
Meanwhile, the 14th Budget is surrounded by challenges at a time when the profit-oriented market and corporate economic policy is ruling the country, erasing socialist economic policies and killing pro people concerns, according to sources in the Chief Minister's Office (CMO).
They said the thrust will be to mobilise resources and implement all five guarantees promised in the Congress party's poll manifesto.
Siddaramaiah has stated that more than Rs 50,000 crores are required for this year for the free schemes.
The challenge will be to balance the development of the state and maintain fiscal discipline on the one hand and implement free schemes on the other hand to make solid grounds for winning maximum seats in the Lok Sabha elections next year.
The sources also explained that the Congress government want to send a message to the nation against the BJP.
They hinted at Siddaramaiah attacking the BJP-led Central government in terms of GST share and the alleged non-cooperation of the Centre to sell rice to the state.
The state government has inevitability to mobilise resources for guarantees and reserve funds for major irrigation and development projects such as Ettinahole, Mekedatu, Upper Krishna, Upper Bhadra, Kalasa Banduri and Alamatti.
Along with this, Siddaramaiah also has the challenge to ensure proper funds for the development of Bengaluru.
The Bruhat Bengaluru Mahanagara Palike (BBMP) has submitted proposal to build 17 flyovers to ease traffic woes. But thecivic agencies are yet to release Rs 7,000 crore pending bills to contractors.
The state government will also have to provide sufficient funds for the suburban rail project and new metro routes aimed at decongesting Bengaluru.
The Chief Minister has held non-stop meetings with the Finance Department for the presentation of his 14th Budget for the past 25 days .
From the first budget presented by Siddaramaiah as Deputy Chief Minister and Finance Minister in 1995-96 to the last budget presented as Chief Minister in his previous term for 2018-19, the shadows of Basavanna, Dr. B.R Ambedkar, Ram Manohar Lohia and Devaraja Urs are clearly seen and documented in all 13 Budgets.
In the seven budgets presented from 1995-96, socialist aspirations, thoughts and concerns were significantly seen.
In the six budgets from 2013-14 to 2018-19, there were clear traces and documents to say that the principles and ideals of the Ahinda movement had led Siddaramaiah.
In these two phases of budgets, large amount of money has been allocated to agriculture, industry, service sector and skill development. Allocation of funds to the Ahinda and Shudra communities which constitute 85 per cent of the total population, is a testimony to Basavanna's ideal of equal share for all, they said.
In the 14th budget which is considered as the most challenging one, it can be estimated from the statements of the Chief Minister made in the last one week , that the five guarantees will provide adequate relief to the hardships of all castes and classes of people.
Revenues receipts in the 13 budget so far and expenditure incurred have all increased each year. Especially, the revenue surplus from Rs 127 crore to Rs 910 crore from 2014-15 to 2018-19 shows that Siddaramaiah has not violated financial discipline, said the CMO.
Apart from the fact that he has presented the highest number of budgets in the state, Siddaramaiah is also reputed for following fiscal discipline and implementing pro people programmes .
As Deputy Chief Minister and Finance Minister, he had drafted and implemented the Karnataka Transparency in Public Procurement Act, 1991.
Similarly, the Karnataka Fiscal Responsibility Act 2002 simplified the government's fiscal procedures and made the Medium Term Fiscal Plan Estimates (MTFP) mandatory in the legislature along with the annual budget, said CMO statement.
"States had the right and authority to levy taxes during the presentation of 13 budgets so far. Now this right of states has been curbed by central GST. In addition, the central government has artificially created a formidable challenge for Siddaramaiah by refusing to provide rice to the Annabhagya scheme.
"Amid GST and non-cooperation from the Centre, the Chief Minister has announced that five guarantee schemes will definitely be implemented this financial year itself. The beneficiaries of the five Guarantee Schemes are proving that the government is not restricted to One Party or One Religion," the statement added.