Speaking to reporters after visiting the injured persons at government-run K C General Hospital here, he maintained that there was no intelligence failure.
Shettar said the government had taken all steps required and beefed up the security in sensitive areas across the state.
Reacting to allegations by some Congress leaders that the bomb blast was a handiwork of "saffron" terrorists to gain sympathy for the ruling BJP, Shettar said the opposition should desist from giving a political colour to the incident. "It will not be in a good taste."
The state government has decided to give compensation to the injured and those whose houses and properties have been damaged, the Chief Minister said. "The government will bear medical expenses of the injured," he added.
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After visiting the blast site last night, Shettar had said he suspected that the perpetrators of terror wanted to spread fear among the people by planting an explosive near the BJP office.
16 people, including 11 policemen, were injured in the blast yesterday opposite to BJP office, which the government has termed as a "clear act of terror.