Page 2 - Karnataka Budget

Karnataka's 'pro-people' budget likely to be presented on Feb 17: CM Bommai

Karnataka Chief Minister Basavaraj Bommai on Saturday said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people". The upcoming budget will focus on programmes that would give more support to working classes, women and youth, he said listing out some government schemes that are being implemented in the state. Bommai, who also holds the Finance portfolio, will be presenting the budget. The upcoming budget is important for the ruling BJP as it will be the last one ahead of assembly elections by May. "During the next cabinet meeting, we will decide on the dates for joint session of Karnataka legislature and for the budget session. Budget is likely to be presented on February 17. All the preparations for it has begun," the Chief Minister said. Speaking to reporters here, he said the state's revenue collection for the quarter ending December has crossed the target, and that he has given directions regarding the targets for the last quarter

K'taka govt aggregates 2nd installment of supplementary estimates: Report

The BJP-led Karnataka government on Monday tabled the second instalment of supplementary estimates for the current fiscal aggregating to Rs 8,001.13 crore. The supplementary estimates were tabled by the Law and Parliamentary Affairs Minister J C Madhuswamy on behalf of Chief Minister Basavaraj Bommai who holds the Finance portfolio. The estimates are related to advance sanctioned form the contingency funds after the 2022-23 supplementary estimates- First instalment was placed before the legislature in September this year. The supplementary estimates aggregating to Rs 8,001.13 crore includes Rs 1,806.18 crore of charged expenditure and voted expenditure of Rs 6,194.95 crore. "Net outgo from consolidated fund is Rs 8,001.13 crore. A sum of Rs 1,134.72 crore is covered by Central Assistance, Rs 1,799.01 crore is met by adjustments. Hence, net cash outgo is Rs 5,067.4 crore," the government in its introductory note. The amount will be met through additional mobilisation of own revenue

State budget for next fiscal will be tabled in February: Karnataka CM

Karnataka Chief Minister Basavaraj Bommai on Sunday said the state budget for the next financial year will be tabled in February 2023. After the current session gets over, there will be discussion with all the departments and a few boards and corporations to make preparations for the budget in January, he added. "Budget will be tabled in February. In this regard two rounds of meetings have taken place with the finance department officials," Bommai told reporters in Shiggaon here. The proposed budget session would be the last session of the current Karnataka assembly, after which assembly polls are scheduled to take place.

Karnataka chief minister Basavaraj Bommai to present budget on March 4

The budget session would be held from March 4-30, according to the provisional schedule of the Legislative Assembly Secretariat on Wednesday

Venture Capital Fund of Rs 100 cr proposed in Karnataka budget

The state budget presented by Chief Minister B S Yediyurappa on Monday proposed to establish a Venture Capital Fund of Rs 100 crore

Karnataka Budget: Revenue deficit estimated to be Rs 15,134 crores

The Karnataka government presented its Budget on Monday

K'taka: Congress stages walkout during tabling of budget by CM

The Congress claimed that the BJP government in the state had no moral right to continue in power

Karnataka assembly session schedule to be decided on Dec 30: CM Yediyurappa

Yediyurappa said the budget would focus on developmental works, farmers and irrigation

Karnataka presents 'please all' budget with focus on agriculture

The state only proposed to raise excise duty on beer to fund fiscal gap

K'taka CM Kumaraswamy keeps promise, announces Rs 340 bn farm loan waiver

The average amount waived by the state per beneficiary in Karnataka would be about Rs 75,000, almost twice of that in UP at Rs 42,000 and Rs 34,000 in Maharashtra

In order to fund loan waiver, Karnataka hikes tax on liquor, petrol, diesel

The announcement of the peripheral ring road around Bengaluru is also a big positive along with the proposal for elevated road corridors to decongest roads

CM Kumaraswamy announces Rs 340 bn farm loan waiver in Karnataka budget

He also proposed a hike in the additional excise duty on Indian-made liquor by 4% across the board on all 18 slabs

Karnataka Budget: Siddaramaiah govt provides Rs 2.47 bn for IT, biotech

The CM, who also holds the finance portfolio, said Rs 10 million grant would be given to science and technology department to provide scholarship

Karnataka rejoice! No VAT on wine and beer, movie tickets capped at Rs 200

Karnataka Government imposed 20 percent hike in additional excise duty on Indian-made liquor

Karnataka raises fuel prices, levies tax on commercial vehicles

Chief Minister Siddaramaiah committed Rs 5,000 cr to improve the city's infrastructure