Chief Minister of Karnataka, HD Kumaraswamy presented his second budget on Friday, amid a walkout by opposition BJP. Kumaraswamy set aside Rs 12,650 crore toward his pet crop loan waiver scheme in 2019-20 fiscal.
The JD(S)-Congress government in Karnataka has released Rs 5,450 crore so far towards farmers loan waiver scheme, Kumaraswamy added. He also announced that "Ayushman Bharat" scheme of the Centre would be combined with "Aroygya Karnataka" and it would be renamed as "Ayushman Bharat Karnataka".
In a fillip to transportation facilities in other cities, the budget provides for viability studies for building metro rail projects in Mysuru, Mangaluru and Hubballi-Dharwad twin cities.
Earlier on Friday, Kumaraswamy released an audio conversation between B S Yeddyurappa and JD(S) MLA Naganagouda Kandakur's (Gurmitkal) son Sharanagouda accusing the BJP of trying to lure the MLA.
The Congress also convened a legislature party (CLP) meet to keep its flock together ahead of budget presentation. The party has decided to seek the disqualification of four disgruntled
legislators who were a no show at the CLP.
The budget session of Karnataka Assembly began with a BJP uproar against the coalition government led to Governor Vajubhai Vala cutting short his speech to the joint session.
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Karnataka Budget 2019 HIGHLIGHTS: 12,650 cr for crop loan waiver
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Water Resources Minister D K Shivakumar offers a glass of water to Karnataka Chief Minister H D Kumaraswamy as Deputy Chief Minister G Parameshwara looks on during the budget session at Vidhana Soudha, in Bengaluru. (PTI Photo)
Metro for Mysuru, Mangaluru, Hubballi-Dharwad?
In a fillip to transportation facilities in other cities, the Karnataka budget provides for viability studies for building metro rail projects in Mysuru, Mangaluru and Hubballi-Dharwad twin cities.
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Budget 2019-20: Crop loan waiver gets Rs 12,650 crore
Kumaraswamy has kept Rs 6,500 crore for waiver of crop loans borrowed from commercial banks and Rs 6,150 crore to those in the cooperative sector.
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Karnataka Budget 2019: Here are the key takeaways
The Karnataka budget had a lot of things in store for Bengalureans. Here are 18 key takeaways.
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Rs.11,828 crore is the revenue collection target in 2019-20: HDK
A special grant of Rs.5 crore for the celebration of the 150th birth anniversary of Mahatma Gandhi.
Examining the viability and pros and cons of establishing Metro Rail Project in Mysuru, Mangaluru and Hubballi-Dharawad: HDK
5 lakh street lights in Bengaluru to be changed to LED in a phased manner: HDK
Government proposes to revise Information Technology (IT) Policy
In an effort to attract investments in the Tier-2 and Tier-3 cities, the state government proposes to revise Information Technology (IT) Policy. Helping of Startups in Bengaluru City area by strengthening the “Incubation Centre” has been proposed.
A fully equipped K-Tech innovation hub is set up at Tumakuru at a cost of Rs.7 crore to encourage budding entrepreneurs.
Rs 3700 crore has been set aside for Annabhagya
State will organise Mini Olympic Games 2019 to encourage sports person between the age groups 13 and 15
Global Capital Investment Conference” in January 2020
The Karnataka government proposes to organise “Global Capital Investment Conference” in January 2020.
The government also plans to develop industrial areas at Arasikere in Hassan district, Nagamangala in Mandya district, Chittapur in Kalaburagi district, Mulavad in Vijayapura district, Kanagala in Belagavi district and Madhugiri in Tumakuru district through Karnataka Industrial Area Development Board.
Chief minister H D Kumaraswamy has proposed to develop Metro line from Central Silk Board (CSB) junction to the Outer Ring Road-Airport via K.R. Puram, Hebbal at a cost of Rs.16,579 crore.
He also proposed to develop an extension of the western end of Kengeri Metro Network and construction of an additional station at Challaghatta.
New industrial policy to be brought out to attract investment
Karnataka chief minister H D Kumaraswamy on Friday announced that a new industrial policy will be brought out for attracting investment. He also announced to spend Rs 110 crore to continue the scheme of "compete with China" scheme during the year 2019-20.
Rs 1000 cr allocated for Bengaluru's elevated corridor project
Bengaluru to get a Sub-Urban Rail System
Chief minister H D Kumaraswamy on Friday proposed to provide Sub-urban rail services in Bengaluru at a total estimated cost of Rs.23,093 crore; a Special Purpose Vehicle (SPV), Bengaluru Rail Infrastructure Development Entity (B-RIDE) under State and Central Government partnership.
Study of feasibility of design for Multi Modal Transport Hub at Hebbal, Byappannahalli, K.R.Puram, Kadugodi, Challaghatta and Peenya area. Development of necessary infrastructure for Inter-Modal Integration design in Bengaluru Metro, Rail and TTMC strategically located at Yeshwantapur, Banashankari, Vijaynagar, Peenya etc.
Cancer hospital at Tumakuru at a cost of Rs 60 crore: HDK
Bengaluru's high streets Brigade Road and Commercial Street will be converted into pedestrian roads.
Govt to implement Nava Bengaluru Kriya Yojane at an estimated cost of Rs.8,015 crore
Chief minister H D Kumaraswamy has proposed to implement Nava Bengaluru Kriya Yojane at an estimated cost of Rs.8,015 crore. A grant of Rs.2,300 crore in the year 2019-20 has beem proposed in the budget for 2019-20.
A grant of Rs.1,000 crore to construct elevated corridors in the year 2019-20 in Bengaluru city. It has been proposed to convert 5 lakh road lights in Bengaluru into LED.
Action to convert Commercial Street and Brigade Road into pedestrian roads. Establishing a 400 metric tonne capacity solid waste processing unit through KPCAL under PPP has been proposed.
Marks cards and degree certificates will go online
Common Entrance Test (CET) to go online, Karnataka CM announces in the budget.
Visvesvaraya Technological University (VTU) to be bifurcated to set up a new technology university in Hassan, Karnataka CM announces.
Marks cards and degree certificates will go online. Karnataka earmarks Rs 2 crore to implement a system to distribute Aadhaar-based digital marks cards and certificates to students.
1500 new school buildings to be constructed in the state
Karnataka Budget 2019 emphasis on infrastructure development in schools yet again like the previous budget. 1500 new school buildings to be constructed this year education.
Karnataka Budget estimate (Consolidated Fund) - Rs.2,34,153 crore for 2019-20
Total receipts - Rs.2,30,738 crore.
Revenue receipts – Rs.1,81,863 crore.
Public debt – Rs.48,601 crore and Capital receipts Rs.48,876 crore.
Total expenditure –Rs.2,34,153 crore.
Revenue expenditure – Rs.1,81,605 crore.
Capital expenditure -Rs.42,584 crore and loan repayment - Rs.9,964 crore.
Karnataka budget proposes to levy additional excise duty on beer, draught beer and low-alcohol beverages manufactured in micro breweries. The quantum of the additional levy not yet clear.
Rs 17,212 crore allocated to irrigation department, 15 crore for projects in Bengaluru rural
Rs 1,600 crore allocated to fill up lakes in the state: HDK
Karnataka will spend Rs 200 crore on providing 8 months of free warehousing facilities for farmers' produce: HDK
Rs 300 crore to be spent for irrigation project in Badami Taluk: HDK
New scheme to provide affordable, low-interest loans to farmers
Karnataka announces a new scheme to provide affordable, low-interest loans to small farmers: so as to prevent their families from being exploited by private moneylenders: HDK
Rs 5 crore allocated for producing KFD vaccines: HDK
Government to build 2000 houses for fishermen: HDK
Sewage treatment plant to be setup at Malpe at a cost of Rs 15 crore: HDK
Animal husbandry department to get Rs 2 crore for mobile clinics to treat sick cattle: HDK
Rs 5 Crore earmarked for rearing country chicken: HDK
Rs 638 crore to be spent to procure milk for school children: HDK
Mango and Tomato processing centres to be setup in Dharwad and Kolar respectively: HDK
Karnataka Silk Marketing Board to be revamped
Progressive silk farmers will be trained, given an honorarium and will be roped in as agents of change for the sericulture sector. This gets an outlay of Rs 2 crore.
Karnataka Silk Marketing Board will be revamped because it is not working well.
Will look into merits-demerits of crop insurance scheme
"Karnataka will look into the merits-demerits of starting its own crop insurance scheme in the backdrop of complaints raised by farmers over PMFBY," says HDK.
Rs 150 crore package for grape and pomegranate farmers: HDK
Cultivation of 10000 hectares of millets to be encouraged: Kumaraswamy
Government to provide an incentive of Rs 7500 per hectare for millet cultivation: HDK
Government to provide Rs 6000 monthly allowance to pregnant women: Kumaraswamy
Farmers not getting the market price they deserve: Kumaraswamy
Financial position of the state
9.6% GSDP growth projected in 2018-19.7.4% and 12.3% growth is expected in secondary and services sectors in 2018-19.
"48,773 applications received under Chief Minister's 1-lakh Housing Scheme," says Kumaraswamy
State government has earmarked Rs 1.5 lakh crore for Brand Bengaluru project
"It's a challenge to provide infrastructure in Bengaluru. To improve Brand Bengaluru, several projects are being taken up, including peripheral ring road, Namma Metro Phase-2, suburban rail projects and so on," says Kumaraswamy.
Under MNREGA, 10 crore jobs will be created by the end of this fiscal. Also, in November, rural Karnataka was declared open-defection free,": Kumaraswamy.
BJP members walk out the House
BJP members chant "You are lying..." and "We want justice" as the chief minister continues his budget speech.
Opposition BJP stages walkout as Budget copies were not given. Leader of the Opposition BS Yeddyurappa leads the walkout.
State government has prepared the detailed project report to undertake Mekedatu dam project: Kumaraswamy
Drinking water projects undertaken in Kolar and Chikkaballapur districts, which are affected by drought: Kumaraswamy
"Bengaluru has become a hub for industrial investment. We want to shift this other cities to provide opportunities for the youth,": Kumaraswamy
Farm loan waiver has been carried out successfully. Rs 9,291.81 crore spent on irrigation projects: Kumaraswamy
Karnataka to adopt Israeli model of agriculture. all arrangements have been made to popularise organic agriculture.
State to build 854 houses in flood hit Kodagu: Kumaraswamy
Rs 2,500 crore proposal submitted to Centre for drought relief
The coalition government has submitted a Rs 2,500 crore proposal to the Centre for drought relief.About 156 taluks in the state are hit by the drought, saysKumaraswamy.
Live Stream of Karnataka Budget
Opposition parties continue to create ruckus in the house
Opposition parties continue to create ruckus in the house as CM begins his speech. The government has launched several programmes for the poor, backward people of the state. The state government has created a conducive environment for everyone to live happily in the state, says CM
Chief Minister H D Kumaraswamy begins budget speech in the state assembly
State government’s accounts till December 2018
Cong to seek disqualification of 4 ‘rebel’ MLAs
The Congress has decided to seek the disqualification of four disgruntled legislators, Congress Legislature Party (CLP) leader Siddaramaiah announced here on Friday.
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Chief Minister H D Kumaraswamy arrives Vidhana Soudha
H D Kumaraswamy's letter to Speaker
The chief minister asked Speaker to take necessary actions on the latest audio, which was released today morning.
Will the budget fulfil C’Magaluru’s expectations?
With Chikkamagaluru district reeling under drought and natural calamity, citizens are expecting some relief in the state budget, to be presented on Friday.
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North Karnataka region is neglected and government has failed to manage the drought situation: BSY
PM systemically demolishing country's democracy: HDK
Flanked by Dy CM G Parameshwara and his cabinet colleague Sa Ra Mahesh, Chief Minister H D Kumaraswamy addressedthe press conference in Bengaluruon Friday ahead of the state budget.
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"Karnataka has always been a fiscally responsible state. I hope that the first full budget of the current government contains enough investment on capital and infrastructure, and manages the fiscal pressures of commitments like farm loan waivers. Karnataka should continue to grow faster than India and add jobs faster than the rest of India, and the budget should aim to enable that," says Pavan Srinath, Faculty and Fellow at Takshashila Foundation.
Chief Minister H D Kumaraswamy addresses the presser
Flanked by DyCM G Parameshwara and his cabinet colleague Sa Ra Mahesh, Chief Minister H D Kumaraswamy addresses the presser.
Says, it is inevitable for him to convene the PC ahead of his budget amid the prevailing political chaos.
I refrained from giving any media statements the last two days owing to the political developments.
I have called you hurriedly for this PC.
Parliament is on in New Delhi, while the budget session is on in Karnataka.
I still remember how PM Narendra Modi bowed his head on the steps of the Parliament. I have observed his statements on the floor of the House yesterday. He spoke about corruption and slammed the Congress.
The PM has also attacked my crop loan waiver scheme.
Modi, who termed the Parliament the temple of democracy, misled it yesterday by uttering lies. He is systematically demolishing democracy.
I request the opposition leaders to raise against Modi. They must Parliament and expose the real truth of the PM. I say this in a lot of pain.
Modi is projecting himself as the saviour of his country.
The state BJP disallowed the Governor from addressing the joint session. They say, 'Go back CM'.
If the BJP thinks that my government lacks majority, then why hasn't it moved the no confidence motion? Why has it been trooping into the well of the House, disrupting the proceedings, instead?
Presenting a budget is not child's play. But the BJP leaders are creating trouble.
The Lok Sabha elections will be announced soon.
The government activities have to begin from April. What message is BS Yeddyurappa trying to give to the people of the state?
Watch: What to expect from Karnataka budget?
1. Out of the states which have announced farm loan waivers, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu and Chhattisgarh have the additional fiscal space to allocate some proportion of its expenditure on farm loan waiver without breaching the 3% fiscal target recommended by 14th Finance Commission.
2. According to CARE Ratings, Karnataka can allocate only Rs 1,405 crore towards the payments of farm loan waivers.
KPCC President Dinesh Gundu Rao: “I believe everyone will attend the CLP. It’ll be inevitable for the party to take action against those who skip. The political situation is precarious because of BJP. What’s the reason BS Yeddyurappa’s son is in Mumbai?”
CM H D Kumaraswamy leaves his father H D Deve Gowda's Padmanabhanagar residence towards his home officeKrishna where he will address a hurriedly convened press conference
Mines Minister Rajashekhar Patil, MLA Anand Singh and Food & Civil Supplies Minister BZ Zameer Ahmed Khan arrive for the CLP meeting.
Congress MLA Basavanagouda Daddal arrives for the CLP meeting.
“Who told you I was disgruntled? Neither my party nor I have said that. Stop calling me disgruntled. My only ask was that my Raichur district hadn’t got any board or corporation appointment,” he told reporters.
Daddal was appointed as chairperson of the Karnataka Maharshi Valmiki ST Development Corporation on Thursday night.
Chief Minister H D Kumaraswamy takes the blessings of his sister Anasuya before he presents his second budget today at 12.30 pm.
Former minister SR Patil among the first Congress leaders to arrive for the CLP meet at Vidhana Soudha.
Revenue Minister RV Deshpande and Home Minister MB Patil arrive.
Karnataka Budget Analysis 2018-19
The Chief Minister and Finance Minister, H. D. Kumaraswamy presented the Budget for Karnataka for the financial year 2018-19 on July 5, 2018.
Budget Highlights
The Gross State Domestic Product (GSDP) of Karnataka for 2018-19 at current prices is estimated to be Rs 14,08,112 crore, which is 7.4% higher than the revised estimates for 2017-18.
Total expenditure for 2018-19 is estimated to be Rs 2,18,488 crore, a 15.2% increase over the revised estimates of 2017-18.
In 2017-18, there was an increase of Rs 3,118 crore (1.7%) of expenditure in the revised estimates over the budget estimates.
Total receipts (excluding borrowings) for 2018-19 are estimated to be Rs 1,66,600 crore, an increase of 14% as compared to the revised estimates of 2017-18. In 2017-18, total receipts fell short of the budgeted estimates by Rs 1,300 crore.
Revenue surplus for the next financial year is targeted at Rs 106 crore or 0.01% of the GSDP. The fiscal deficit is targeted at Rs 40,753 crore (2.9% of GSDP).
Departments of Education (32%), Health and Family Welfare (26%), and Water Resources (15%) saw the highest increase in allocations.
Cong CLP meeting on Friday
With disgruntled MLAs playing hardball, the Congress has convened a legislature party (CLP) meeting on Friday ahead of budget presentation and warned its MLAs that absence would invite action under the Anti-Defection Law.
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BJP goes on offensive, plans to defeat finance bill
A defiant BJP has decided to go for the kill and topple the coalition government before the completion of the Budget session.It is now looking at defeating the finance bill by seeking a division of votes when it is placed before the Assembly for adoption.
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Commuter body demands more BMTC funds in State Budget
A body of bus commuters has demanded the allocation of more funds for the Bangalore Metropolitan Transport Corporation (BMTC) in the upcoming Karnataka Budget to improve the city's public transport system.
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Street vendors seek support in Karnataka Budget
The Bengaluru Jilla Beedhi Vyapari Sanghatanegala Okkuta, a registered federation of street vendors, has sought support from the State Government in its latest Budget.
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In his maiden budget in 2018, CM H D Kumaraswamy had fixed the total budget outlay at Rs 2.18 lakh crore, Rs 9,307 crore more that Siddaramaiah’s February budget.
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