Karnataka Budget 2023 Live: Bommai finishes more than 2.5-hr-long speech

Karnataka budget 2023 LIVE: Karnataka CM Basavaraj Bommai has concluded his two-and-a-half hour long budget speech by saying that this is a "revenue-surplus" budget as the revenue receipts were more than revenue expenditure by ₹402 crore for the first time in Karnataka since the pandemic hit.

This is CM Bommai's second budget. (ANI)

CM Bommai has finished his budget speech by saying that this is the first time after the pandemic hit that the state has reported revenue receipts more than revenue expenditure, by ₹402 crore. Bommai termed the 2023-24 budget as a "revenue-surplus" one....Read More

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• 17 Feb 2023, 01:26:21 PM IST

  ‘Revenue-surplus budget’: Bommai finishes more than 2.5-hr-long speech

  

  CM Bommai said this is the first time after the pandemic hit that the state has reported revenue receipts more than revenue expenditure - by ₹402 crore - and termed this year's budget a "revenue-surplus" one, finishing his two-and-a-half hour long budget speech. 

  This was Bommai's second budget as the chief minister of Karnataka and his government's last one before the assembly elections.

• 17 Feb 2023, 01:19:36 PM IST

  ‘In relief for salaried employees, tax exemption limit to be raised’: CM Bommai 

  CM Bommai on Friday said the government proposed to simplify the Professions Tax Act to provide some relief to the lower income households. 

  “It is proposed to raise the tax exemption limit from ₹15,000 to ₹25,000 per month for salaried or wage-earning employees,” the chief minister said.

• 17 Feb 2023, 01:12:34 PM IST

  ‘Will create cloud-based state data centre at ₹590 crore’: CM Bommai

  Touching on data security, CM Bommai said the government will construct a cloud-based state data centre with an outlay of ₹590 crore.

  A 24x7 Cyber Security Operation Centre (CSOC) will be established to ensure safety of government websites, online services and for data security," Bommai said.

• 17 Feb 2023, 01:03:09 PM IST

  Karnataka in support of weavers

  Karnataka has increased the subsidy given under the Nekar Samman scheme from ₹3,000 to ₹5,000. The new textile and readymade garment policy has been revised and will create employment for 44,257 people, Bommai said.

• 17 Feb 2023, 12:59:51 PM IST

  Karnataka to pay 30% land acquisition cost in ₹13,139 crore STRR project

  Karnataka has agreed to pay 30 per cent land acquisition cost in the 288-km-long Satellite Town Ring Road project meant to reduce traffic congestion considerably. The construction of the project is pegged to cost ₹13,139 crore, approved by the central government.

  The Karnataka government has further approved construction of several highways in the state including Bengaluru-Chennai Expressway, Bengaluru-Ramanagar-Mandya-Mysore Highway, Hubli-Andhra Border Highway, etc.

• 17 Feb 2023, 12:50:40 PM IST

  Bengaluru traffic and mobility issues at focus

  “The work order for Bengaluru Sub-urban Railway Project between Chikkabanavara and Byappanahalli Corridor-2 Via-duct for ₹860 crore has been issued and the works have been commenced,” a budget document said.

  “High Powered Bengaluru Metropolitan Land Transport Authority is constituted in order to co-ordinate the operations of various transport agencies and to find out the scientific remedies to mitigate the traffic problems of the fast developing Bengaluru city,” it added.

• 17 Feb 2023, 12:44:24 PM IST

  Karnataka to raise concessional diesel limit for fishing boats

  Bommai in his budget speech said Karnataka will increase the concessional diesel limit for fishing boats. A special scheme called Matsyasiri has been devised and tenders have been invited for undertaking dredging works of eight fishing harbours, he said.

• 17 Feb 2023, 12:28:33 PM IST

  Police stations to be modernised for ₹348 crore

  CM Bommai said new police stations will be constructed in the state this year, with ₹348 crore granted for the modernization of existing police stations. ₹410 crore has been allocated for construction of prisons, while ₹51 crore will be given for modernization of prisons.

• 17 Feb 2023, 12:24:19 PM IST

  ₹2 crore granted for 10 orphanages: Bommai

  Six hostels will be constructed for the care of orphan girls between ages 18 to 21 years. For the first time in the state, four orphanages are being constructed for orphan boys as well, Bommai said. A grant of ₹2 crore has been allocated for this, he added. 

• 17 Feb 2023, 12:18:54 PM IST

  ‘GST collection up by 26%,  financial situation of state is sound’: Bommai

  Bommai said the financial situation of the state is sound and the revenue collection has increased. 

  GST collection has increased by 26 per cent. Collection of printing and registration fees has also increased.  Tax collection has also increased by 20 per cent, he added.

• 17 Feb 2023, 12:16:31 PM IST

  Zero interest loan facility scheme for women; acid attack victims to get ₹10K compensation

  Furthering allocation to women empowerment, Bommai announced a loan facility scheme for women at zero interest rate. He added that housewives would receive ₹500 per month subsidy. 

  “The Grihini Shakti Yojana will soon be implemented in the state, and ₹10,000 compensation will be given to acid attack victims,” Bommai announced.

• 17 Feb 2023, 12:09:00 PM IST

  Karnataka to give special grant for Karaga Utsava

  A special grant will be provided from the government for the celebration of the Karaga Utsava which is an integral part of the culture and fervour of Bengaluru.

• 17 Feb 2023, 12:05:25 PM IST

  ‘Historic initiative’: Bommai says 24,000 Poura Naukararu positions will be filled

  "With the purpose of up-lifting of the social and financial conditions of the Poura Naukararu in the state, our Government has taken a historical initiative of filling up 24,000 vacant Poura Naukararu positions," Bommai said.

• 17 Feb 2023, 11:59:28 AM IST

  Women and child welfare sees allocations of over ₹46,000 crores

  A total of ₹46,278 crore has been provided in the budget for women empowerment and welfare, while ₹47,256 crore has been granted for child welfare, CM Bommai said.

  The budget allocated ₹350 crore for issuing of free bus passes to female students and a ₹500 subsidy to be given for women workers. Free passes are set to benefit around 30 lakh women, Karnataka BJP said.

• 17 Feb 2023, 11:53:40 AM IST

  250 ‘She Toilets’ in Bengaluru's markets, complexes

  250 “She Toilets” will be constructed in heavily populated markets and mega commercial complexes in Bengaluru, Bommai said.

  He also said a new bus scheme called ‘Makalla Buss’ will be launched for school and college students, with around 1000 schedules to operate under this scheme across the state.

• 17 Feb 2023, 11:47:45 AM IST

  ₹3000 crore for project to control climate change, floods

  In the direction of climate control, especially after floods in Bengaluru last year, Bommai has announced a project of ₹3000 crore in collaboration with the World Bank.

• 17 Feb 2023, 11:45:32 AM IST

  Free coaching for Agniveers from SC/ST, minority communities

  Karnataka will provide free coaching for Agniveers in the Indian Army for up to 10,000 youth from the SC, ST and other minority communities.

• 17 Feb 2023, 11:43:21 AM IST

  ₹100 crore for Anjanadri hill near Hampi

  ₹100 crore for the Anjanadri hill in Koppal, which is believed to be the birthplace of lord Hanuman.

• 17 Feb 2023, 11:33:35 AM IST

  ₹500 crore for medical education: CM Bommai

  For medical education, Karnataka has allocated ₹500 crore to set up a new medical college in Chitradurga. Post-graduate degree courses have been launched at Mandya and Hassan Institute of Medical Sciences, with a new 450-bed hospital in Chamarajanagar to provide tertiary care services.

  The CM also announced a hospital on the lines of AIIMS in Raichur, with a super speciality hospital in Kumta, Uttara Kannada district to be established this year.

• 17 Feb 2023, 11:30:55 AM IST

  Free education in Govt PU & Degree Colleges to benefit 8 lakh students

  CM Bommai announced free education in government pre-university and government degree colleges, which is expected to benefit around 8 lakh students.

• 17 Feb 2023, 11:22:24 AM IST

  'Majestic Ram Mandir' atop Ramadevara Betta in Ramanagara

  In the next 2 years, the Karnataka government will undertake comprehensive development and renovation works of temples and mutts with an expenditure of ₹1,000 crore.

• 17 Feb 2023, 11:18:30 AM IST

  ₹1,000 crore for the Kalasa-Bandoora Nala Thiruvu Yojane

  CM Bommai said ₹1,000 crore will be released to commence works on the Kalasa-Bandoora Nala Thiruvu Yojane, over which Karnataka is embroiled in a long-standing dispute with neighbouring Goa in relation to the diversion of water from the Mahadayi river.

• 17 Feb 2023, 11:17:15 AM IST

  Vishwa Kannada Sammelana: Bommai's bid to popularise Kannada

  A conclave - Vishwa Kannada Sammelana - will be organised in Karnataka's Davanagere to introduce and popularise the Kannada language, Bommai said. 

• 17 Feb 2023, 11:05:51 AM IST

  ₹75 crore to develop wells, damns in drought-hit areas

  A new Jalnidhi project will be started to raise the ground water level for water conservation by constructing reservoirs on farmers' lands. Under this, in coordination with Narega scheme, farmers are encouraged to build water tanks on their farms, CM Bommai said.

  He also allocated ₹75 crores for two projects to develop wells, dams and drains for water conservation in semi-mountainous areas, especially during summer season.

• 17 Feb 2023, 10:55:56 AM IST

  Bengaluru roads in focus; ₹1000 crore for white-topping

  The chief minister directed ₹350 crore for the construction of a five-kilometre elevated road in Bengaluru to further ease traffic congestion. ₹300 crore was further allocated for construction of roads in Bengaluru, while ₹1000 crore was granted for white-topping of 120 kilometres.

   

• 17 Feb 2023, 10:49:29 AM IST

  ‘75 junctions to be developed in Bengaluru at ₹150 crore for traffic management’: CM Bommai

  In a move to ease the state capital's never-ending traffic woes, CM Bommai said 75 junctions will be developed at ₹150 crore for better traffic management.

  A mega dairy will be constructed in Bellary at a cost of 100 crores, along with a fish hatchery at Haveri. ₹10 thousand allocated to the Bhusiri project, with ₹20,494 crores for the Rural Development Department.

• 17 Feb 2023, 10:43:35 AM IST

  Bommai promises compensation to farmers who suffered crop loss

  The economy is recovering from the pandemic and revenue generation has seen a 20 per cent increase, says Bommai.

  He also promises compensation to farmers who suffered losses due to disease-affected Toor dal and Arecanut plantations.

• 17 Feb 2023, 10:39:39 AM IST

  CM Bommai announces budget of ₹3.09 lakh crore

  The government is presenting a revenue surplus budget this year, said CM Bommai. The CM has announced a budget of ₹3.09 lakh crore with gross borrowings ₹77,750 crore this year.

  ₹10,000 crore has been allocated to Bengaluru ahead of the Assembly elections.

• 17 Feb 2023, 10:36:23 AM IST

  ‘Farmers will be given loans at zero interest rates’: CM Bommai

  “Farmers will be given loans at zero interest rates. ₹3 lakh loan was given earlier. Now the loan amount has been increased to ₹5 lakhs. Apart from this, ₹175 crores have been granted for preservation and storage of crops,” CM Bommai says.

• 17 Feb 2023, 10:30:28 AM IST

  Bommai and Siddaramaiah argue as latter has come with flower on his ear

  

  Even before CM begins the Karnataka budget presentation, an argument has broken out in the Assembly as senior Congress leader Siddaramaiah has come with a flower on his ear. The flower symbolises that the government has been lying and making a fool of people, the former CM says.

• 17 Feb 2023, 10:20:03 AM IST

  CM Bommai begins presentation of state budget 2023-24

  Karnataka CM Bommai has arrived at the Vidhana Soudha and has started presenting the state budget for 2023-24.

• 17 Feb 2023, 10:01:42 AM IST

  CM Bommai offers prayers ahead of budget presentation

  

  CM Bommai offered prayers at the Srikantheshwara temple and the Sri Anjaneya Swamy temple in Bengaluru shortly before his second budget presentation.

  "It is my privilege to present my second budget as the Chief Minister of the state today. On this occasion, I visited Srikantheshwara Temple and Sri Anjaneya Swamy Temple in Bangalore and offered special pooja in the name of all the people of Karnataka," Bommai said on Twitter.

• 17 Feb 2023, 09:50:02 AM IST

  Finance dept hands over budget documents to CM Bommai

  

  Finance department officials like ISN Prasad, Ekrup Kaur, Zafar and other officials were present. (@CMofKarnataka/Twitter)

  The Finance department officials on Friday morning handed over the budget copy for the year 2023-24 to CM Bommai, who will present his second and the government's last budget at 10:15am today.

• 17 Feb 2023, 09:39:39 AM IST

  'Giving priority to problems of Bengaluru': CM Bommai ahead of budget presentation

  The state government is giving priority to Bengaluru's problems, Karnataka CM Bommai said a day before his second budget presentation. Bommai holds both the Bengaluru city in-charge and the finance portfolios, and is expected to push for infrastructure projects in the state capital, along with relief measures to combat the city's traffic issues and flood-related problems.

• 17 Feb 2023, 09:30:28 AM IST

  ‘Govt committed to comprehensive development of Karunada’: BJP Karnataka

  The Karnataka BJP on Thursday said their government is committed to the comprehensive development of ‘Karunada’, which will be accelerated by the state budget to be presented by 10:15am today. This the BJP's last budget before the assembly election. 

  “Our government is committed to the comprehensive development of Karunada, the state budget 2023 which will be presented tomorrow on 17-02-2023 at 10:15 am by the Hon'ble Chief Minister Shri @BSBommai will further accelerate the progress of the state,” BJP Karnataka's tweet read. They also provided live links to view the budget, which will be shared on the Karnataka BJP's social media handles.

• 17 Feb 2023, 09:11:38 AM IST

  ‘Failed to deliver on its promises’: Karnataka Cong hits out at Bommai ahead of Budget

  Furthering its attack on the ruling BJP government in poll-bound Karnataka, the Congress on Thursday said chief minister Basavaraj Bommai failed to fulfil 91% of the 600 promises made in the party's 2018 Manifesto. 

  Congress general secretary of All India Congress Committee (AICC) Randeep Singh Surjewala further said the government failed to fulfil 24 of the 26 promises made to the women of the state.

  Meanwhile, CM Bommai is expected to highlight the achievements of his government in his budget presentation today and come out with an "action taken report" on the fulfilment of the promises made by the ruling BJP.

• 17 Feb 2023, 08:56:43 AM IST

  ‘This will be a ‘pro-people’ budget’: Karnataka CM Bommai

   Karnataka CM Basavaraj Bommai has said this would be a "pro-people" budget, with a special focus on welfare programmes to support the poor, weaker sections, farmers, working classes, women and youth, among others.

  As the southern state is due for an assembly election in April - May this year, Bommai is also expected to make some big ticket announcements relating to government schemes and infrastructure projects.