Karnataka Budget 2023 Highlights: CM Siddaramaiah concludes nearly three-hour-long speech with ‘Jai Hind, Jai Karnataka’

CM Siddaramaiah concluded his budget presentation, which was nearly three hours long. He announced fund allocations for Congress' poll promises, among others.

Karnataka CM Siddaramaiah, who holds the finance portfolio, presented his 14th budget on Friday in Bengaluru.(PTI)

Karnataka Chief Minister Siddaramaiah concluded his budget presentation after nearly three hours with a ‘Jai Hind, Jai Karnataka’ slogan. He presented his 14th budget in Bengaluru's Vidhana Soudha on Friday, as the one presented by former CM Basavaraj Bommai is only valid till the end of the month. Siddaramaiah announced several measures and fund allocations, including that for the implementation of the Congress party's election guarantees, among others. ...Read More

 

Follow all the updates here:

• Jul 07, 2023 03:00 pm IST

  Siddaramaiah concludes budget speech with ‘Jai Hind, Jai Karnataka’

  CM Siddaramaiah concluded his nearly three-hour-long budget speech with ‘Jai Hind , Jai Karnataka’ in Bengaluru's Vidhana Soudha on Friday. The Congress stalwart announced several measures in his 14th budget presnetation, along with fund allocations for the party's five main poll guarantees.

• Jul 07, 2023 02:53 pm IST

  Brand Bengaluru program to focus on nine major challenges

  To make Bengaluru a global city, Brand Bengaluru got a mention in the new budget of Karnataka governement. Siddaramaiah said that this initiave will focus on nine major challenges that the IT capital is facing at the moment. 

  Traffic management, Environment, Solid waste management, Public health, People-friendly e-Governance, Water security, Flood management, Animal health and Proper utilization of public places in Bengaluru are the nine major challenges that goverement will focus on. 

   

Jul 07, 2023 02:42 pm IST

State Education Policy will replace NEP : CM Siddaramaiah 

In his budget speech, Karnataka CM Siddaramaiah announced that the State Education Policy will replace the National Education Policy which was started by the central governement in 2020. 

Jul 07, 2023 02:37 pm IST

Brain Health Initiative program to be extended to entire Karnataka

Karnataka government's Brain Health Intiative program in collaboration with NIMHANS will now be extended to all parts of the state. Earlier this pilot project which was launched for the mental health of people is restricted to Bengaluru, Kolar and Chikkaballapur districts. This will cost Rs. 25 crores on the state exchequer.

Jul 07, 2023 02:30 pm IST

Trauma care centres in Mysuru and Kalaburgi

Karnataka government alloted Rs. 30 crores to establish trauma centers in Mysuru and Kalaburgi. An automated and completly centralised blood bank will be started with Rs. 5 crores at Bangalore Medical College

Jul 07, 2023 02:26 pm IST

Halasuru Gurudwara to be developed with Rs. 25 crores

Karnataka governement will be developing the famous Halasuru Gurudwara with Rs. 25 crores and it also extended the budget to other religious places. ₹100 crores for Karnataka State Christian Development Corporation and other ₹50 crores to protect and develop more than 40,000 Wakf properties are included in the budget documents. 

Jul 07, 2023 02:18 pm IST

Siddaramaiah to propose a few amendments to Forest Rights Act

Karnataka CM Siddaramaiah said that the government is committed to provide homes for forest dwellers. He said, “The Forest Rights Act is causing a hurdle for granting houses to forest dwellers. We will conduct a meeting with the central government and discuss the amendments that need to be done in the act.” 

Jul 07, 2023 02:03 pm IST

Gender minorities, unmarried & divorced women to get ₹800 monthly pension

The government in Karnataka will be hiking the monthly pension payable to unmarried and divorced women and gender minorities from ₹600 to ₹800. 1.32 lakh beneficiaries will be benefited, the budget document read.

Jul 07, 2023 01:59 pm IST

New mega jewellery park in Bengaluru to employ 10,000 people

The Karnataka government will establishment a mega jewellery park in Bengaluru, which will create 10,000 new job opportunities, the budget document revealed. This is in a bid to attract investors in the jewellery sector.

Jul 07, 2023 01:55 pm IST

₹100 crore to establish Karnataka State Christian Development Corporation

CM Siddaramaiah said the government will also establish a Karnataka State Christian Development Corporation at ₹100 crore this year.

Jul 07, 2023 01:51 pm IST

₹8,409 crore for comprehensive development of Bengaluru

₹8,409 crore has further been allocated for the comprehensive development of Bengaluru city in Siddaramaiah's budget.

Jul 07, 2023 01:49 pm IST

Accident insurance of ₹4 lakh for e-commerce delivery executives

Siddaramaiah also announced a total ₹4 lakh accident insurance for e-commerce delivery employees, including those working for Swiggy, Zomato and Amazon, among others.

Jul 07, 2023 01:45 pm IST

Siddaramaiah allots ₹68,479 crore to Welfare and Inclusive Growth

Siddaramaiah announced the allocation made for different sectors, giving ₹33,700 crore to Agriculture and Allied Activities, ₹68,479 crore to Welfare and Inclusive Growth, ₹55,657 crore for Stimulating Economic Growth, ₹3,102 crore for the Conservation of Culture, Heritage and Natural Resources, and ₹56,170 crore for Administrative Reforms and Public Service Delivery.

Jul 07, 2023 01:40 pm IST

Will revise guidance values for all immovable properties this year: Siddaramaiah

Karnataka government will also be revising the guidance values for all immovable properties across the state this year, CM Siddaramaiah said in his budget speech. 

Jul 07, 2023 01:38 pm IST

Will be giving additional financial aid of ₹4000-5000 to each household: Siddaramaiah

Karnataka CM Siddaramaiah in his budget speech on Friday said that the Congress government would be providing an average additional financial aid of ₹4,000 to ₹5,000 a month to each household through its five poll guarantees.

Jul 07, 2023 01:32 pm IST

Additional excise duty on beer hiked from 175% to 185%, says Siddaramaiah

The Karnataka government is also set to increase the additional excise duty on beer from 175% to 185%, CM Siddaramaiah said in his budget speech.

Jul 07, 2023 01:25 pm IST

Revenue collection target fixed at ₹1,62,000 crore: Siddaramaiah

CM Siddaramaiah announced that the revenue collection target has been fixed at ₹1,62,000 crore, which will be extracted from three departments: ₹1,01,000 crore from Commercial department, ₹36,000 crore from Excise department and ₹25,000 crore from Stamps and Registrations.

Jul 07, 2023 01:22 pm IST

Karnataka govt to repeal amendments to APMC Act: Siddaramaiah

The Karnataka government is also set to repeal amendments made to the Agriculture Produce Marketing Committees (APMC) Act during the previous BJP regime, CM Siddaramaiah said in his budget announcement. The Congress government is likely to bring back the older version of the APMC Act while keeping a few provisions of the amended one.

Jul 07, 2023 01:16 pm IST

Anna Bhagya scheme to get ₹10,000 crore annually, says CM

Karnataka CM Siddaramaiah also said the Anna Bhagya scheme, under which every member of a below poverty line (BPL) household would get 10 kg of free rice, got an allottment of ₹10,000 crore annually. The scheme is expected to benefit 4.42 crore beneficiaries.

Jul 07, 2023 01:14 pm IST

Gruha Lakshmi scheme gets ₹24,166 crore: Siddaramaiah

The Gruha Lakshmi scheme, which provides ₹2,000 monthly assistance to the woman head of every family, got an allocation of ₹24,166 crore in Siddaramaiah's 14th budget.

Jul 07, 2023 01:10 pm IST

Siddaramaiah allots ₹100 crore for Indira canteens

Karnataka CM Siddaramaiah has allotted ₹100 crore for the establishment of new Indira canteens and the development of existing canteens across the state.

Jul 07, 2023 01:07 pm IST

Food department gets ₹10,460 crore: CM Siddaramaiah

The Karnataka government has allotted ₹10,460 crore to the Food department, according to CM Siddaramaiah. 

Jul 07, 2023 01:06 pm IST

₹45,000 crore for Bengaluru, announces Karnataka CM

The Congress government in Karnataka has allotted ₹45,000 crore for the development works surrounding capital city Bengaluru, CM Siddaramaiah said.

Jul 07, 2023 01:02 pm IST

Siddaramaiah allots ₹30,000 crore for Namma Metro

CM Siddaramaiah on Friday also said ₹30,000 crore has been allotted to the BMRCL's Namma Metro, to further developments in a bid to ease Bengaluru's ongoing traffic issues.

Jul 07, 2023 01:00 pm IST

Excise duty on liquor hiked by 20%: CM Siddaramaiah

Karnataka CM Siddaramaiah in his budget presentation on Friday said that the excise duty on liquor has been hiked by 20%. This is being seen as a means for the government to extract funds to fulfil their five main poll guarantees in the southern state. 

Jul 07, 2023 12:48 pm IST

11% of total budget allocation goes to Education: CM

CM Siddaramaiah has announced allocations for various sectors, including ₹37,587 crores for Education and ₹24,166 crores for Women and Child Development, which makes up 11% and 7% of the total budget allocation, respectively. ₹14,950 crores, which is 4% of the total allocation, has been given to Health and Family welfare.

Jul 07, 2023 12:44 pm IST

₹5 crore for disease control of crops: Siddaramaiah

For disease control of horticultural crops, the Siddaramaiah-led government has allotted ₹5 crore.

Jul 07, 2023 12:41 pm IST

₹5 crore for smart apps, mini food processing enterprises: Siddaramaiah

Agriculture sector to get another ₹5 crore, to be used for mini food processing enterprises and smart apps, said CM Siddaramaiah.

Jul 07, 2023 12:38 pm IST

₹52,000 crore needed annually to fund five guarantees: Siddaramaiah

Addressing fund allocations for the five poll guarantees of the Congress party, Siddaramaiah said around ₹52,000 crore will be spent annually. He also said the guarantees are expected to benefit 1.3 crore families. (PTI)

Jul 07, 2023 12:35 pm IST

Karnataka to rent agriculture equipment for ₹50 crore: CM

CM Siddaramaiah announced that the state government will invest ₹50 crore to rent advanced equipment and machinery for the agriculture sector and establish 100 hubs for the same.

Jul 07, 2023 12:31 pm IST

State GDP rose by 7.9% in 2022-23, says CM Siddaramaiah

CM Siddaramaiah in his 14th budget speech said that the Gross State Domestic Product (GSDP) has increased by 7.9% in 2022-23.

Jul 07, 2023 12:25 pm IST

‘Total expenditure estimated to be ₹3,27,747 crores’: CM Siddaramaiah

CM Siddaramaiah said the total expenditure is estimated to be ₹3,27,747 crores which includes revenue expenditure at ₹2,50,933 crores, capital expenditure at ₹54,374 crores and loan repayment at ₹22,441 crores. (ANI)

Jul 07, 2023 12:20 pm IST

CM begins budget presentation with quotes from Kuvempu's poem, Karnad's play

CM Siddaramaiah began his 14th budget presentation by quoting reknowned poet Kuvempu, celebrated playwright Girish Karnad, B R Ambedkar and other notable literary figures.

Jul 07, 2023 12:08 pm IST

 CM Siddaramaiah begins budget presentation

Karnataka Chief Minister Siddaramaiah has begun presenting his 14th budget in Bengaluru's Vidhana Soudha. The size of the budget is likely to be ₹3,35,000 crore. Fund allocations for the Congress party's poll promises, dropping the 100% road tax exemption for electric vehicles and a hike on liquor duty are some of the expected announcements. 

Jul 07, 2023 11:51 am IST

‘Will fulfil five guarantees…’: Karnataka transport minister Ramalinga Reddy

Karnataka transport minister Ramalinga Reddy on Friday said all the five guarantees promised in the Congress manifesto will be fulfilled. He was speaking minutes before the budget presentation is set to begin. (PTI)

Jul 07, 2023 11:40 am IST

‘Don’t burden citizens': Ex-CM Bommai to Siddaramaiah

Former CM and BJP leader Basavaraj Bommai asked Siddaramaiah not to “burden” citizens by increasing borrowings ahead of the budget presentation today. “Only six months are left in the fiscal. You won’t need more than ₹20,000-25,000 crore for the guarantees. You won’t have to borrow too much. When I presented a surplus budget, I kept fiscal deficit at 2.7% of the GSDP, ” Bommai said, as quoted by Deccan Herald.

Jul 07, 2023 11:31 am IST

We are committed to fulfilling poll promises, says DK Shivakumar ahead of budget presentation

Karnataka deputy chief minister and KPCC President DK Shivakumar on Friday spoke to reporters ahead of the budget presentation and assured that the government is committed to fulfilling its poll promises. “We are committed to fulfilling our poll promises,” he said. (PTI)

Jul 07, 2023 11:20 am IST

CM likely to introduce bill repealing the Karnataka Land Reforms (Amendment) Act

Amid fund allocations, the Congress government in its budget announcement, may introduce a bill repealing the Karnataka Land Reforms (Amendment) Act, besides another amendment pertaining to the Agricultural Produce Marketing (Regulation and Development) (Amendment) Act, 2020, news agency PTI reported.

Jul 07, 2023 11:10 am IST

Siddaramaiah likely to drop 100% tax exemption for EVs in his budget today: Report

In the budget presentation scheduled today, the Siddaramaiah-led government in Karnataka is expected to slash the 100% road tax exemption for electric vehicles, The Economic Times reported.

Jul 07, 2023 10:55 am IST

Advocates' Association calls on CM ahead of budget presentation day

Karnataka CM Siddaramaiah earlier tweeted that the State Secretary of the Advocates' Association, Kavita Kale, and other members of the association met him and wished him well for the budget session to be held today.

Jul 07, 2023 10:45 am IST

Cong party meeting underway: CM, DCM, G Parameshwara, Shettar in attendance

The Congress legislative party meeting is underway in Bengaluru ahead of the budget presentation today. CM Siddaramaiah, deputy CM DK Shivakumar and other ministers are present at the meeting. (ANI)

Jul 07, 2023 10:35 am IST

'This budget's greatest expectation…': Karnataka minister KJ George

Karnataka Minister KJ George on Friday assured that all five of the Congress party's poll guarantees will be implemented. “We have already started implementing all the promises we made to the people. We will do it. All five guarantees will be implemented. This Budget's greatest expectation - all five guarantees - will be implemented,” he said. 

(ANI)

Jul 07, 2023 10:24 am IST

Natural that people have expectations, says HK Patil ahead of budget presentation

Karnataka Minister HK Patil on Friday said it is natural for people to have high expectations ahead of the budget presentation today. "They also have a lot of confidence in us. Congress party has built that credibility in Karnataka and also in the country. I am sure that we will be able to deliver and people will be happy after the Budget," he said. 

(ANI)

Jul 07, 2023 10:14 am IST

Congress party meeting begins ahead of budget presentation

The Congress Legislative Party (CLP) meeting began ahead of the budget presentation today. CM Siddaramaiah, his deputy DK Shivakumar and other ministers were also present at the meeting.

Jul 07, 2023 10:01 am IST

CM Siddaramaiah arrives at Vidhana Soudha to present budget at 12pm

CM Siddaramaiah is gearing up to present his 14th budget today at 12pm. This is also his seventh budget as a chief minister. The senior Congress leader was seen arriving at the Vidhana Soudha in the state capital Bengaluru.