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Karnataka Budget LIVE Updates: CM presents state budget 2022-23

After two years of Covid-19 induced economic distress, the government has a lot of expectations to cater to. On the back of acute funds crunch, growing debts and assembly elections next year it is expected to be a high stake state budget speech.

Chief minister Basavaraj Bommai to present Karnataka state budget today
Chief minister Basavaraj Bommai to present Karnataka state budget today

The budget session of Karnataka legislature will begin today, with Chief Minister Basavaraj Bommai, who also holds the Finance portfolio, presenting his maiden budget on the first day at 12.30pm. Though economic distress during the last two years due to COVID-19 pandemic seems to have left little room for fiscal manoeuvring, the revenue collection has been improving in recent times, giving some leeway for the Chief Minister to go for some big-ticket announcements.

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Mar 4, 2022, 14:35:02 IST

Develop 20 government schools in Bengaluru at a cost of ₹89cr

500-bed super-specialty hospitals in four parts of Bengaluru under the Public-Private model. The state will build a total of 498 “Namma Clinics” in all wards of Bangalore and major cities of the state. Government will collaborate with Center for implementation of Chennai-Bangalore-Mysore High Speed ​​Rail Corridor Project. 1,500 crore will be allocated to develop mega storm water drains in Bengaluru to prevent flooding in residential areas. Construction of a 500 bed capacity super specialty hospital in four parts of Bangalore. Khelo India University Games 2021 to be organized in Bangalore.

 

Mar 4, 2022, 14:21:36 IST

₹11,250 cr for metro expansion in Bengaluru

A skywalk will be constructed at an expenditure of 45 crore at Banashankari junction in Bengaluru to connect metro station with bus stand and for the safety of pedestrians and street vendors.

For development of phase-3 of Bengaluru Metro 11,250 cr has been allocated, it will extend the services to 32 km outer ring road from Hebbal to JP Nagar and 13 km between Hosahalli and Kadabagere

55 Crore has been allocated for connecting metro stations with railway stations at Whitefield, KR Puram, Baiyappanhalli, Yeshwanthpura and Yelahanka.

Four corridors of sub-urban railway project running 148 km to be completed by 2026 at a cost of 15,267 crore. 

404 crore allocated for infrastructure works at Sir M Visveshwaraiah, Banashankari 6th stage and Anjanapura layouts.

Government will complete acquisition of 1,297 acres of land for Kempegowda Layout 

Mar 4, 2022, 14:10:57 IST

₹8,409 crore allocated for development of Bengaluru city

In a grand gesture to develop Karnataka's capital CM has allocated 6000 crore for city's infrastructure under the Amrit Nagrothana Plan.

15,000 cr has been allocated to build a 32 km outer ring road from Hebbal to JP Nagar; 37 km long road connected Sarjapur to Hebbal, 73 km road from Tumkur road to Old Madras road. 21,091cr for widening the ferry feral ring road.

The government has announced the construction of a Grade Separator to reduce traffic congestion in Goraguntepalya by acquiring 1297 acres of land in Kempegowda development and develop it into a modern smart city.

Mar 4, 2022, 14:01:38 IST

Bengaluru Cluster Seed Fund for startups

Government has announced setting up of a Mega Jewelery Park in Bengaluru which is expected to 10 thousand jobs from the establishment. He also announced setting up of Jeans & Clothing Textile Park in Bellary

Bengaluru Cluster Seed Fund has been set up for startups in Mysore, Mangalore and Hubli at a cost of 20 crore each. 

The Global Emerging Technology Design Center will be launched at the cost of Rs10 crore in 2022-23. 

A grant of 15 crore will be earmarked for the creation of AR / VR pieces of 15 tourist destinations in the state. 50 crores in partnership with the Center and entrepreneurs. He said a grant of 20 crore would be provided for setting up Karnataka Acceleration -Network at a cost.

Mar 4, 2022, 13:45:56 IST

APJ Abdul Kalam Residential School for Muslim Community.

Karnataka to get Seven Karnataka Institute of Technology, on the lines of IITs.

500 cr will be set aside for the development of infrastructure at government schools. Government will invest in establishing digital libraries across the state.

Free coaching to be provided to students of pursuing entrance examinations like UPSC, SSC, NEET, JEE under 'Mukhyamantri Vidyarthi Margadarshini' scheme.

Allocation for mid-day meal cooks and helpers to be increased by 1,000.

New model universities to come up in Chamarajanagar, Bidar, Haveri, Hassan, Kodagu, Koppal and Bagalkot districts. Government will build APJ Abdul Kalam Residential School for Muslim Community.

Mar 4, 2022, 13:43:40 IST

₹1000 cr to strengthen 100 primary health care centres

1,000 cr has been allocated to improve 100 primary health care centres in the state. Kidwai Regional Cancer Centre to be built in Belagavi at the cost of 50 crore. 89 crore will be spent to modernise KR Hospital in Mysuru. 1,000 crore given for Ramanagara Rajiv Gandhi University of Medical Sciences campus. A new regional cardiac center to be set up at 250 crore to come up in Hubballi.

Government to set up 100 hi-tech mobile clinics in places with a high density of construction workers. The bed capacity of ESI hospital to be increased from 50 to 100 in Davanagere and Hubballi

 

Mar 4, 2022, 13:25:26 IST

Budget Overview: Key allocations figures

Total Budet outlay: Rs.2,65,720 crore

Revenue In expenditure Rs.2,04,587 crore

Capital expenditure Rs.46,955 crore 

Repayment - Rs.14,179 crore

 

Allocation made for different Sectors:

1. Agriculture and Allied Activities - Rs.33,700 crore. 

2. Welfare and Inclusive Growth - Rs.68,479 crore 

3. Stimulating Economic Growth Rs.55,657 crore. 

4. Comprehensive Development of Bengaluru Rs.8,409 crore.

5. Conservation of Culture, Heritage and Natural Resources - Rs.3,102 crore. 

6. Administrative Reforms and Public Service Delivery-Rs.56,170 crore.

7. Allocation of grants for Women Empowerment and Welfare in the Budget Rs.43,188 crore. 

8. (Gender Budget) Allocation of grants for Children Welfare in the Budget - Rs.40,944 crore. 

9. (Child Budget) Allocation of grants for SCSP / TSP Rs.28,234 crore. Increase over previous year is Rs.2,229 crore.

10. 1,000 cr to improve 100 Primary health care centres. 750 cr for Dr. BR Ambedkar hostels

11. 165 cr for Kanakadasa Hostels

12. 100 cr for furniture in government high schools and PU colleges. 500 cr for the development of infrastructure at government schools of the state.

13. 1,000 crore fund has been allocated for completion of Mekedatu project

14. Department of Housing has been allocated 3,594 Crore

Mar 4, 2022, 13:18:20 IST

CM allocates ₹1000cr for Mekedatu project

After getting an approval from the centre, the state government will go ahead with the Mekedatu project. 1,000 crore fund has been allocated for this project. Also, the first phase of the Yettinahole project will be complete.   3,000 cr fund for works related to the project has been allocated.

 

Mar 4, 2022, 13:15:38 IST

Bengaluru to get 438 “Namma Clinics” similar to Delhi's mohalla clinics

 438 "Our Clinics" to be set up in Bengaluru, these would be in line with the Delhi model of Mohalla Clinics. Government hospitals with more than 200 beds would be converted to teaching hospitals after obtaining approval from NMC. The government will also increase gau-shalas from 51 to 100 in the state.

50 cr will be allotted for increasing the gau-shalas to preserve local varieties of cattle. 2,000 cattle to be distributed to farmers. Gau Mata Sahakari Sangha to also be set come up in the state. 100 cr allocated for Veera Saiva Lingayata; 40 cr for Maratha development, 10 crores for Kodava race and 50 crores for development of Christians.

Mar 4, 2022, 13:08:54 IST

350 acre Atal Bihari Vajpayee park near Yelahanka in Bengaluru

There is a clamour to increase in green space in Bengaluru so the government will soon set up a 350 acre Atal Bihari Vajpayee park near Yelahanka. 

Department of Housing has been allocated 3,594 Crore 

Government has increased subsidy for women under Widows' Wage scheme and Monthly Pension for Sexual Minorities has been increased to 800 cr.

Acid-hit women's pension has increased from 3,000 to 10,000.

100 new veterinary hospitals will be set up in stages in the state.

Government to invest 100 cr in the Krishi Samruddhi Sahakari Bank

CM say, we will set up a training centre at KR Pet, Mandya on sericulture practices at PPP model. 

Mar 4, 2022, 13:02:26 IST

CM: Service sector grew 9.2% & GSDP growth expected at 9.5%.

During his budget speech Karnataka CM said that the witnessed slow growth due to the Covid pandemic in the last two years. The economy has revived considered revenue collection of the state. Service sector grew 9.2%. GSDP growth expected at 9.5%. 

GST devolution allocation has been increased by around 3,000 cr to 27,000 cr by the Centre due to increased GST revenues. CM has urged Centre to extend GST compensation for states for three more years.

Mar 4, 2022, 12:56:58 IST

Karnataka Budget: Rs. 15000 crore for 7 km long road from Sarjapur to Hebbal in Bengaluru

The CM has allocated 15,000 for construction of a 37 km long road from Sarjapur to Hebbal. The government will also focus on construction of 73 km and 100 m wide Ferraferal Ring Road from Tumkur Road to Old Madras Road and Grade Separator to reduce traffic congestion

CM Bommai has announced setting up of new agriculture college at Hagari in Ballari district and also in Athani, Belagavi district. Dharwad Agri University to have a chair on farmers' welfare.

Mar 4, 2022, 12:52:31 IST

Karnataka Budget: Outlay of the budget is ₹2.6 lakh crore.

CM allocates  <span class='webrupee'>₹</span>1000cr for Mekadatu project
CM allocates <span class='webrupee'>₹</span>1000cr for Mekadatu project

Focusing on agriculture and irrigation in the speech Chief Minister has allocated 1000cr for Mekadatu project. 500 crores has been allocated for farmer empowerment through energy project and purchasing of machinery for procurement of energy 

Mar 4, 2022, 12:39:41 IST

CM Bommai presents Karnataka state budget in Vidhan Soudha

Karnataka CM Bommai begins his first budget speech in Vidhan Soudha. He acknowledges the impact of covid-19 on the state's economic state. He even thanked Prime Minister for his guidance and vision of ease of living.  CM said, “Employment, Education and Empowerment are three values the government will be following.”

Mar 4, 2022, 11:55:41 IST

Karnataka Finance department officials handover budget documents to Chief Minister Bommai

Ahead of his budget speech later today, Chief Minister met Finance Department officials who handed over the budget documents for the year 2022-23. Ministers Govind Karjol, CC Patil and BA Basavaraja, Finance Chief Secretary, ISN Prasad, Secretaries Ek Roop Kaur, PC Zafar and others were also present.

Mar 4, 2022, 11:50:24 IST

Karnataka Budget today: What do Bengalureans want

Hindustan Times spoke to Bengaluru citizens to understand their expectations from their Chief Minister tomorrow.

Mahendra Kumar, a resident of Shanthinagar hopes the budget to include several facilities for senior citizens like him, especially a 50% tariff reduction for travel in buses.

Preeti (name changed), a restaurant owner in Indiranagar wants the budget to focus on the revival of MSME sector. She feels the government should reduce economic stress for start-ups by waiving off SGST on cloud kitchen/ food business.

Tinu Cherian, a communication professional from Bengaluru wants the government to pay attention to infrastructure. “Karnataka is one of highest taxed states in India but city infrastructure is crumbling. I request the government to at least not increase the taxes anymore and focus on improving the civic infrastructure.”

Rajesh, a resident of Kaduodi, also expresses the need to improve overall infrastructure, “we want some extensive budgets for road repair, parks in city suburbs, metro expansion."

Vignan Gowda, a very active resident of Sanjay Nagar talks about the improvement of education. “I would encourage the government to start focusing on improving government schools and implement best practices in line with Delhi government schools. Many public schools in rural areas are deserted due to lack of focus.”

Mar 4, 2022, 11:42:47 IST

Karnataka Budget shortly: CM willing to exempt GST, royalty on construction material

Karnataka Chief Minister Basavaraj Bommai on Monday hinted that his government was ready to offer GST and royalty exemption on cement, steel and other construction material if the Union government bears 25 per cent of the land acquisition cost for the projects.

He was speaking during the foundation laying ceremony for 925 kilometres of national highway projects worth 12,795 crore. Union Minister for Surface Transport and National Highways Nitin Gadkari was present on the occasion and laid the foundation stone for the projects.The Bruhat Bengaluru Mahanagara Palike (BBMP) is expecting some big allocations in the Karnataka Budget, as it faces severe infrastructure lapses and other civic challenges.

Mar 4, 2022, 11:16:18 IST

Karnataka Budget: CM visits Shrikanteshwara Temple in Bangalore ahead of Budget speech

Ahead of his first state Budget the Chief Minister visited the Shrikanteshwara Temple in Bangalore and the Anjaneya Swamy Temple.

Karnataka chief minister Basavaraj Bommai and his predecessor BS Yediyurappa have worked on tight budgets due to financial constraints owing to the fledgling economy in India, exacerbated by the Covid-19 pandemic-induced lockdowns.

The GSDP (gross state domestic product) also contracted by -2.6% last year, registering the first decline in years. Yediyurappa had presented a revenue deficit budget in 2021-22, the first in many decades, as shortfalls in earnings were pegged at 15,133.60 crore.

On account of the higher borrowings to make up for revenue shortfalls, the total debt of the state was up nearly 32% between 2019-20 when it stood at 2.34 lakh crore, which raised to 3.07 lakh crore by 2020-21, according to a Comptroller and Auditor General (CAG) report in December last year.

During the same period, loans and advances from the centre to the state also saw a sharp rise from 13,908 crore to 26,617 crore in the same period.

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