City
Epaper

Karnataka Budget 2023: Key announcements from CM Siddaramaiah's 14th budget

By Lokmat English Desk | Updated: July 7, 2023 14:39 IST

1) Congress' five poll guarantees to cost ₹52,000 crore annually:Karnataka CM Siddaramaiah while presenting the budget in the state ...

Open in App

1) Congress' five poll guarantees to cost ₹52,000 crore annually:

Karnataka CM Siddaramaiah while presenting the budget in the state assembly informed that government will provide an additional financial aid of ₹4,000 to ₹5,000 a month to each household through the five poll guarantees promised in the Congress party's manifesto. The five guarantees will cost the exchequer approximately ₹52,000 crore annually and are expected to benefit around 1.3 crore families

2) Liquor to get costlier:

Karnataka government has decided to hike the additional excise duty on Indian Made Foreign Liquor (IMFL) by 20% on all 18 slabs. CM Siddaramaiah informed that the duty on beer will be increased from 175 percent to 185 percent.

3) Karnataka allocates 11% of budget for Education:

Karnataka government has announced that Education will be allocated ₹37,587 crore or almost 11 percent of the budget on Education while ₹24,166 or around 7 percent of the budget was been allocated for Women and Child Development.

5) ₹30,000 crore allocated to Namma Metro:

In a bid to ease the traffic issue in Bengaluru, Karnataka CM Siddaramiah has allocated ₹30,000 crore for the development of BMRCL's Namma Metro project. The Chief Minister has also announced ₹8,409 crore for the comprehensive development of Bengaluru city.

 

7) BengaluruWaterSupplyandSewerage

 (BWSSBwill upgrade 20 Sewage Treatment Plants by March 2026 at a cost of Rs.1,411 crore. BWSSB will execute this project using its own funds. Once completed, this project will ensure sustainable management of water supply and protection of natural ecosystem in BBMP limits. 

"There is no good metro or road connectivity to Sir M. Visveswaraya Terminal constructed by the South Western’ Railways near Baiyyappanahalli in Bengaluru," says the CM announcing a new flyover to be constructed at the cost of Rs.263 crore. 

Tags: Karnataka Budget 2023Siddaramaiah
Open in App

Related Stories

NationalBengaluru Stampede: CM Siddaramaiah Raises Compensation for Victims’ Families to Rs 25 Lakh

NationalBengaluru Stampede: Karnataka CM Siddaramaiah Announces Rs 10 Lakh Compensation for Families of Deceased, Free Treatment for Injured; Orders Magisterial Inquiry

National‘Unaware of Kannada History’: CM Siddaramaiah Takes a Dig at Kamal Haasan for Language Remarks

NationalRuckus in Karnataka Assembly as BJP MLAs Enter Well, Tear Papers Before Speaker; Session Adjourned (Watch Video)

National“It Is Unfortunate,” Says Union MoS Bhagirath Choudhary on KTPP Act (Watch Video)

National Realted Stories

NationalParliament being disrupted, confusion over SIR unfortunate: Giriraj Singh slams Oppn

National11,535 coaches fitted with CCTV cameras to enhance passenger safety: Ashwini Vaishnaw

NationalSC seeks ECI’s response on omission of voters in Bihar draft rolls

NationalProduction of electronics goods up six times in last 11 years, exports up 8 times

NationalCongress dharna is for Muslim reservation, says MoS Bandi Sanjay