3G: Guarantee schemes, GDP growth, good rain put Karnataka in better shape, but infra hit
1 week, 3 days ago

3G: Guarantee schemes, GDP growth, good rain put Karnataka in better shape, but infra hit

New Indian Express  

The severe drought in 2023, global economic slowdown and post-Covid crisis over the last few years had slowed down the economy in Karnataka. Now, good rain, state- But as the state is spending massive amounts on implementing guarantee schemes, infrastructure development has taken a hit. Just a few weeks ago, the Chief Minister’s Office released a statement that the state continues to drive India’s economic progress, registering a robust GSDP growth of 10.2% for 2023-24, significantly surpassing the national average of 8.2%, according to data from the Ministry of Statistics and Programme Implementation. “The state achieved this feat despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets,” it stated. The money is mostly spent on groceries, soaps, detergents, toothpaste, oil and other essentials that give 15% back to the state government in terms of GST,” a retired bureaucrat said.

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Karnataka planning to levy 'green cess' to ease financial strain from guarantees?
Trending News
1 month, 3 weeks ago

Karnataka planning to levy 'green cess' to ease financial strain from guarantees?

India Today  

The Karnataka government’s proposed ‘green cess’ has run into political difficulties even before a draft has been tabled. In its first budget after being elected, the Congress government announced a 20% hike in excise duty on Indian Made Foreign Liquor and a 10% increase on beer prices in the July 2023 state budget. Karnataka’s financial challenges also led the state …

Economic Growth in Karnataka: A Story of Triumph and Disillusionment
2 months, 1 week ago

Economic Growth in Karnataka: A Story of Triumph and Disillusionment

The Hindu  

Karnataka's economic growth has been praised by the state's in-charge minister, Laxmi Hebbalkar. She highlighted the five guarantee schemes implemented by the government, which have eased the burden of beneficiaries and boosted the economy of the State. The government's focus on attracting more investments and empowering Kannada and people's cooperation is also highlighted.

CM claims guarantee schemes providing ₹4,000 per month to each family in Karnataka
3 months, 3 weeks ago

CM claims guarantee schemes providing ₹4,000 per month to each family in Karnataka

The Hindu  

Chief Minister Siddaramaiah has said that the State government’s guarantee schemes have been benefiting lakhs of people, providing assistance of at least ₹4,000 per month to each family, thereby strengthening their financial stability. Speaking at the launch of 100 BS-6 diesel buses, part of a larger fleet of 840 buses for the Bengaluru Metropolitan Transport Corporation, on Thursday, Mr. Siddaramaiah …

5 guarantees will continue, reiterates Karnataka CM
4 months, 3 weeks ago

5 guarantees will continue, reiterates Karnataka CM

The Hindu  

Putting to rest speculations about Karnataka government planning to stop the five guarantee schemes or tweaking them with more exclusionary clauses, Chief Minister Siddaramaiah categorically said that they will be continued for the full term of his government. “We will give a befitting reply through economic growth of Karnataka to those who made the prophecy that the State will go …

Karnataka minister seeks review of five guarantee schemes
4 months, 3 weeks ago

Karnataka minister seeks review of five guarantee schemes

Hindustan Times  

Public works department minister Satish Jarkiholi on Wednesday ignited a debate by suggesting that Karnataka’s guarantee schemes should be revised to ensure that only economically weaker sections benefit, potentially saving the state exchequer an estimated ₹10,000 crore annually. During a media interaction in Bengaluru, Jarkiholi said that the intention behind the guarantee schemes is to uplift the poor, not to …

Milk producers await payments worth ₹602cr; govt says facing fund crunch
5 months, 1 week ago

Milk producers await payments worth ₹602cr; govt says facing fund crunch

Hindustan Times  

Karnataka’s milk producers are grappling with a staggering backlog in payments amounting to ₹602.84 crores, affecting approximately 8,92,000 people, including those in the home district of chief minister Siddaramaiah. This financial strain has been exacerbated by the state’s ambitious implementation of the five guarantee schemes, which have placed immense pressure on the government’s finances. In Karnataka assembly, animal husbandry and …

Karnataka must balance welfare with growth
6 months, 2 weeks ago

Karnataka must balance welfare with growth

New Indian Express  

A year into its tenure, the Karnataka government is beginning to feel the burden of its successful ‘guarantee schemes’. With the Lok Sabha elections done, the Siddaramaiah government has set about raising resources to fund the schemes, which arguably are popular among the 5.10 crore beneficiaries. Having raised stamp duty by 200-500 percent earlier this year, it has now raised …

Karnataka’s GST collection increased owing to guarantee schemes: Siddaramaiah
9 months, 3 weeks ago

Karnataka’s GST collection increased owing to guarantee schemes: Siddaramaiah

The Hindu  

Chief Minister Siddaramaiah has claimed that the collection of Goods and Services Tax in Karnataka has increased on account of the implementation of guarantee schemes of the Congress government in the State. Addressing a gathering of beneficiaries of various guarantee schemes of the State government in Chamarajanagar near here on Tuesday, Mr. Siddaramaiah said the GST collection in Karnataka had …

5-Guarantees helped to stop migration of people during drought in Karnataka, says CM
10 months ago

5-Guarantees helped to stop migration of people during drought in Karnataka, says CM

Deccan Chronicle  

BENGALURU: The 5-guarantee schemes of the ruling Congress government in Karnataka has helped arrest migration of people from rural areas to urban areas in search of livelihood and also to mitigate the intensity of drought, said Chief Minister Siddaramaiah while stating that as many as 1.24 crore families have been befitted from the 5-schemes such as free travel for women, …

Guarantees will push Karnataka into financial crisis: Bommai
10 months, 2 weeks ago

Guarantees will push Karnataka into financial crisis: Bommai

The Hindu  

The State will be heading towards a “financial crisis” if the Congress government continues to implement its five guarantees without mobilisation of revenue for another 2-3 years and spends loans of ₹1.05 lakh crore for meeting the revenue expenditure in the year 2024-25, said former Chief Minister and BJP leader Basavaraj Bommai. Speaking on the State Budget tabled in the …

‘Karnataka is not bankrupt, budget size has increased despite guarantee schemes’
10 months, 3 weeks ago

‘Karnataka is not bankrupt, budget size has increased despite guarantee schemes’

The Hindu  

Launching a counter-attack on the political opponents who have alleged that the State has become bankrupt owing to the guarantee schemes, Chief Minister Siddaramaiah has said the State has not gone bankrupt and on the contrary, the Budget size has increased significantly. Speaking after launching several projects at the SP office and after laying foundation stone for drinking water works …

Karnataka budget: CM allocates ₹52,000 cr welfare funds on 5 guarantee schemes
10 months, 3 weeks ago

Karnataka budget: CM allocates ₹52,000 cr welfare funds on 5 guarantee schemes

Hindustan Times  

Bengaluru: Karnataka chief minister Siddaramaiah on Friday presented his 15th Budget, announcing an outlay of Rs.3.71 lakh crore for the state this financial year. Karnataka chief minster Siddaramaiah with a bag containing budget papers arrived at Vidhana Soudha, in Bengaluru on Friday Despite a presenting revenue deficit budget, the chief minister pinned his hopes on the government’s guarantee schemes to …

Chief Minister Siddaramaiah Gruha Jyothi Free Power Scheme Karnataka Congress PM Modi
1 year, 5 months ago

Chief Minister Siddaramaiah Gruha Jyothi Free Power Scheme Karnataka Congress PM Modi

ABP News  

Congress-led Karnataka government on Saturday officially launched ‘Gruha Jyothi’ free power scheme for people in the state. While formally launching the scheme by giving away the "zero bill" to 10 people symbolically, Chief Minister Siddaramaiah and Congress national President Mallikarjun Kharge strongly hit out at Prime Minister Narendra Modi, who earlier accused the ruling Congress of "emptying" state coffers to …

Karnataka CM Siddaramaiah announces timeline for implementing ‘five-guarantees’
1 year, 7 months ago

Karnataka CM Siddaramaiah announces timeline for implementing ‘five-guarantees’

Live Mint  

Karnataka Chief Minister Siddaramaiah on Friday announced that the ‘five guarantees’ promised by Congress during its election campaign will be implemented in the present financial year. “200 units of electricity will be given for free…Consumers who haven't paid their bills till July will have to pay,” the Chief Minister said. The 'Gruha Lakshmi' guarantee under which the Congress promised to …

Karnataka: All 5 guarantees will be implemented in present financial year, announces CM Siddaramaiah
1 year, 7 months ago

Karnataka: All 5 guarantees will be implemented in present financial year, announces CM Siddaramaiah

India TV News  

5 guarantees in Karnataka: As promised, Karnataka Chief Minister Siddaramaiah announced on Friday that all five guarantees will be implemented in the current financial year at a cost of approximately Rs 50,000 crore every year. What are the five guarantees 200 units of free power to all households, Rs 2,000 monthly assistance to the woman head of every family, 10 …

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