With Rs 52,000 cr for guarantees, CM Siddaramaiah presents budget of Rs 3.27 lakh cr

With Rs 52,000 cr for guarantees, CM Siddaramaiah presents budget of Rs 3.27 lakh cr

Karnataka Chief Minister Siddaramaiah presented a budget of Rs 3.27 lakh crore on Friday. (Express Photo) Karnataka Chief Minister Siddaramaiah on Friday presented a budget of Rs 3.27 lakh crore, of which Rs 52,000 crore will be spent to fulfil the five pre-poll guarantees of the ruling Congress.

To finance these schemes and fill the government coffers, Siddaramaiah has hiked excise tax by 20 per cent and revised guidance values of properties and raised revenue collection targets for the commercial tax, transport, and mines and geology departments.

“Through our five guarantees, in a year, approximately Rs 52,000 crore will be spent […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.