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The Latest Breaking News from Budget

Karnataka Siddaramaiah presents ‘guarantee Budget’ with promise of welfare for all

For promoting inclusive development, Chief Minister Siddaramaiah on Friday presented a Budget with focus on welfare for the benefit of the common man by relaunching several discontinued schemes and offering interest-subsidy loans for people at the margins.

The Hindu

Mixed reactions to Karnataka Budget

The Budget for the year 2023-24 presented by Chief Minister Siddaramaiah on Friday received mixed reactions from various quarters. While ruling party leaders have welcomed it, the Opposition has criticised it.

The Hindu

Velodrome to come up in Mysuru

A velodrome will be established in Mysuru at a cost of ₹10 crore, according to the State Budget 2023-24 presented by Chief Minister Siddaramaiah on Friday.

The Hindu

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Airstrips proposed in Dharmasthala, Kodagu and Chikkamagaluru; ecologists question move

Karnataka government has proposed to develop airstrips in Dharmasthala, Kodagu and Chikkamagaluru with the intention of “promoting tourism, industrial sector and support disaster management measures.”

The Hindu

State to offer ₹4 lakh life, accident cover to gig workers, but they demand more

Gig workers in Karnataka will be provided a life insurance cover of ₹2 lakh and accidental insurance of another ₹2 lakh, proposed the state Budget 2023-24, that was presented here on Friday.

The Hindu

No bonanza for ‘Brand Bengaluru’

Contrary to expectations, the much hyped “Brand Bengaluru” initiative spearheaded by Deputy Chief Minister D.K. Shivakumar, who also holds charge of the city, seems to have added little new for the city in the Karnataka Budget that Chief Minister Siddaramaiah presented on Friday, July 7.

The Hindu

Amidst fear of drought, Budget reintroduces Krishi Bhagya climate resilient scheme

Amidst fear of drought looming large over Karnataka, the State Budget 2023-24 presented by Chief Minister Siddaramaiah has proposed to reintroduce the erstwhile Congress government’s flagship scheme of Krishi Bhagya that seeks to turn dry-land farming into climate resilient through rainwater conservation measures.

The Hindu

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Karnataka Budget proposes new 37 km of Namma Metro line from Hebbal to Sarjapur in Bengaluru

Karnataka government has proposed construction of a new metro line of about 37 km between Hebbal and Sarjapur at an estimated cost of ₹15,000 crore. The State government will be submitting a proposal to the Union government for approval.

The Hindu

Siddaramaiah’s Budget makes clear affirmation that welfare has the pride of place

For those wondering if the five guarantees the Congress offered were solely to gain electoral victory or were a part of a more definitive longer-term strategy, Chief Minister Siddaramaiah’s Budget provides a clear answer.

The Hindu

Navale Balancing Reservoir continues to find mention in Budget without fund allocation

The Navale Balancing Reservoir, a new dam proposed to be built across River Tungabhadra near Navale village in Koppal taluk, is a permanent announcement in most Budgets presented in the last few years. However, no Budget has made any specific allocations for implementing the project.

The Hindu

Tourism sector in focus as museums across Karnataka set for modern uplift

Museums became the centres of attention of the tourism sector in the Budget. Chief Minister Siddaramaiah announced that “Karnataka Archaeological Museum and Art Gallery” will be established in Mysuru on a two-and-a-half-acre government land near Chamundi Vihar stadium to exhibit the rich art and cultural heritage of Karnataka.

The Hindu

No announcement on Rahul’s promise of making Ballari ‘jeans capital of India’

People in Ballari are understandably upset with the Budget 2023-24 presented by Chief Minister Siddaramaiah on Friday. For, it did not mention any measure to meet Congress leader Rahul Gandhi’s promise to make Ballari the ‘jeans capital of India’.

The Hindu

Kittur and Kalyana Karnataka get a fair deal in Siddaramaiah’s Budget

Kittur Karnataka and Kalyana Karnataka regions seem to have been given a fair deal in the Budget presented by Chief Minister Siddaramaiah on Friday, with several districts of the region being included for various projects apart from continuing and strengthening some old schemes and projects.

The Hindu

Budget session of Karnataka legislature begins today

The ruling Congress and Opposition BJP and Janata Dal (Secular) are set for the first major showdown after the former took over the reins of power in the State as the Budget session gets under way from Monday.

The Hindu

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The Hindu

After spectacular victory, Congress faces first test in 10-day Budget session starting Monday

After a spectacular victory in the Karnataka Legislative Assembly elections and completing over 50 days in power, the Congress government is expected to face its first test in the Budget session of the State Legislature that begins on Monday, with the Opposition getting ready with its strategy to attack the…

The Hindu

State Budget size may be in the range of ₹3.3 lakh crore to ₹3.35 lakh crore: CM Siddaramaiah

Indicating that about ₹59,000 crore to ₹60,000 crore is required annually to fund the five pre-poll guarantees of the Congress, Chief Minister Siddaramaiah on Monday said that the State Budget size is likely to be about ₹3.3 lakh crore to ₹3.35 lakh crore this year.

The Hindu

Centre clears ₹56,415 crore to 16 States for capital investment under special assistance scheme

The Ministry of Finance has approved capital investment proposals of ₹56,415 crore for 16 States in the current financial year under a special assistance scheme announced in the Budget.

Newsroom.co.nz

National learns lesson from 'boot camps' with new policy

National's new criminal sentencing policy offers up longer sentences for offenders, better rehabilitation and more cash for victims.

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The Hindu

Meeting of legal and constitutional experts will be convened after Budget session: Siddaramaiah

The Congress government will not provide reservations recklessly, Chief Minister Siddaramaiah on Friday said and added that he would consult legal experts on the issue of providing 2A reservation under the backward classes category for Panchamasalis and bringing the community under the Central OBC list.

The Hindu

NSS presents ₹144.25-crore Budget with focus on health services, colleges

The annual Budget of the Nair Service Society (NSS) presented on Saturday by general secretary G. Sukumaran Nair provides for an income and expenditure of ₹144.25 crore.

The Hindu

Commission mafia will be controlled to revive Karnataka's financial health: CM Siddaramaiah

Chief Minister Siddaramaiah met a delegation of contractors led by KSCA President D. Kempanna in Bengaluru on June 23 and promised that following the Budget session, he would convene a meeting of Finance Department and BBMP officials to sort out the pending bills issue.

Chicago Sun-Times

Brandon Johnson not taking Lori Lightfoot’s word on city finances

With his financial team now in place, the new mayor will do his own forecast and hold several community meetings next month. His predecessor’s “midyear” budget forecast in April claimed an $85 million shortfall — among the lowest in recent Chicago history.

Investors Business Daily

CAR Stock Hits The Gas After Upgrade, Major Price Target Boost

CAR stock jumped early Tuesday after Morgan Stanley upgraded Avis Budget on the car rental company's strong fleet, expense management.

The Hindu

Experts suggest hiking entertainment tax and other measures to mop up revenue for implementing five guarantees

As the Congress government in Karnataka has begun implementing its five guarantees promised in the party’s poll manifesto, experts in different fields have suggested increasing the entertainment tax, much of which comes from the well-off, and increasing non-tax revenue, largely in the form of user charges for services, for meeting…

Irish Mirror

Micheál Martin vows help's on the way for cash-strapped mortgage holders - but not until Budget time

Homeowners have been hit with another hammer blow of an interest rates hike, but Tanaiste Micheal Martin has promised help is soon coming

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