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Siddaramaiah presents record 17th Karnataka budget with Rs 4.48 lakh crore spending plan

Karnataka CM Siddaramaiah presented his record 17th budget, outlining a Rs4.48 lakh crore spending plan for 2026–27 with focus on infrastructure, welfare and technology.

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Chief Minister Siddaramaiah on Friday presented his 17th State Budget, the highest number delivered by any Karnataka chief minister, outlining a Rs 4.48 lakh crore spending plan for the financial year 2026–27.

The budget indicates that the state will continue to run a revenue deficit for the third consecutive year, even as the government focuses on welfare programmes, infrastructure development and technology investments.

According to the budget estimates, total revenue receipts are projected at Rs3,15,050 crore. This includes Rs 2,20,000 crore from the state’s own tax revenue, Rs16,000 crore from non-tax revenue, and Rs79,050 crore in transfers from the Government of India.

The government has also projected gross borrowings of Rs 1,32,000 crore and non-debt capital receipts of Rs190 crore, taking total receipts to Rs 4,47,240 crore for the fiscal year.

Meanwhile, overall expenditure is estimated at Rs 4,48,004 crore, divided into Rs 3,38,007 crore in revenue expenditure, Rs 74,682 crore in capital expenditure, and Rs 35,316 crore towards loan repayments.

The state has projected a revenue deficit of Rs 22,957 crore, while the fiscal deficit is estimated at Rs97,449 crore, which equals 2.95% of the Gross State Domestic Product (GSDP).

Total liabilities by the end of the year are expected to reach Rs 8,24,389 crore, accounting for 24.94% of the state’s GSDP. The government said both deficit levels remain within limits set under the Karnataka Fiscal Responsibility Act, indicating adherence to fiscal discipline.

Mekedatu project and student protection law

The government said a revised Detailed Project Report for the Mekedatu Dam Project will soon be submitted to the Centre along with a request for forest clearance. The project is intended to improve drinking water supply for Bengaluru but has faced opposition from Tamil Nadu in the past.

Another major announcement was the proposed Rohith Vemula Act, which aims to prevent caste-based discrimination and atrocities against students in government, private and deemed universities across the state.

Welfare and infrastructure focus

Under tribal welfare initiatives, the government will construct the Sri Maharshi Valmiki Administrative Soudha in Bengaluru’s Sumanahalli at an estimated cost of Rs 50 crore. The building will house offices of the Scheduled Tribes Welfare Department.

The budget also proposed the development of Waqf properties located in prime commercial areas through a Public-Private Partnership model, aiming to unlock their economic potential.

For urban infrastructure, Rs 1,255 crore has been allocated for ward-level road and infrastructure projects across five city corporations in Bengaluru.

The government also plans to develop 100 Miyawaki urban forests, which use dense plantations of native species to create green spaces in urban areas.

Push for technology and innovation

To encourage investment and improve ease of doing business, the state launched a unified investment portal developed with the support of Microsoft, providing more than 100 services across 30 departments for investors.

The Indian Institute of Science will host the Bangalore Robotics and AI Innovation Zone (BRAIN) under ARTPARK in collaboration with the Indian Space Research Organisation and Karnataka State Electronics Development Corporation Limited.

Additionally, a drone testing and performance evaluation facility will be established in Chikkaballapur to support the state’s growing drone technology ecosystem.

Mysuru to be developed as second IT hub

The government also announced plans to develop Mysuru as Karnataka’s second IT hub, aiming to reduce congestion in Bengaluru while promoting technology-driven growth in other regions of the state.

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Vijay allocates Tamil Nadu’s lone Rajya Sabha seat to Congress

Tamil Nadu Chief Minister Vijay has handed the state’s lone vacant Rajya Sabha seat to Congress, strengthening alliance ties ahead of the upcoming Upper House elections.

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Tamil Nadu Chief Minister and TVK chief Vijay has allotted the state’s lone vacant Rajya Sabha seat to alliance partner Congress, a move that further strengthens cooperation between the two parties after the formation of the new government. The decision comes ahead of the Rajya Sabha elections scheduled for June 18.

The allocation is being seen as an important political gesture by Vijay towards Congress, which has emerged as a key ally of the ruling coalition in Tamil Nadu. Congress currently has five MLAs supporting the government and is also represented in the state cabinet.

Sources indicate that senior Congress leader and All India Congress Committee functionary Praveen Chakravarty is likely to be the party’s nominee for the Rajya Sabha seat. His nomination is expected to be filed in the coming days.

Move reinforces TVK-Congress partnership

The decision follows recent interactions between senior Congress leaders and the Tamil Nadu leadership, including a meeting between veteran Congress leader P. Chidambaram and Chief Minister Vijay. Political observers view the Rajya Sabha seat-sharing arrangement as another step towards consolidating the alliance ahead of future electoral contests.

Congress had reportedly sought the Rajya Sabha berth from its ally, and the allocation is expected to increase the party’s representation in the Upper House from Tamil Nadu. With the latest development, Congress is set to have two Rajya Sabha members from the state along with representation in the state government.

The Rajya Sabha bypoll had earlier been viewed as an opportunity for Vijay’s TVK to secure its first direct entry into Parliament. However, the party chose to back its ally, highlighting the importance it places on coalition politics and alliance management.

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Union Cabinet approves Rs.10,000 crore jet fuel price stabilisation fund to support airlines

The Centre has approved a Rs. 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund to support airlines and oil companies facing pressure from rising global fuel prices.

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The Union Cabinet on Wednesday approved a one-time budgetary support of up to Rs. 10,000 crore to help stabilise Aviation Turbine Fuel (ATF) prices for scheduled Indian airlines, offering relief to a sector grappling with elevated fuel costs amid global geopolitical tensions.

The government said the financial support will be provided to oil marketing companies (OMCs) to offset under-recoveries arising from supplying aviation fuel at moderated rates. The move is aimed at reducing the impact of sharp fuel price fluctuations on airlines and ensuring continuity of air services.

Why the government approved the fund

The decision comes as aviation fuel prices remain under pressure due to the ongoing crisis in West Asia, which has pushed up global energy costs. Fuel is one of the largest operating expenses for airlines and can account for up to 40% of total operating costs.

According to the government, the fund is intended to help maintain stable aviation operations and protect domestic and international air connectivity from disruptions caused by fuel price volatility.

How the fund is expected to help airlines and passengers

By cushioning the impact of rising fuel prices, the stabilisation mechanism is expected to ease financial pressure on airlines and limit the extent of fare increases that could otherwise be passed on to passengers. The support will be routed through OMCs, which have been bearing the burden of moderated fuel pricing.

Reports indicate that the fund has been designed as a stabilisation mechanism that can help the aviation sector manage periods of extreme fuel price volatility triggered by international crises.

Part of broader Cabinet decisions

The ATF Price Stabilisation Fund was among several key decisions approved by the Cabinet on Wednesday as part of a wider package covering aviation, transport and infrastructure initiatives.

The government said the measure is aimed at safeguarding the aviation ecosystem and ensuring that air services remain sustainable despite global market uncertainties.

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Virat Kohli’s advice to Vaibhav Sooryavanshi after IPL 2026 final wins fans online

Virat Kohli’s motivational message to teenage star Vaibhav Sooryavanshi after the IPL 2026 final has gone viral, with fans praising the veteran’s support for the young batter.

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A brief conversation between Virat Kohli and teenage batting sensation Vaibhav Sooryavanshi after the IPL 2026 final has captured the attention of cricket fans across social media.

Following Royal Challengers Bengaluru’s title-winning campaign, Kohli was seen sharing words of encouragement with the Rajasthan Royals youngster, who emerged as one of the biggest stars of the season. A video of the interaction was later shared by RCB and quickly went viral.

During the conversation, Kohli praised Sooryavanshi’s achievements and reminded him that his success was built on hard work and self-belief. The veteran batter also advised the youngster not to be distracted by public opinions or outside commentary.

One line from Kohli’s message particularly resonated with fans. Referring to the Bihar-born cricketer, he said, “Ek Bihari, sab pe bhaari,” while encouraging him to continue aiming higher in his career.

Sooryavanshi enjoyed a remarkable IPL 2026 season for Rajasthan Royals. The teenage opener finished as the tournament’s leading run-scorer with 776 runs and secured the Orange Cap. His aggressive batting approach and consistency made him one of the standout performers of the competition.

While Kohli celebrated another IPL title with Royal Challengers Bengaluru, Sooryavanshi walked away with several individual accolades after a breakthrough season that established him as one of India’s most exciting young cricket talents.

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