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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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Over 43 lakh names removed from Jharkhand draft voter rolls after special revision

The Election Commission has released Jharkhand’s draft electoral rolls after the Special Intensive Revision, with over 43 lakh names removed and 83.51% of registered voters submitting enumeration forms.

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The Election Commission on Wednesday published the draft electoral rolls for Jharkhand following the completion of the enumeration phase of the Special Intensive Revision (SIR), with more than 43 lakh names removed from the voter list.

Jharkhand Chief Electoral Officer (CEO) K Ravi Kumar said the state had 2,64,63,236 registered voters before the Special Intensive Revision exercise began. Following the completion of the enumeration process, the draft electoral roll now contains 2,21,01,249 electors.

According to the CEO, 2,21,01,249 electors, or 83.51 per cent of the total registered voters, submitted their enumeration forms by July 29, reflecting strong participation in the revision exercise.

Door-to-door verification conducted during revision exercise

The enumeration exercise for the Special Intensive Revision began on June 30 and continued until July 29. During this period, Booth Level Officers (BLOs) carried out door-to-door visits to distribute, collect and verify enumeration forms submitted by eligible voters.

Why over 43 lakh names were removed

A total of 43,61,987 names were deleted from the draft electoral rolls after being identified under the Absent, Shifted, Dead or Duplicate (ASDD) category.

The CEO said the deleted names include:

  • 7.63 lakh voters who had died.
  • 15.92 lakh voters who had permanently shifted.
  • 14.50 lakh voters who were untraceable or remained absent during the verification exercise.
  • 4.38 lakh voters whose names were found registered at multiple locations.

In addition, around 1.16 lakh voters refused to sign the enumeration forms and did not return the completed forms to Booth Level Officers during the enumeration phase, the CEO added.

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Lok Sabha passes Bankers’ Books Evidence Bill, 2026 to recognise digital bank records as evidence

The Lok Sabha has passed the Bankers’ Books Evidence Bill, 2026, replacing the colonial-era law and recognising digital, electronic and cloud-based bank records as admissible evidence in courts.

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The Lok Sabha on Wednesday passed the Bankers’ Books Evidence Bill, 2026, paving the way for digital and electronic bank records to be recognised as admissible evidence in courts. The proposed law aims to replace the colonial-era Bankers’ Books Evidence Act, 1891 and update the legal framework in line with modern banking practices.

Bill passed amid opposition protests

The legislation was passed through a voice vote after persistent disruptions in the House prevented a detailed discussion.

When the Lok Sabha reconvened at 2 pm following an earlier adjournment, opposition members continued raising slogans despite repeated appeals from the Chair to take up the Bill for discussion.

Finance Minister Nirmala Sitharaman moved the Bill for consideration and passage amid the disruptions. With the protests continuing, the House passed the legislation without a debate. The Bill had been introduced in the Lok Sabha on Monday.

What the new Bill proposes

The proposed law, to be known as the Bankers’ Books Evidence Act, 2026, seeks to modernise the legal framework governing bank records used in legal proceedings.

According to the statement of objects and reasons, rapid technological advancement and the growing use of digital banking have made it necessary to update the existing law, which was enacted when banking records were maintained primarily in physical form.

The Bill expands the definition of “bankers’ books” to include records maintained in physical, electronic, digital, virtual, cloud-based and other formats. This aims to create a technology-neutral and future-ready legal framework for the banking sector.

Key provisions of the legislation

The Bill also proposes standardised certificate formats and allows authentication through manual, digital or electronic signatures. It expressly recognises electronic bank records as admissible evidence and permits their production in either physical or electronic form during legal proceedings.

Another provision empowers the central government to extend the applicability of the law to other entities or classes of entities operating in the financial sector, subject to specified conditions.

The legislation also defines the term “special cause”, under which a court may direct a bank officer to produce bankers’ books or appear as a witness to prove transactions, accounts or other matters in legal proceedings where the bank is not a party.

Why the law is being replaced

The existing Bankers’ Books Evidence Act, 1891 was enacted during the pre-independence period to allow certified copies of bank records to be accepted as evidence without requiring the original records to be produced before the court.

Since the law was framed when banking records were predominantly maintained in physical form, the government has proposed replacing it with legislation better suited to today’s digital banking ecosystem.

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Meta executive Joel Kaplan apologises over restriction of PM Modi’s social media post

Meta’s Chief Global Affairs Officer Joel Kaplan apologised to IT Minister Ashwini Vaishnaw after the company admitted it mistakenly restricted Prime Minister Narendra Modi’s social media post before restoring it.

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Meta’s Chief Global Affairs Officer Joel Kaplan on Wednesday apologised to Union IT Minister Ashwini Vaishnaw on behalf of the company after Prime Minister Narendra Modi’s social media post was mistakenly restricted.

Kaplan said he conveyed the apology to the minister over what he described as an error that led to the restriction of the Prime Minister’s post.

Meta says restriction was an error

Prime Minister Narendra Modi had shared a vertical video on July 23 in which he addressed the public directly. According to Meta, the video was briefly removed from Facebook and Instagram before being restored.

The company attributed the removal to a technical glitch and said the content had been taken down in error before being reinstated on its platforms.

Government found explanation inadequate

The Ministry of Electronics and Information Technology (MeitY) reviewed the incident and described Meta’s initial explanation as “inadequate”. The company subsequently maintained that the removal was unintentional and restored the post.

India remains Meta’s largest user market, with hundreds of millions of people using Facebook, Instagram and WhatsApp.

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