A budget, in simple terms, is a statement presented by the government (here Finance Minister) to the State Assembly or the Parliament outlining the government’s probable expenditure for the ensuing financial year and the revenue needed to meet this expenditure. This includes proposed taxes to raise this money. Karnataka’s coalition government of JD(S) and Congress…
Loan waiver: Farmers to protest in Bengaluru tomorrow
July 8, 2018Bengaluru: Upset with Chief Minister H.D. Kumaraswamy (HDK) for not keeping his promise of a “full waiver,” farmers have now decided to stage a State-wide protest demanding waiver of all loans to the tune of a whopping Rs.1.20 lakh crore. The first protest by farmers will be held in Bengaluru on July 9 (tomorrow) to…
CM playing Favourites?
July 7, 2018Chief Minister H.D. Kumaraswamy at a post-budget press conference asked, “What is wrong if I give a little more to the districts that voted for our party?” He was talking about Mandya, Hassan and Ramanagara districts that voted overwhelmingly for JD(S) and got special attention in his budget. Well, favouritism is wrong in a democracy….
Neglect of Kodagu, Coastal districts in Budget flayed
July 6, 2018Madikeri/ Mangaluru: Has the absence of JD(S) in Kodagu and Coastal districts denied the region of any budgetary benefits? This doubt has been raised by various sections of society as the budget has not given any specific project to Kodagu and Coastal districts of Udupi and Dakshina Kannada. People feel that the concern which CM…
State Budget: Robbing Peter to pay Paul!
July 6, 2018By Dr. K. Javeed Nayeem, MD Our ‘Mannina Maga’ has indeed launched or rather unleashed on us a very powerful State Budget. If not anything else, it is clearly and only a ‘LET US STAY IN POWER’ budget! The thing that stands out in this budget is the farm loan waiver which was the main…
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