Bengaluru: Amid intense mudslinging over the delay in release of drought relief funds to the State from the Central Government, Union Finance Minister (FM) Nirmala Sitharaman has clarified that the delay was not intentional as the Centre was awaiting permission from Election Commission of India (ECI) to conduct High Power Committee meeting. Addressing a press…
Mysore/Mysuru: Chief Minister Siddaramaiah dared Union Finance Minister (FM) Nirmala Sitharaman for an open debate on the funds owed to State Government by the Centre. He was speaking during a convention organised at Bhootale Grounds in Vidyaranyapuram in the city on Wednesday, where BJP leader and former Chairman of Mysuru Urban Development Authority (MUDA) H.V….
Ten-year Narendra Modi era has transformed India from despair to optimism: Finance Minister Tax devolution: UPA Vs NDA Tax devolution to Karnataka surged by 258 percent from 2014 to 2024 compared to the 10-year tenure of UPA government. Grants to the States rose by 273 percent during the NDA period. Between 2004 and 2014, Karnataka…
Mysore/Mysuru: Without directly referencing the present Congress-led State government or mentioning Chief Minister Siddaramaiah by name, Finance Minister Nirmala Sitharaman indicated that Karnataka’s economy had been flourishing ‘until recently.’ “But now the elected Government in the State is accusing Prime Minister Narendra Modi of not giving them money to run their programmes. If you did…
Mysore/Mysuru: Finance Minister Nirmala Sitharaman highlighted that in the aftermath of the COVID-19 pandemic, Prime Minister Modi instructed the Finance Ministry to provide interest-free loans to States for 50 years, aimed at bolstering infrastructure development and supporting ongoing projects. “No Finance Commission had recommended, but the Centre decided to give all the States interest-free loans…
Mysore/Mysuru: Chief Minister Siddaramaiah on Sunday launched a scathing critique against Union Finance Minister Nirmala Sitharaman, accusing her of misunderstanding the principle of fair distribution of funds to the States. Using the social media platform X (formerly Twitter), the CM asserted that Nirmala Sitharaman consistently disregarded factual evidence. “One would anticipate the Finance Minister of…
Tax benefits for startups, investments made by sovereign wealth, pension funds to be extended to March 2025 New Delhi: Union Finance Minister Nirmala Sitharaman presented the Interim Union Budget — the one for the forthcoming financial year (2024-25). Since it is the last one before Lok Sabha elections, the Budget is an interim one. No…
CM Siddharamaiah holds hectic parleys in Delhi; All-party MPs urged to stand by State Bengaluru/New Delhi: Karnataka Chief Minister Siddharamaiah and Deputy CM D.K. Shivakumar held an important meeting with all the MPs from Karnataka in New Delhi this morning regarding the Cauvery River water sharing dispute wherein the Cauvery Water Management Authority (CWMA) has…
New Delhi: Union Finance Minister Nirmala Sitharaman today presented the last full-fledged Union Budget of the Modi Government before nine Assembly elections including Karnataka this year and the 2024 Lok Sabha elections. The main highlight of the Budget is a new tax regime where the Income Tax rebate limit has been increased to Rs. 7…
New Delhi: Finance Minister Nirmala Sitharaman is the sixth Finance Minister in independent India to present five consecutive Budgets, joining a select league of legends. Sitharaman’s Budget for the fiscal year starting April 2023 is her fifth straight since 2019. Other Ministers who have presented five straight annual financial statements include Arun Jaitley, P. Chidambaram,…
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