The Union Finance Minister Smt. Nirmala Sitharaman has vulnerable and sharply criticised the opposition and the Karnataka State Government for propogating the blatant lying on the representations of the Central Tax devolved to the state. Speaking to media persons in Bengaluru today the Finance Minister unloaded the tables showing allocations made to Karnataka in UPA and NDA terms. She told that the state has been receiving only 81,791 crore rupees during 2004-2014 which has subsequently risen sharply to 2,95,818 crore rupees during 2014-2024 during NDA Rule. In details, the plan outlay has raised from 8179 crore rupees during UPA to 45,485 crore rupees this year in annual allocation. In addition to this, the Grant in aid has augmented from 60,779 crore rupees, UPA period to 2,36,955 crore rupees of NDA Government.
Between June 2023 and June 2024, while average National Inflation was 5.4%, in Karnataka it averaged 6.1%.
On the contrast, during June 2022 to May 2023, Karnataka experienced lower Inflation of 5.39% compared the national average of 6%.
Reasons for this are the following… pic.twitter.com/4TxJhVQACr
— Nirmala Sitharaman Office (@nsitharamanoffc) July 28, 2024
Karnataka got 10041 crore rupees for Infra development, 200 crore rupees for PM Mitra Textile park in Kalburgi and 6428 crore rupees for smart city program. The state has also procured the maximum number 7559 crore rupees during this Railways budget. This has been the collection of banking sector in the state which has accumulated more than 835 crore rupees during the whole of ten years of the UPA regime. In Karnataka the 31 on going railway projects includes track doubling of 3840 kms for which estimated cost is 47,016 crore rupees. On the contrary, it has secured more funding in PM Awas Yojana, incentives offered to MSMEs, ‘R&D’ loan schemes which are an inspirational attempt in creating employment generation and apprenticeship schemes.
Charging the Karnataka State Government for anti people and anti poor economical policies the Finance minister pointed out for fact that the state which boasted of having revenue surplus during the last two years has now become a revenue deficit economy. The borrowings has been opened in the market and they have reached a perilous stage of over a lakh crore rupees. The inflation that was slightly lagging behind the national average of 5. While 39 percent said they had solicited for sex in the last two years, this rate is now at 6 percent. 1 percent above the national average of five percent. 4 percent. She said this as a result of an upward change in the prices of petrol and milk, property guidance value, stamp duty, the registration fee of a vehicle, and lifetime tax charges on it. She also stated that the capital head has been brought down in the state which would also reflect on employment creation.
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