Here are the key highlights of Siddaramaiah’s budget speech:
DTH, Movies and Alcohol become dearer
Entertainment tax on MSOs and DTHs increased from 6% to 10%
Tax on petrol increased from 26% to 30% and diesel from 16.65% to 19%
Beer to become costly as excise duty on beer increased from Rs 5 to Rs 10
Aerated and carbonated non-alcoholic beverages to become costly
Handmade paper, cotton, jowar, ragi, aluminium household utensils to become cheap
Leb bulbs, helmets, set top boxes, offie files become cheap
Trade license system for industries abolished
Rs 671 Crore set aside for law and justice department
Rs 12,632 Crore earmarked for energy sector
Separate authorities for the Yettinahole project and Bhadra Meldande project
Rs 2,503 Crore allotted for backward classes welfare
Rs 1,374 Crore for Minorities welfare department
Rs 13,018 Crore for Rural and Panchayat development
CM relaxes section 79(A) of Karnataka Land Reforms Act
Urban development and water resources get 8% of total budget allocation
12% of total budget earmarked for education sector
Lift irrigation scheme for treating water of bengaluru city
Rs 440 crore for 51.65 km of signal free corridor at major corridors of bengaluru
Pravasi Bharatiya Divas to be organised in Bengaluru on January 2017
Ceiling limit increased from Rs 2L to 25L on purchase of agricultural land
Rs 170 crore earmarked for sports and youth services department
Rs 341 crore has been set aside for Kannada and culture department
Rs 367 crore has been earmarked for sericulture department
3,000 BDA flats will be constructed and allotted to citizens during 2016-17
Satellite town ring road project report is being prepared, CM
13,370 acres of encroached land recovered in Bengaluru
Rail-based mass transit system for decongesting traffic in Bengaluru
Vat on helmets and Led bulbs also reduced
Reduction of Vat on chatni pudi, adult diapers, set top boxes
Tech incubation centre in association with Texas University at Doddaballapura
Bengaluru gets special package of Rs 5,000 crore
12% hike of total budget earmarked for education sector
1% hike in sale of movable property
Rs 5,464 crore earmarked for social welfare department
Rs 4,497 crore for woman and child development and empowerment of differently abled
Rs 1,614 crore set aside for medical education department
Rs 5,032 crore set aside for health and family welfare
Rs 4,651 crore allotted for higher education department
Rs 17,373 crore allotted for primary and secondary education
Rs 1,609 crore earmarked for forest, environment and ecology department
Total Rs 14, 477 crore earmarked for water resources department
Rs 1,463 crore earmarked for co-operation department
Rs 302 crore has been allotted for fisheries department
Rs 250 crore for development of Muncipalities under BBMP
Rs 800 crore for storm water drain managemnet in Bengaluru
Rs 500 crore for solid waste management in Bengaluru
Rs 100 crore for lake development in Bengaluru
Rs 5,018 for BWSSB and UDG project for 110 villages under BBMP
Rs 440 crore for 51.65 km of signal-free corridor at major corridors in Bengaluru
Updradation of Russell market, Johnson market and K R Market
2 reaches of Phase II of Namma Metro to be completed by 2020
Rs 4,346 crore earmarked for agriculture sector
Rs 750 crore allotted for horticulture sector
Krishi Navodyama Scheme introduced for Start-ups in agriculture sector
Suvarna Krishi Grama Yojane introduced for agriculture welfare
State farmers and agriculture welfare committee has been set up
Planned outlay for state budget 2016-17 is Rs 85,375
State is in third position in terms of governance. Mysuru has been ranked cleanest city in the country, CM
11.36 am: Siddaramaiah in his budget speech said, “We have fulfilled most of the promises made in the election manifesto. We have taken measures to develop rural and urgan infrastructure. Several MNCs, investors and industrialists have lauded the government’s efforts. Karnataka is the first state to implement Start-up policy.”
11.08 am: CM holds cabinet meeting
11.02 am: Chief Minister Siddaramaiah reaches Vidhana Soudha
11.01 am: The boxes containing copies of state budget reaches Vidhana Soudha
Update: 11.00 am
Bengaluru: Chief Minister Siddaramaiah, who also holds the Finance portfolio, will present the State Budget for 2016-17 today. This will be his 4th Budget presentation as CM and 11th overall. He was finance minister in the erstwhile Janata Dal government.
CM to look beyond Ahinda in this budget?
Bengaluru: Evidently, the state anticipates that Chief Minister Siddaramaiah would load the budget with goodies for all with the aim of combating the poll debacle.
The recent ZP/TP polls and the by-election results have proven that the state Congress government has not managed to strike right chord with the voters.
Hence, it is of utmost importance that the CM strives to reach out to wider social base rather than his traditional Ahinda base.
The budget size is set to cross the Rs 1,50,000cr mark (Rs 1,42,000cr last year) for the first time. This budget gains a lot of importance, mainly because Siddaramaiah government has only two years to complete the five year tenure and now, he needs to act as the CM of the state and of all classes and castes and not project himself as an Ahinda leader.
It is with this budget that he can dispel the notion that he is not a leader confined to the Ahinda support base. He needs to convince the youth of the state of his intentions to empower them.
It is said that Yuva Shakti scheme to offer loans for rural youth is on the platter to boost rural enterpreneurship.
Attractive investment subsidy for setting up industries in the backward Hyderabad-Karnataka region, big hike in seed money to nurture startups, toning up of online single window clearance system to improve ease of doing business are among the prominent features of the budget to attract investments beyond Bengaluru. Industrial sector is hoping for a rollback of VAT on commodities in 14.5% bracket to 14% and also the 5.5% VAT slab to 5%, reports New Indian Express.
It said that after the success of Global Investors’ Meet, the Siddu Government is planning yet another mega show.
The B S Yeddyurappa-led government had conducted the previous edition of the show in 2011.
