CM announces free LGP gas connections for 30 lakh poor; health scheme for all

Agencies
February 16, 2018

Bengaluru, Feb 16: In his pre-assembly election budget for 2018-19, Karnataka Chief Minister Siddaramaiah today announced schemes for universal health coverage, providing free LPG gas connections and mitigating miseries of dry land farmers.

The chief minister also said the implementation of the sixth pay commission for 5.93 lakh state government employees and 5.73 lakh pensioners would cost Rs 10,508 crore to the exchequer. The commission has recommended 30 per cent hike in the salary structure and with increase in pay and other steps to increase productivity and efficiency, the government would be in a better position to implement its welfare measures, he said. Siddaramaiah, who holds the finance portfolio, announced a scheme to waive loan of up to Rs one lakh taken by a farmer member from a primary agricultural credit cooperative society on his death.

No fresh levies were announced in the Budget, which proposed an increase in rates of additional excise duty on Indian-Made Liquor by eight per cent, depending on the slabs. The 'Arogya Karnataka Yojana' (universal health coverage), to be launched this month, would be implemented across the state by the end of this year. The scheme will make available primary, and specific secondary and tertiary treatments to all people. Over 9,000 health and wellness centres would be set up by upgrading existing sub-centres for every 5,000 population in rural areas during the next seven years for providing high quality comprehensive primary health care services, he said. A total budgetary allocation of Rs 6,645 crore has been made for the health and family welfare department. The announcement comes close on the heels of what was touted as the world's largest public health scheme to cover 10 crore families unveiled in the Union Budget. In an apparent move to counter the Centre's Pradhan Mantri Ujjwala Scheme, Siddaramaiah announced that under the 'Mukhyamantri Anila Bhagya Yojana', free gas connection with twin burner stove and two refills would be provided to 30 lakh beneficiaries with an expenditure of Rs 1,350 crore. 

The scheme comes against the backdrop of sharp differences between the Siddaramaiah government and the Centre over the implementation of Ujjwala scheme. Siddaramaiah also unveiled 'Raitha Belaku', a scheme to give direct income assistance to mitigate miseries of dry land farmers. Under the scheme, Rs 5,000 per hectare, subject to a maximum of Rs 10,000 would be provided to each farmer growing rain-fed crops with money transferred directly to farmers' bank accounts. It entails expenditure of Rs 3,500 crore every year and around 70 lakh farmers would be benefited. On GST, Siddaramaiah said due to implementation problems in the initial months, systematic analysis of data and rigorous enforcement activities could not be undertaken. However, implementation of the Karnataka model of e-way bill in the entire country is expected to bring about qualitative change in tax compliance and streamline GST collection across the country.

Asserting that the state government was committed to the comprehensive development of Bengaluru, Siddaramaiah said necessary action would be taken to prepare project report for 105.55 km line under the Bengaluru Metro Phase-3. With this, the total length of Bengaluru metro rail, including all phases, would be 266 km. To manage goods and passenger transport more efficiently and quickly, and to reduce density of road traffic, a feasibility study would be undertaken for implementation of "Roll-on and Roll-off" multi-modal logistic park and sea plane services under PPP mode, he said. With elections due early this year, Siddaramaiah sought vote-on account up to July 31, 2018. Stressing his government's focus on welfare schemes, he said: "Today, there is no situation in the state where any person goes to bed with hunger," and described his government as "farmer-friendly".

"I am not an expert who has made a scholarly study of economics. There is no knowledge greater than experience," said Siddaramaiah,

His leadership is being projected by the Congress for the coming assembly polls, where he is facing a fierce fight from BJP, which is raring to return to power.

The state budget is his record 13th in more than 35 years of political career, and sixth in a row as chief minister.

Also Read: 

Sops galore for backward classes, dalits, minorities in Karnataka budget 2018-19

Siddaramaiah presents Nava Karnataka Budget 2018: Key highlights

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News Network
May 5,2020

Bengaluru, May 5: Karnataka Chief Minister BS Yediyurappa on Tuesday said that the coronavirus situation in the state is "under control" as compared to several other states in the country.

He also hinted that soon the construction and industrial activities would be allowed in the state except in the red zones.

"Coronavirus situation in the state is under control as compared to other states. Due to this, travel of migrant workers was prohibited. Now, trade, construction and industrial activities need to restart, except in the red zones," he told reporters.

According to the Karnataka Health Department, the state has so far recorded 659 COVID-19 cases, including 324 discharged and 28 deaths.

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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coastaldigest.com news network
June 21,2020

Udupi, June 21: An entrepreneur lost his life after the car he was driving veered off the road and plunged into a roadside tank near Barkuru in Brahmavar taluk of Udupi district today.

The deceased has been identified as Santosh Shetty, a resident of Vakwadi in Kundapur taluk. He is the proprietor of Laxmi Glass and Plywood, Koteshwara. 

A woman, identified as Shweta, who was also on board the car suffered critical injuries.  

The mishap occurred when the duo was heading to Vakwadi from Brahmavar in Hyundai Car sedan car. 

Shetty lost control over his vehicle while negotiating a curve at Chaulikere and the car plunged off the road as there was no barricade. 

Even though local residents began rescue operation immediately, Shetty breathed his last on the spot. Shweta was rescued and shifted to a hospital in Manipal for treatment.

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