Loan waiver to be met completely in second budget: HDK

Agencies
January 13, 2019

Bengaluru, Jan 13: Karnataka Chief Minister H D Kumaraswamy has announced that he will fulfill his Rs 46,000-crore loan waiver commitment made to farmers "completely" in the Congress-JDS coalition government's second budget that he is scheduled to present on February 8.

The farm loan waiver scheme would be implemented in one stroke with required allocation in the budget instead of completing the process in four stages as was planned earlier, he said, as he took on the state and national BJP leadership for their relentless attack on him on the issue.

Kumaraswamy has come in the line of fire of BJP leadership, including Prime Minister Narendra Modi, who has been mocking the scheme, saying it had only offered a "lollipop" for an insignificant number of farmers.

The JDS leader was also critical of Union Home Minister Rajnath Singh for his reported comment at the BJP National Convention meet in New Delhi on Friday that the state government had promised waiver but was issuing notice to farmers for loan recovery.

Kumaraswamy said notices were being issued by nationalised banks that come under the central government.

"This shows the mean mentality of BJP leaders. This shows how lightly they have taken the issue of solving farmers' worries."

"...February 8. I will present a new budget of 2019-20. We have announced as a cabinet decision that loan waiver will be in four stages, we will not take it to four stages," Kumaraswamy told PTI in an interview.

"We are working out on that. In the coming budget I will be clearing the complete loan waiver. I will not take four years. I want to bring it to the notice of central BJP leaders -- it is not lollipop," he said.

Kumaraswamy asserted that it would be done without violating the fiscal responsibility.

"If an elected government makes up its mind, without violating fiscal responsibility, how it can succeed in implementing its programmes and commitment...I am going to prove it," he said.

"...Without violating fiscal responsibility Act… I'm clearing it completely with allocation for it. In the next financial year, the money that will be released will clear the Rs 46,000 crore loan waiver commitment made," he added.

Seeking to implement a key poll promise of the JDS, the Kumaraswamy government had announced over Rs 46,000-crore loan waiver scheme in July. But it has been bogged down by several issues, particularly relating to nationalised banks.

While defending the time taken in implementing loan waiver, the chief minister said, the state's scheme would become a model for other states in the days to come.

"Today in front of me is Rs 46,000 crore farm loan from nationalized and cooperative banks. I have created a separate cell for this and have appointed an IAS officer to work on this for 24 hours. CMO- my office is monitoring it every day. Our officials are working effectively so that the loan waiver reaches our farmers," he said.

He said guidelines for implementation of farm loan waiver scheme by his government would become a model for any government in future that decides to waive loans.

Noting that till January 11, loan waiver has reached 1,70,000 farmers for which about Rs 900 crore money has been released, he highlighted that in the budget presented in July after coming to power, Rs 9,000 crore was already allocated for loan waiver in the first year.

"By January 31, about Rs 11-12 lakh farmers will get the loan waive benefit," he said, as he pointed out there was much longer delay by various state governments in the past, while it was just seven months since he is in power.

"UPA government had announced about Rs 70,000 crore loan waiver, you can crosscheck how long it took for the money to reach. Many states which came to power before me and announced waiver like -- Uttar Pradesh, Maharashtra, Andhra Pradesh- you can check how much money has gone till now. It's been seven months for me," he added.

Noting that discussions were on with nationalised banks, and the government was expecting to get some relaxation in the backdrop of one-time settlement plan, he said, out of Rs 9,500 crore loan waiver details of cooperative banks that the state has, some of them were bogus claims.

"With the guidelines that we have, where certain documents need to be submitted, those misusing will be eliminated," he said.

Kumaraswamy said that implementation of farm loan waiver scheme was his "biggest achievement" so far, while highlighting the difficulties in a coalition setup.

Explaining the situation he was in when he assumed office, he said he had to continue implementation of programmes of the previous Siddaramaiah government and face BJP criticism that he had not waived loan within 24 hours of coming to power as promised in the JDS manifesto.

Listing out programmes under implementation like "Badavara Bandhu", a scheme to disburse interest-free loans to street vendors and small traders, and the Israel model of farming, Kumaraswamy said, "I have other plans too for the next budget."

Comments

Suresh
 - 
Sunday, 13 Jan 2019

Forget small small issues made by oppurtunists and bjp people. Concentrate on your service. People with you HDK. You will complete your term

Sandesh Shetty
 - 
Sunday, 13 Jan 2019

HDK knew what to be done for people. All the best

Mohan
 - 
Sunday, 13 Jan 2019

HDK doing great. Feku just boasting and blabbering. 

Vinod
 - 
Sunday, 13 Jan 2019

Kamal nath did loan waiving. Then what complication with other govts for doing the same

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News Network
July 21,2020

Bengaluru, Jul 21: A man was arrested on Tuesday for riding his high-end bike up to a speed of almost 300 km per hour on a flyover here during ongoing lockdown, police said. After a selfie video of the man's reckless ride went viral on social media, police arrested him for putting his life and that of others at risk and seized his 1000 CC bike.

Identified by police as Muniyappa, he rode his bike on the nearly 10-km long Electronic City flyover, accelerating almost to 300 KMPH as he whizzed past some vehicles, including cars autorickshaws and trucks that were moving in both directions.

"This video made viral by the rider...going at a dangerous speed of almost 300 kmph at Ecity flyover putting his own & others life at risk..CCB traced the rider & seized bike Yamaha 1000 CC.. handed over to traffic (police)," Bengaluru Joint Commissioner of Police Sandeep Patil tweeted, tagging the video.

A case of reckless driving has been registered against him, police said. They said the incident occurred during the week-long lockdown in force in the city and outskirts till Wednesday morning to contain the spread of coronavirus, leaving most roads deserted as people remained indoors. However, it was not known when exactly he undertook the ride. A fortnight ago, three youths who were doing wheelies on the city roads met with a ghastly mishap and lost their lives.

Click here for video

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coastaldigest.com news network
June 8,2020

Hubballi, June 8: If everything goes as expected, the railway station in Hubballi, the commercial capital of the state and also the headquarters of South Western Railway (SWR), will have the world’s longest railway platform next year.

E Vijaya, chief public relation officer of SWR, said the work is being done as part of doubling between Hubballi and Bengaluru. 

“At present, Hubballi has five platforms, and the number will be increased to eight. Inspection carriage line is getting converted to full platform. 

Platform No. 1 will be extended from 550m to 1,400m with 10m width. At present, Gorakhpur’s 1,366m platform is the world’s longest facility,” the officer said.

She added that one more entry point is coming up at Gadag Road. “Rs 90 crore is being spent on the works related to full yard, signalling, electrical and building. 

The works, started in November 2019, will be completed in the next one year,” said Vijaya.

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News Network
February 27,2020

Benagluru, Feb 27: The sudden hike in bus fares by the state-run transport corporation has triggered a public outrage and protests by the opposition Congress and the Janata Dal-Secular (JD-S) in Karnataka.

Terming the hike as anti-people and inflationary, the Congress urged the ruling BJP to withdraw it forthwith and spare the commuters from the additional burden.

"KSRTC and its affiliates should not further burden the people when the cost of living has gone up and its bus service is used by the majority in the absence of trains in many regions of the state," said Ravi Gowda of the Congress.

In a surprise announcement on Tuesday night, the Karnataka State Road Transport Corporation (KSRTC) and its two affiliates -- North Eastern Karnataka Road Transport Corporation (NEKSRTC )and North Western Karnataka Road Transport Corporation (NWKSRTC) -- increased bus fares by 12% with effect from Wednesday, drawing the ire of commuters and opposition parties alike.

Condemning the fare hike, JD(S) leader and former Chief Minister H D Kumaraswamy urged the KSRTC to roll back the revised fares and give relief to the common man reeling under price rise due to CGST, SGST and food inflation.

"The BJP government has deliberately increased the bus fare ahead of the state budget for 2020-21 fiscal on March 2, catching people unawares. Though student passes have been spared from the hike, regular passengers are forced to pay Rs 5-32 more instead of getting better efficiency, management and productivity," Kumaraswamy said in a statement in Bengaluru.

It's an additional burden on us, said Bengaluru resident K. Venkatesh, while adding,

"The 12 percent hike in bus fares by the KSRTC and its north-east and north-west affiliates from Wednesday will hit passengers hard and make commuting costly.”

"The fare hike will negate the state government's efforts to encourage public transport service and force passengers to travel on the train, which is cheaper, faster and safer," asserted Venugopal Gupta, a cloth merchant in the city.

Justifying the hike, KSRTC Managing Director Shivayogi Kalasad told media that the hike was inevitable due to the steady increase in diesel price, dearness allowance in staff salary and overall cost of operations.

"Since the last fare revision came in May 2014, the operational cost has gone up substantially due to Rs 11.27 per litre hike in diesel price, increase in DA to employees and repairing, maintenance and fleet management costs," Kalasad said.

The financial burden due to fuel price hike is Rs 261 crore, DA Rs 341 crore and operational cost Rs 601 crore per annum for KSRTC alone, he said.

"For the benefit of rural passengers, fares have been reduced to Rs 5 from Rs 7 for the first 3 km. There is no increase in fares for the first 12 km and up to first 6 km in express service," Kalasad added.

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