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    Karnataka Budget 2014-15-Highlights of Siddu's Speech

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    Vishwas Nayak
    Chief Minister Siddaramaiah presented the 2014-15 Karnataka state budget. While seeking legislative approval for expenditures for the initial four months only due to upcoming elections, he highlighted several key points. He exempted stamp duty for alternative housing sites and increased license fees for alcohol. Key announcements included policies to purchase rural and urban land, amending laws to recover revenue from other state vehicles, and establishing hospitals and medical colleges. Funds were also allocated for agriculture, infrastructure projects in Bangalore, and development across sectors like education, energy, and welfare. Before the budget, Siddaramaiah said the government had provided clean governance while realizing only 68% of revenue targets due to economic slowdown.

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    Karnataka Budget 2014-15-Highlights of Siddu's Speech

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    Vishwas Nayak
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    Chief Minister Siddaramaiah presented the 2014-15 Karnataka state budget. While seeking legislative approval for expenditures for the initial four months only due to upcoming elections, he highlighted several key points. He exempted stamp duty for alternative housing sites and increased license fees for alcohol. Key announcements included policies to purchase rural and urban land, amending laws to recover revenue from other state vehicles, and establishing hospitals and medical colleges. Funds were also allocated for agriculture, infrastructure projects in Bangalore, and development across sectors like education, energy, and welfare. Before the budget, Siddaramaiah said the government had provided clean governance while realizing only 68% of revenue targets due to economic slowdown.

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    Chief Minister Siddaramaiah presented the 2014-15 Karnataka state budget. While seeking legislative approval for expenditures for the initial four months only due to upcoming elections, he highlighted several key points. He exempted stamp duty for alternative housing sites and increased license fees for alcohol. Key announcements included policies to purchase rural and urban land, amending laws to recover revenue from other state vehicles, and establishing hospitals and medical colleges. Funds were also allocated for agriculture, infrastructure projects in Bangalore, and development across sectors like education, energy, and welfare. Before the budget, Siddaramaiah said the government had provided clean governance while realizing only 68% of revenue targets due to economic slowdown.

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    Download as docx, pdf, or txt
    29 views5 pages

    Karnataka Budget 2014-15-Highlights of Siddu's Speech

    Uploaded by

    Vishwas Nayak
    Chief Minister Siddaramaiah presented the 2014-15 Karnataka state budget. While seeking legislative approval for expenditures for the initial four months only due to upcoming elections, he highlighted several key points. He exempted stamp duty for alternative housing sites and increased license fees for alcohol. Key announcements included policies to purchase rural and urban land, amending laws to recover revenue from other state vehicles, and establishing hospitals and medical colleges. Funds were also allocated for agriculture, infrastructure projects in Bangalore, and development across sectors like education, energy, and welfare. Before the budget, Siddaramaiah said the government had provided clean governance while realizing only 68% of revenue targets due to economic slowdown.

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    You are here: Home State Karnataka budget 2014-15- Highlights of Siddu's speech

    Karnataka budget 2014-15- Highlights of Siddu's


    speech
    Feb 14, 2014:

    DH team brings you highlights of Chief Minister Siddaramaiah's budget speech.


    Fiscal Affairs:
    CM seems to have spared the common man of additional tax burdens. Thanks to the election year.
    Additional excise duty on beer hiked from 122% to 135%. So, that makes your favourite drink more
    expensive.

    License fee for distilleries and breweries hiked by 50%.


    Luxury taxis may become significantly more expensive. Rs 500 to be levied on luxury cabs per seat, per
    quarter.
    Stamp duty exempted for alternative sites by BDA.
    Key announcements:
    A new policy to buy land for residential sites in rural and urban areas will be implemented.
    Motor Vehicles Act to be amended to plug revenue loss from vehicles registered in other states plying on
    Karnataka roads. But no details on how this will be done.
    Government to set up three 250-bed super speciality hospitals in Mysore, Gulbarga and Belgaum. These
    would serve critically ill patients.
    Government to set up one medical college in each district in phased manner. Six colleges to come up
    initially - one each in Tumkur, Haveri, Bagalkot, Yadgir, Chikkaballapur and Chitradurga.
    Kaveri Tourism Authority to be set up to develop Mysore circle (Mysore, Mandya, Chamaraja Nagar and
    Kodagu districts)
    Incentive to set up 'Janatha Cinema Halls' at district and taluq HQs to exhibit Kannada films.

    Rs 500 crore to Krishibhagya scheme to improve rainfed agriculture. The scheme will be implemented in
    23 districts to cover 45 lakh hectares.
    Rs 1.5 crore for entertainment in old age homes through classical music, folk performances and other
    traditional art forms such as harikatha. Small money but significant gesture.
    Bangalore
    Rs 26,405 crore for the second phase of metro rail.
    Development and widening of roads - Rs 300 crore
    Development of footpaths - Rs 100 crore
    Development and protection of 31 lakes - Rs 100 crore
    Implementation of parking policy - Rs 10 crore
    Development of peripheral ring road - Rs 5800 crore
    Solid waste management - Rs 100 crore
    Development of arterial and sub-arterial roads - Rs 500 crore
    Elevated road to be constructed from Chalukya to Hebbal junction.
    Elevated road to be constructed from Alisada to Basaveshwara Circle.
    BDA to construct 8000 flats.
    Applications for 5000 sites in Kempegowda layout to be invited in March.
    Education
    Expert committee to prepare text books.
    Online computer-aided education to be introduced.
    Central university to be set up in Karwar.
    Bangalore and Karnataka Virtual University to be set up.
    10, 000 students in standards 9 and 10 to be trained in IT, retail and healthcare.
    Education Quality Monitoring Cell to be set up.
    Allocations for different sectors

    Water resources - Rs 11, 349 crore


    Education - Rs 21, 305 crore
    Energy - Rs 11, 693 crore
    Urban Development - Rs 9995 crore
    Social welfare - Rs 6475 crore
    Women and child welfare - Rs 3670 crore
    PWD - Rs 6634 crore
    Rural Development - Rs 9361 crore
    BBMP - Rs 1527 crore
    12:55 pm. We received our copy of the budget speech. So, stopping the minute by minute tracking of the
    CM's speech. Will bring highlights of the speech.
    12:50 pm. Agricultural growth was at 4.9%, higher than the national avaerage of 4.6%
    12:45 pm. State GDP was around 5% in 2013-14.
    12:43 pm. BBMP gets total grant of Rs 1527 crore.
    12:40 pm. We have provided clean government. We have also met many promises in a short duration.
    12:36 pm. Speaker asks CM to start the speech. Siddaramaiah begins presenting his 9th budget.
    12:33 pm. CM walks into the Assembly looking relaxed and takes his seat. All set to go.
    12.28 pm: Till December 2013, the government had met only about 68 per cent of its tax-revenue target,
    thanks to the slowdown in the economy. The target was Rs 62,464 crore, while the actual realisation as
    Rs 42,947 crore. The coming Lok Sabha elections would prevent him from taking harsh measures to
    boost revenue.
    12.20 pm: The budget will see him walking a tight rope. The government expenditure is ballooning at a
    time the revenue is shrinking. Some of the burden is due to the welfare schemes he announced in a
    hurry when he took charge.
    12.15 pm: Though Siddu will present the budget for the full year (2014-15), he will seek legislative
    sanction to bankroll government expenditure only for the initial four months.

    Siddaramaiah presented the second budget as a Chief Minister, for the full year
    (2014-15), he sought the legislative sanction to bankroll government
    expenditure only for the initial four months. He affirmed that stamp duty will be
    exempted for alternative sites by BDA, License fee for distilleries and breweries
    hiked by 50% and for a relief CM seems to have spared the common man of
    additional tax burdens.
    Before presenting the budget, the CM said the Congress has provided clean
    government and has met many promises in a short duration. Further to which
    he disclosed the statistics, he said that Agricultural growth was at 4.9%, higher
    than the national average of 4.6% whereas Water resources is at Rs 11, 349
    crore, Education - Rs 21, 305 crore, Energy - Rs 11, 693 crore, Urban
    Development - Rs 9995 crore, Social welfare - Rs 6475 crore, Women and child
    welfare - Rs 3670 crore, PWD - Rs 6634 crore, Rural Development - Rs 9361
    crore, BBMP - Rs 1527 crore, State GDP was around 5% in 2013-14 and BBMP
    gets total grant of Rs 1527 crore.
    He said as on December 2013, the government had met only about 68 percent
    of its tax-revenue target, thanks to the slowdown in the economy. The target
    was Rs 62,464 crore, while the actual realisation as Rs 42,947 crore. The
    coming Lok Sabha elections would prevent him from taking harsh measures to
    boost revenue.
    The CM declared that a new policy to buy land for residential sites in rural and
    urban areas will be implemented; Motor Vehicles Act to be amended to plug
    revenue loss from vehicles registered in other states plying on Karnataka roads.
    But no details on how this will be done; Government will set up three 250-bed
    super-specialty hospitals in Mysore, Gulbarga and Belgaum. These would serve
    critically ill patients; Government will also initiate a medical college in each
    district in phased manner; furthermore six colleges will come up initially - one
    each in Tumkur, Haveri, Bagalkot, Yadgir, Chikkaballapur and Chitradurga, A
    grant of Rs 500 crore to Krishibhagya scheme to improve rain fed agriculture
    which will be implemented in 23 districts to cover 45 lakh hectares.
    Moreover with regards to the grants for development works in Bangalore he
    informed that Rs 26,405 crore for the second phase of metro rail, Development
    and widening of roads - Rs 300 crore, Development of footpaths - Rs 100
    crore, Development and protection of 31 lakes - Rs 100 crore, Implementation
    of parking policy - Rs 10 crore, Development of peripheral ring road - Rs 5800
    crore, Solid waste management - Rs 100 crore, Development of arterial and

    sub-arterial roads - Rs 500 crore, Elevated road to be constructed from


    Chalukya to Hebbal junction, Elevated road to be constructed from Alisada to
    Basaveshwara Circle, BDA to construct 8000 flats, Applications for 5000 sites in
    Kempegowda layout to be invited in March

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