Karnataka Budget 2018 highlights: Siddaramaiah govt focuses on water conservation projects, agriculture

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Karnataka Budget 2018 highlights: Siddaramaiah govt focuses on water conservation projects, agriculture
  • 12:52 (IST)

    Siddaramaiah announces free bus pass for all students across Karnataka

    30 new bus stations, 8 new bus depots, 325 bus station upgradation and CCTV cameras in 1000 buses in Bangalore were announced.

  • 12:40 (IST)

    Budgetary allocation of Rs 5,849 cr for department of agriculture

  • 12:38 (IST)

    Focus on water conservation projects, agriculture

    Siddaramaiah, who is presenting the last budget before the assembly elections, focused on water conservation projects, farm loans, agriculture subsidies more. There is an increase in allocation for agriculture Rs. 5,849 crore this year, compared to Rs. 5080 crore last year.

    Key points:

    - Farmers can get Rs 10lakh loan at 3 percent interest rate.

    - Rs 203 crore to be spent on marketing organic agriculture products

    - Special package of Rs 24 crore announced for minor millets

  • 12:35 (IST)

    Scheme announced for 70 lakh dry land farmers across state

  • 12:28 (IST)

    Karnataka's GSDP growth increased from 7.5% in 2016-17 to 8.5% in 2017-18: CM

  • 12:26 (IST)

    Changes in GST regime affected tax collection: Siddaramaiah

    "Frequent changes in the GST regime and glitches in the IT has affected tax collection," The New Indian Express quoted Siddaramaiah as saying.

  • 12:07 (IST)

    Our government has taken forward Karnataka's legacy of growth: Siddaramaiah

  • 12:03 (IST)

    Happy with Supreme Court judgment: Siddaramaiah

  • 11:57 (IST)

    Will study judgment before offering comment: Siddaramaiah

    Karnataka chief minister, while presenting the Budget, said that he will need to speak to his lawyers and study the judgment before making any remarks.

    Click here to follow LIVE updates on the Cauvery water dispute judgment.

  • 11:50 (IST)

    Visuals of Siddaramaiah presenting the Budget

Karnataka chief minister Siddaramaiah on Friday will present his 13th Budget.

The Supreme Court on Friday directed the Karnataka government to release 177.25 tmcft of Cauvery water to Tamil Nadu from its inter-state Biligundlu dam.

File image of Karnataka chief minister Siddaramaiah. PTI

File image of Karnataka chief minister Siddaramaiah. PTI

The judgement clarified that Karnataka will now have an enhanced share of 14.75 tmcft water per year while Tamil Nadu will get 404.25 tmcft, which will be 14.75 tmcft less than what was allotted by the tribunal in 2007.

Earlier, in accordance with the 2007 award of the Cauvery water dispute tribunal, Karnataka had a share of 270 tmcft of Cauvery water. This will now increase to 284.75 tmcft.

The much awaited judgement was pronounced by a bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and AM Khanwilkar, which had on September 20 last year reserved the verdict on the appeals filed by Karnataka, Tamil Nadu and Kerala against the 2007 award of the tribunal.

Reading out the operative portion of the verdict, the CJI said the 2007 tribunal award of 30 tmcft to Kerala and 7 tmcft water to Puducherry will remain unchanged.

The apex court also allowed Tami Nadu to draw an additional 10 tmcft 'groundwater' from a total of 20 tmcft beneath the Cauvery basin.

It said the increase in share of Cauvery water for Karnataka by 14.75 tmcft is because of the 10 tmcft groundwater and 4.75 tmcft drinking water requirement for Bengaluru residents.

The apex court said drinking water has to be kept on the highest pedestal.

It said its order on Cauvery water allocation will continue for the next 15 years.

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Updated Date: Feb 16, 2018 12:52:49 IST

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