What is your opinion about Karnataka budget? Is it satisfactory? - letsdiskuss
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Rohit Valiyan

Cashier ( Kotak Mahindra Bank ) | Posted | Share-Market-Finance


What is your opinion about Karnataka budget? Is it satisfactory?


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Entrepreneur | Posted


Karnataka budget cannot be said good or satisfactory because there are mixed reactions to the budget, especially from trade and industry.


The good points of the budget are:

• Waiver of farm loans
• Monthly pension given to sportspersons to be increased
• Journalists and their families to receive group insurance facility
• Kshema Nidhi to be established to look after the welfare of the door-to-door distributors of newspapers
• More hectares of land to be added to the Protected Area Network for the conservation of flora and fauna
• Marriage incentives to SC boys and girls
• Loans to women and fishermen to the tune of Rs. 50,000 at 0% interest

On the downside, increase of taxes on petroleum products will affect the middle class people and the hike in electricity tax will affect SMEs.

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Karnataka is a land both ancient and modern – on one hand, it is home to Bengaluru, India’s IT capital, on another hand, it is also home to historic places like Hampi, Aihole, Badami, and Pattadakal, which feature some of the famous UNESCO World Heritage Sites. Temples in Karnataka feature diverse architectural styles like Hoysala, Badami Chalukya, Vijayanagara, Dravidian, Western Chalukya, Badami Cave, Rashtrakuta, and Ganga architecture.


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