Coalition government's 2019-20 fiscal budget highlights  

News Karnataka

Coalition government's 2019-20 fiscal budget highlights  

Coalition government's 2019-20 fiscal budget highlights  

SC VC   ¦    Feb 09, 2019 06:14:46 AM (IST)
 Coalition government\'s 2019-20 fiscal budget highlights  -1
 
Bengaluru: Chief Minister H D Kumaraswamy presented the budget for 2019-20 fiscal, on Friday, February 8. 
 
The budget resembles the one announced in 2018-19 with the coalition government replicating several schemes started by the Siddaramaiah-led Congress government.
 
The government has announced an increase in excise duty on beer, draught beer, beer and low alcohol beverages manufactured in microbreweries. 
 
In order to rid the government of the "Hassan-Holenarasipura budget" tag, the state government has allocated Rs 5 Crore to encourage farmers of coastal and Malnad regions to cultivate paddy.
 
A proposal has been made to construct 1,500 new classrooms, upgrade 5,000 classrooms, distribute learning equipment to 1,000 schools and appointment of one Estate Manager for the maintenance of school buildings. Efforts to make CET exam online one is on.
 
Establishment of Kyasanuru Forest Disease Research and Treatment Unit at Shivamogga District Hospital at a cost of Rs 5 Crore has been proposed. 
 
HDK has announced that a grant of Rs 950 Crore for 'Ayushman Bharath-Arogyakara Karnataka' has been allocated by the state government which is more than the Rs 409 Crore by the Central government for 2019-20 fiscal. He has also announced the construction of a cancer hospital in Tumakuru at a cost of Rs 60 Crore.
 
The government has proposed the construction of 450-bed hospitals in Karwar Institute of Medical Sciences, Kodagu Institute of Medical Sciences and Indira Gandhi Institute of Child Health in Bengaluru at a cost of Rs 350 Crore.
 
A  grant of Rs 470 Crore has been set aside for the Chief Minister's Mathrushree scheme. The monthly grant for pregnant women has been increased from Rs 1,000 to Rs 2,000, effective from November 1, 2019.
 
A 'Tumakuru Industrial Node' is being set up across 9,629 acres of land at Vasanthanarasapura in Tumakuru District under the Chennai-Bengaluru Industrial Corridor Project.
 
The government is also planning to implement a rail-based multi-modal transport system between Vasanthanarasapura, Tumakuru, Ramanagar and Bengaluru along a separate track.
 
The government is planning to develop industrial areas in Arasikere, Nagamangala, Chittapur, Mulavad, Kanagala and Madhugiri through Karnataka Industrial Area Development Board.
 
The chief minister's ambitious 'Compete with China' scheme has been allotted a grant of Rs 110 Crore.
 
The government is planning to organise “Global Capital Investment Conference” in January 2020.