Karnataka Chief Minister BS Yediyurappa presented his 7th budget on Thursday, March 5. An 87 page Karnataka budget 2020 was presented Yediyurappa and took around 110 minutes to complete his budget speech.
The major proposal in Karnataka’s budget 2020 is to increase in the excise duty on petrol, diesel and Indian Made Liquor (IML).
Tax on petrol and diesel increased by 3% and 6% hike has been proposed on IML. Revised tax rates on petrol and diesel will come to effect from April 1 while, from July 1, 2020, IML price revision will be done.
Karnataka Budget 2020 – Highlights
What To Go Up
- Indian made liquor
What To Come Down
- New apartments/ flats below Rs.20 lakhs
Department Wise Revenue Collection Target
- Commercial taxes: Rs. 82,443 crore.
- Stamps and registration: Rs 12,655 crores
- Excise: Rs. 22,700 crores
- Transport department: Rs. 7115 crores.
- Non tax revenues: Rs. 7,767cores.
Revenue And Expenditure
- Total revenue: Rs. 1,79,919.76 crores
- Expenditure: Rs. 1,79,776.44 crores.
Department Wise Major Allocations
- Education: Rs. 29,768 crores
- Urban Development: Rs. 27,952 crores
- Water resources: Rs. 21,308 crores
- Energy: Rs. 17,290 crores
- Rural Development and Panchayat Raj: Rs.15,595 crores.
- Public Works: Rs. 11,463 crores.
- Health and Family Welfare: Rs. 10,122 crores.
- Social Welfare: Rs. 9,444 crores.
- Agriculture: Rs. 7,889 crores.
Major Announcements For Bengaluru In Karnataka Budget 2020
The highlight of this year’s budget is a dedicated section on the Bengaluru development. Major budget proposal regarding Bengaluru development includes
- In a big relief to the Whitefield residents who are hugely affected by the traffic, CM has proposed a traffic subdivision in the locality.
- A 100 feet high bronze statue of Nadaprabhu Kempegowda in the premises of the Kempegowda International Airport in Devanahalli.
- Developing iconic the University Visevesvaraya College of Engineering (UVCE) into an autonomous institute inline with any IITs (Rs.10 crores)
- An Asian nations Education Ministers’ Education Conclave and Mega Exhibition in the city
- Cath labs at KC general hospital, Malleshwaram and public hospital, CV Raman Nagar.
- Braille cum Talking Library
- Rs.25 crores for free BMTC bus pass for women workers of garment factories.
- Invest Karnataka 2020 in November 2020 in the city
- Defence and Aerospace Equipment Manufacturing Cluster at Haralur- Muddenahalli villages.
- A Center for Smart Manufacturing Institute.
- Rs.400 crores for Twin-Towers building with 25 storeys in Anand Rao circle of the city.
- Artificial Intelligence Research Translation Park in collaboration with IISc, Bengaluru.
- A Centre of Agro-Innovation in Bengaluru Bio-Innovation Centre (BBC).
- Separate act for BBMP.
- Rs. 8,344 crore for the Bengaluru development under the Mukhyamantrigala Nava Nagaroththana.
- Rs. 999 crore for Solid Waste Management of Bengaluru City under Shubhra Bengaluru scheme.
Budget Allocation For Lakes And Other Developments
- Rs. 100 crores for the Bengaluru lake development.
- Rs. 100 crores for Rajakaluve development.
- Rs. 1,000 crores for the Cauvery water supply to 110 newly inducted villages under BBMP limits.
- 11.5 MW water to an energy power plant in Bidadi.
- Women restrooms with sanitary napkin dispensers installed and child care centres in selected government offices.
- Four electrical crematoriums
- Simulation Laboratories at a cost of Rs. 3 crores in Bengaluru Medical College and Research Institute.
- A Centre of Agro-Innovation.
- 775 million litres of water to Bengaluru city under the 5th Phase of Cauvery Water Supply scheme
- Ananth Kumar Memorial Leadership Development and Policy Formulation Research Centre at an estimated cost of Rs.20 crores.
- 75 new Hoysala vehicles.
Transporation And Commuting
- Commissioning of Mysore road up to Kengeri and on Kanakapura road up to Anjanapura township metro lines.
- Construction of Outer Ring Road (56 kilometre-long) – Airport Metro from Central Silk Board junction to Bengaluru International Airport via K.R.Puram and Hebbala. The estimated cost is Rs.14,500 crore.
- Detailed Project Report for the construction of ‘Outer Ring Road – West Metro’ from Hebbala to J.P.Nagar and ‘Magadi road Metrolite’ metro tracks. The total length of these stretches is 44 kilometres.
- Rs. 500 crores for the commuter train.
- 1,500 new diesel buses for BMTC at an estimated cost of Rs.600 crores.
- Rs. 100 crores for 500 ordinary electric buses to BMTC.
- Electric bike taxi scheme.
- Feasibility study on Integrated Multi-Modal Transport Hub
- Action plan to increase the transport capacity in Hebbala, Silk Board and K.R.Puram junctions which are known for traffic jams.
- Rs. 500 crores to decongest major roads of the city.
- Underground Vehicle Parking under the Public-Private Partnership module.
Karnataka Budget 2020 – Other Major Announcements
- Gram One centres in line with Bengaluru One centres
- Jeeva Chaitre pilgrimage scheme for senior citizens above 60 years.
- 325 feet height statue of Basavanna, a social reformer of the 12th century.
- Rs.500 crores for the new film city under Public-Private Partnership.
- Children’s budget
- 2 lakh house construction
- 3 school adoption by each MLA
- Rs. 500 crores for Anubhava Mantapa in Basava Kalyana.
- A Vulture Breeding Centre and a Vulture Sanctuary in Ramanagara
- Boost for coastal tourism and harbour development.
- Two new textile parks
- Rs. 500 crores for the controversial Kalasa-Banduri project in Belagavi.