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Old 03-12-2008, 08:32 PM   #3 (permalink)
dxgoofit
 
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Default Highlights Of Karnataka’s Budget 2008-09

ENERGY

i. Rs.1700 crores is provided for Rural Electrification subsidy in
2008-09. In addition an amount of Rs.330 crores is earmarked
for providing capital support to transmission and distribution
companies for taking up Rural Load Management System
Project in backward taluks.

ii. The Karnataka Power Corporation Limited, the Karnataka
Power Transmission Corporation limited and the Electricity
Distribution Companies have planned to take up works with an
outlay of about Rs.2000 crore in 2008-09 to augment Generation,
Transmission and Distribution Infrastructure.

HOME & TRANSPORT

i. The allocation for Home & Transport has been increased from
Rs.1945.74 crores in 2007-08 to Rs.2442.59 crores in 2008-09. An
outlay of Rs.95 crores out of this is earmarked for police force
modernization. The work under the Karnataka State
Accelerated Fire Reforms Project for construction and
upgradation of Fire stations is to be continued at a cost of Rs.35
crores during 2008-09. The work on streamlining of traffic
management in Bangalore under the Bangalore Traffic
Improvement Project (B-Trac) is to be expedited. An outlay of
Rs.38 crores earmarked for the same.

ii. The budget provides for the continuation of the scheme of
subsidized bus passes facility for students, freedom fighters and
the disabled. An allocation of Rs.189 crores is provided as
reimbursement to Road Transport Corporations provided in
2008-09. Government is also to provide a Capital outlay of
Rs.100 crores for improvement of bus transport infrastructure in
the backward taluks.


INFORMATION, TOURISM & YOUTH SERVICES

i. An allocation of Rs.205.41 crores is provided for Information,
Tourism & Youth Services. Tourism infrastructure will be
created on public private partnership model in important
locations. Rs.20 crores is earmarked as the State’s share for the
programme. Rs.40 crores is also earmarked for maintenance and
rejuvenation of existing tourist facilities.

ii. An allocation of Rs.5 crores is earmarked for the conduct of
National Youth Games in Bangalore. The existing programme
of upgradation of taluk-level stadia will continue with an outlay
of Rs.25 crores.

iii.An outlay of Rs.143.59 crores is provided for Kannada and
Culture including a special allocation of Rs.41 crores is also
earmarked for promotion of Kannada and culture. This is in
addition to Rs.12.50 crores provided for Heritage Conservation
and Rs.1 crores each for reprint of important works in Kannada
literature and conduct of Janapada Jatre.

COMMERCE & INDUSTRIES

i. The outlay on Commerce & Industries has increased from
Rs.1421.25 crores to Rs.1484.86 crores. An additional amount of
Rs.60 crores has been provided in 2007-08 itself to clear all
backlog of investment subsidy. Thrust on creation of industrial
infrastructure is to continue with an outlay of Rs.43 crores.

ii. An amount of Rs.50 crores is provided under the One time
Settlement of loans upto Rs.10 lakh taken from KSFC as per the
scheme announced in 2007-08. The existing Weavers’ Package to
continue with an outlay of Rs.50 crores.

iii. Employment generation in the Garment sector to be focused
upon with an outlay of Rs.64 crores.

REDRESSAL OF REGIONAL IMBALANCES

i. Karnataka’s budget for 2008-09 includes a provision of Rs.2489
crores for a Special Development Plan to develop backward
areas in the State to redress regional imbalances within the State.
This represents a 58% increase over the Special Development
Plan of Rs.1571 crores which was initiated for the first time in
2007-08. The Special Development Plan outlay is mainly
directed in the sectors of Rural Development, Irrigation,
Education, Health, Roads and Transport and Welfare of weaker
sections.


Source:government of karnataka
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