Karnataka Budget-2018 HIGHLIGHTS | Power, petrol prices to go up in H D Kumaraswamy's maiden budget

The budget proposes a hike in power tax from 6% to 9%. Petrol prices will increase by Rs 1.14 and diesel by Rs 1.12 per litre. H D Kumaraswamy announced farm loan waivers up to Rs 2 lakh too.

Published: 05th July 2018 11:25 AM  |   Last Updated: 05th July 2018 01:57 PM   |  A+A-

H D Kumaraswamy presents budget on Thursday ( Photo | New Indian Express)

By Online Desk

Karnataka Chief Minister H D Kumaraswamy announced a number of populist schemes including huge farm loan waivers to the tune of Rs 2 lakh while presenting his maiden budget on Thursday 11:30 AM in Vidhana Soudha in Bengaluru. Kumaraswamy, who is also the finance minister, is expected to present a  populist budget aimed at the rural masses.

Heading the party with the symbol of a farm woman carrying a haystack, Kumaraswamy’s budget has a few novel programmes to reach out to farmers. Congress president Rahul Gandhi has already indicated farm loan waivers among other sops.

The budget will have many a gift for other segments of the society too apart from the farming community.


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  • raji

    shameless coalition government. People gave mandate for change in Government to BJP. Drama makers again back on stage with new facial make up. Siddaramaiah government for past 5 years gave stabilization after SM krishna govenment. HDK as CM is not able administrator and finance minister. Only a chance he has taken. Let people dethrone this government soon. No farmer loan will be waived off. all drama drama drama .
    2 years ago reply
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