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.
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.