Karnataka to borrow Rs 33,000 cr from Centre to tide over Covid crisis

News Network
September 15, 2020

Bengaluru, Sep 15: Close on the heels of the Union government allowing the states to borrow up to five per cent of the state's GDP, the cabinet on Tuesday approved the decision to amend the Karnataka Fiscal Responsibility Act in order to borrow an additional Rs 33,000 crore in this fiscal year.

The proposed amendment will enable the Karnataka government to increase the borrowing limit from the present three per cent to five per cent of the GSDP (gross state domestic product), which can go up to Rs 36,000 crore. Recently, the Union Finance Minister had allowed this as a one-time measure for all the states in the country. Karnataka is one of the early states to take this route to mop-up revenues to meet its needs.

 Speaking to reporters after the cabinet meeting here, Karnataka Law and Parliamentary affairs minister, J. C. Madhuswamy said that the state will also sell "B-Kharab" land (wasteland) existing within the periphery of 18 kms in and around Bengaluru at four times the present guidance value.

He added that everyone knows the truth behind why the state government had to opt for this route. "Due to the pandemic, we are helpless, we need money to kickstart various projects. Therefore, the state cabinet has approved to amend the Karnataka Fiscal Responsibility Act, which will allow us to borrow up to Rs 36,000 crore but at present we have decided to use it to the tune of Rs 33,000 crore," he explained.

According to him, all these years, whenever such borrowings were undertaken, it was used only for capital investment purposes, but for the first time the state has decided to utilise it for expenditure purposes also.

Generally, in government parlance, capital investment is considered to be an investment in development projects or to introduce welfare programmes, while expenditure is deemed as payment of salary and other day-to-day expenses incurred by the government.

Across the state, sporadic protests in the recent past by doctors, teachers, guest lecturers and others over the delay in their salaries was also another reason why the Karnataka government has opted for this route, a senior bureaucrat told IANS.

The minister added that the state government had not forgone its demand to the tune of Rs 11,000 crore GST share from the Union government. "We will relentlessly pursue to recover this share from the Union government. We have not forgone our claim on this. Like all other states, we will also continue to demand from the Union government to release our share," he added.

Responding to a question about the government's decision to auction the Kharab land in Bengaluru, the Law Minister added that whenever the state government allots land, sometimes, that land will also contain Kharab land, for which the government would not have recovered the cost.

"But now within Bengaluru, the land prices have shot up to an unprecedented level that even this Kharab land fetches a good value for realtors. Therefore, the state government will recover the cost from them to legalise it in their favour. Most of the Kharab land is used to build housing or commercial complexes. Hence, the state is now planning to charge four times the present guidance value in such cases," he explained.

According to the Minister, Karnataka will also renew the mining lease that was awarded to the National Minerals Development Corporation in Bellary, where they have been operating for the last several years. "With the renewal of mining lease to the NMDC, the state is expected to mop-up to the tune of Rs 650 crore annually," he said.

Answering to another question, Madhuswami asserted that there was no proposal before the state government to divide Bengaluru city into three or four municipalities, but there was a proposal of dividing Bengaluru into four zones. "Bengaluru will be divided into four zones. To effect this change, the state government is planning to introduce a new Act exclusively in the forthcoming Legislature session," he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 23,2026

Mangaluru: The Karnataka Government Polytechnic (KPT), Mangaluru, has achieved autonomous status from the All India Council for Technical Education (AICTE), becoming the first government polytechnic in the country to receive such recognition in its 78-year history. The status was granted by AICTE, New Delhi, and subsequently approved by the Karnataka Board of Technical Education in October last year.

Officials said the autonomy was conferred a few months ago. Until recently, AICTE extended autonomous status only to engineering colleges, excluding diploma institutions. However, with a renewed national focus on skill development, several government polytechnics across India have now been granted autonomy.

KPT, the second-largest polytechnic in Karnataka, was established in 1946 with four branches and has since expanded to offer eight diploma programmes, including computer science and polymer technology. The institution is spread across a 19-acre campus.

Ravindra M Keni, the first dean of the institution, told The Times of India that AICTE had proposed autonomous status for polytechnic institutions that are over 25 years old. “Many colleges applied. In the first round, 100 institutions were shortlisted, which was further narrowed down to 15 in the second round. We have already completed one semester after becoming an autonomous institution,” he said. He added that nearly 500 students are admitted annually across eight three-year diploma courses.

Explaining the factors that helped KPT secure autonomy, Keni said the institution has consistently recorded 100 per cent admissions and placements for its graduates. He also noted its strong performance in sports, with the college emerging champions for 12 consecutive years, along with active student participation in NCC and NSS activities.

Autonomous status allows KPT to design industry-oriented curricula, conduct examinations, prepare question papers, and manage academic documentation independently. The institution can also directly collaborate with industries and receive priority funding from AICTE or the Ministry of Education. While academic autonomy has been granted, financial control will continue to rest with the state government.

“There will be separate committees for examinations, question paper setting, boards of studies, and boards of examiners. The institution will now have the freedom to conduct admissions without government notifications and issue its own marks cards,” Keni said, adding that new academic initiatives would be planned after a year of functioning under the autonomous framework.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 31,2026

Roy.jpg

Bengaluru: The shooting incident involving CJ Roy, founder of the Confident Group, has once again put the spotlight on a businessman whose life has swung between flamboyant global success and persistent controversy at home.

Though Roy’s business interests extended across continents, his roots lay firmly in Karnataka. An alumnus of Christ School in Bengaluru, he later moved to Tumakuru to pursue an engineering degree. Those familiar with his early years describe him as intensely ambitious, beginning his career as a salesman at a small electronics firm dealing in computers.

Roy’s entry into large-scale real estate came through the Crystal Group, where he worked closely with Latha Namboothiri and rose from manager to director. However, the launch of the Confident Group in 2005 was clouded by industry speculation. Insiders speak of a fallout involving alleged “benami” properties and claims of deception that ultimately led to his independent venture—an episode Roy spent years trying to distance himself from, according to associates.

A tale of two cities

Roy’s professional trajectory diverged sharply across geographies.

In Dubai, he built a reputation as a bold and efficient developer, completing massive luxury residential projects in record time—some reportedly within 11 months. His rapid project delivery and lavish lifestyle in the Emirates earned him admiration and visibility in the real estate sector.

In Bengaluru, however, his image remained far more fractured. Sources say Roy stayed away from the city for several years amid disputes over unpaid dues to vendors and suppliers. Several projects were allegedly stalled, with accusations of unfulfilled commitments to cement and steel suppliers continuing to follow him.

Roy’s return to Bengaluru’s business and social circles began around 2018, marked by a conscious attempt at rebranding. His appointment as Honorary Consul of the Slovak Republic added diplomatic legitimacy, which he complemented with visible CSR initiatives, including ambulance donations and high-profile charity events.

Heavy police presence in Langford Town

Following the incident, police personnel from the Central division were deployed outside the Confident Group building in Langford Town, which also houses the Slovak Honorary Consulate in Bengaluru.

The otherwise busy premises near Hosur Road wore a deserted look on Friday, reflecting the shock and uncertainty that followed the tragedy.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 5,2026

In an era where digital distractions are the primary rival to academic excellence, the Karnataka Education Department is taking the fight directly to the living room. As the SSLC (Class 10) annual examinations loom, officials have launched a localized "digital strike" to ensure students aren't losing their competitive edge to scrolling or soap operas.

The 7-to-9 Lockdown

The department has issued a formal directive urging—and in some cases, enforcing via home visits—a total blackout of mobile phones and television sets between 7:00 PM and 9:00 PM. This two-hour window is being designated as "sacred study time" across the state until the examinations conclude on April 2.

Key Pillars of the Initiative:

•    Doorstep Advocacy: Teachers are transitioning from classrooms to living rooms, meeting parents to explain the psychological benefits of a distraction-free environment.

•    Parental Accountability: The campaign shifts the burden of discipline from the student to the household, asking parents to lead by example and switch off their own devices.

•    The Timeline: The focus remains sharp on the upcoming exam block, scheduled from March 18 to April 2.

"The objective is simple: uninterrupted focus. We are reclaiming the evening hours for the students, ensuring their environment is as prepared as their minds," stated a senior department official.

Student vs. Reality

While the student community has largely welcomed the "forced focus"—with many admitting they lack the willpower to ignore notifications—the move has sparked a debate on enforceability. Without a "TV Police," the success of this initiative rests entirely on the shoulders of parents and the persuasive power of visiting educators.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.