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
February 4,2026

Mangaluru: Urban local bodies and gram panchayats should make the use of Kannada on signboards mandatory while issuing trade licences to commercial establishments, Dakshina Kannada Deputy Commissioner Darshan HV said. He also called for regular inspections to ensure compliance.

Presiding over the District Kannada Awareness Committee meeting at the deputy commissioner’s office, Darshan said the city corporation would be directed to ensure that shops operating in malls prominently display their names in Kannada. “All commercial establishments, including shops, companies, offices and hotels, must mandatorily display their names in Kannada on signboards,” he said.

The deputy commissioner added that the National Highways Authority of India (NHAI) would be instructed to include Kannada on signboards along national highways. Banks, he said, would be directed through committee meetings to provide application forms in Kannada.

“Even if English-medium schools and colleges impart education in English, their signboards must display the institution’s name in Kannada. Steps will also be taken to ensure that private buses display place names in Kannada,” Darshan said.

During the meeting, committee members raised concerns over the closure of Kannada-medium schools in rural areas due to a shortage of teachers and stressed the need for immediate corrective measures. They also pointed out that several industries employ workers from other states while overlooking local candidates.

Members further demanded that nationalised banks provide deposit and withdrawal slips in Kannada. It was brought to the deputy commissioner’s notice that the presence of staff without knowledge of Kannada in rural branches of nationalised banks is causing hardship to local customers.

Meanwhile, MP Srinath, president of the District Kannada Sahitya Parishat, urged the district administration to allot land for the construction of a district Kannada Bhavana in Mangaluru.

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 3,2026

Bengaluru: Following reports of fresh Nipah virus (NiV) cases in West Bengal and heightened vigilance across parts of Southeast Asia, the Karnataka Health Department has placed the state on high alert and activated emergency preparedness protocols.

Health officials said enhanced surveillance measures have been initiated after two healthcare workers in Barasat, West Bengal, tested positive for the virus earlier this month. While no cases have been reported in Karnataka so far, authorities said the state’s past exposure to Nipah outbreaks and high inter-state mobility warranted preventive action.

Officials have directed district health teams to intensify monitoring, particularly at hospitals and points of entry, and to ensure early detection and isolation of suspected cases.

High Mortality Virus with Multiple Transmission Routes

Nipah virus is a zoonotic disease that can spread from animals to humans and has a reported fatality rate ranging between 60 and 75 per cent. Fruit bats, also known as flying foxes, are the natural reservoirs of the virus and can transmit it by contaminating food sources with saliva or urine.

Known modes of transmission include:

•    Contaminated food: Consumption of fruits partially eaten by bats or raw date-palm sap
•    Animal contact: Exposure to infected pigs or other animals
•    Human-to-human transmission: Close contact with body fluids of infected persons, particularly in healthcare settings

Symptoms and Disease Progression

The incubation period typically ranges from 4 to 14 days, though delayed onset has also been reported. Early symptoms often resemble common viral infections, making prompt clinical suspicion critical.

•    Initial symptoms: Fever, headache, body aches, fatigue, sore throat
•    Progressive symptoms: Drowsiness, disorientation, altered mental state
•    Severe stage: Seizures, neck stiffness and acute encephalitis, which can rapidly progress to coma

Public Health Advisory

The Health Department has issued precautionary guidelines urging the public to adopt risk-avoidance practices to prevent any local spillover.

Do’s
•    Wash fruits thoroughly before consumption
•    Drink boiled and cooled water
•    Use protective equipment while handling livestock
•    Maintain strict hand hygiene

Don’ts
•    Avoid fruits found on the ground or showing bite marks
•    Do not consume beverages made from raw tree sap, including toddy
•    Avoid areas with dense bat populations
•    Do not handle sick or dead animals

Preparedness Measures

Officials confirmed that isolation wards are being readied in major government hospitals and that medical staff are being sensitised to identify early warning signs.

“There is no cause for panic, but there is a need for heightened vigilance,” a senior health official said, adding that there is currently no approved vaccine or specific antiviral treatment for Nipah, and care remains largely supportive.

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.