Union budget sale of dreams, nothing for poor, says Siddaramaiah

July 11, 2014

Bangalore, Jul 11: Karnataka Chief Minister Siddaramaiah termed the Union budget as "a sale of dreams" and said there was nothing to bring "good days" to the poor and farmers.

"Finance Minister Arun Jaitley has continued with the sale of dreams as done by Prime Minister Narendra Modi before the ( Lok Sabha) elections," Siddaramaiah said.

siddaramaiah

He said along with his efforts to sell dreams, the Finance Minister has made big announcements, but has disappointed the people by allocating very little to the announced programmes. There is nothing to bring "good days" to poor and farmers in this budget, he said.

Stating that the social sector has been completely neglected in the budget, Siddaramaih said it was really a "bitter pill" to countrymen.

An attempt has been made to satisfy middle class by giving some tax concessions, he added.

The Chief Minister also questioned the intention of the budget which has allocated Rs 200 crore towards installation of Sardar Vallabhbhai Patel statue, while only Rs 100 crore has been allocated to schemes like 'Beti Bachao, Beti Padao' and others.

He said on expected lines the union government is on its path to give an opportunity for foreign direct investment on a large scale. In line with this, it has given opportunity for 49 per cent foreign direct investment in sensitive sectors like defence and insurance.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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