Karnataka sees 7% GDP growth; fiscal deficit at 2.75%

March 13, 2015

Bengaluru, March 13: The State Budget of Karnataka presented by Chief Minister and Finance Minister Siddaramaiah has claimed that the state’s Gross Domestic Product (GDP) saw a growth of 7 per cent for 2014-15, as against 5 per cent in 2013-14. He has attributed it to the partial recovery in the national economy, particularly in the industrial and service sectors.

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The budget claims that the industrial sector in the state has registered a growth of 4.4 per cent, while the service sector has seen a growth of 8.9 per cent. “Despite the drought in many taluks of the state, the agriculture sector is estimated to grow by 4.5 % during this year,” he said.

The total expenditure for 2015-16 is estimated to be Rs. 1,42,534 crore, with a revenue expenditure of Rs. 1,15,450 crore. The total receipts are estimated to be Rs. 1,39,476 crore, of which the revenue receipts are estimated to be Rs. 1,16,360 crore and Rs. 22,950 crore of borrowings.

The fiscal deficit in the budget is Rs. 20,220 crore which is 2.75 per cent of the GSDP. The total liabilities of the state as on 2015 is Rs. 1,80,815 crore which is 24.56 per cent of GSDP. These parameters are within the 3 per cent fiscal deficit and 25 per cent of liabilities of GSDP as mandated by the Karnataka Fiscal responsibility Act.

The annual plan of 2015-16 is fixed at Rs. 72,597 crore, as against the planned expenditure of Rs. 65,600 crore the previous year, there by has seen an increase of 10.67 per cent. Of the Rs. 72,597 crore, Rs. 67,882 crore comes from the state budgetary resources and the rest Rs. 8,645 crore from the resources of public sector enterprises.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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News Network
December 4,2025

Mangaluru: Chaos erupted at Mangaluru International Airport (MIA) after IndiGo flight 6E 5150, bound for Mumbai, was repeatedly delayed and ultimately cancelled, leaving around 100 passengers stranded overnight. The incident highlights the ongoing country-wide operational disruptions affecting the airline, largely due to the implementation of new Flight Duty Time Limitations (FDTL) norms for crew.

The flight was initially scheduled for 9:25 PM on Tuesday but was first postponed to 11:40 PM, then midnight, before being cancelled around 3:00 AM. Passengers expressed frustration over last-minute communication and the lack of clarity, with elderly and ailing travellers particularly affected. “Though the airline arranged food, there was no proper communication, leaving us confused,” said one family member.

An IndiGo executive at MIA cited the FDTL rules, designed to prevent pilot fatigue by limiting crew working hours, as the cause of the cancellation. While alternative arrangements, including hotel stays, were offered, about 100 passengers chose to remain at the airport, creating tension. A replacement flight was arranged but also faced delays due to the same constraints, finally departing for Mumbai around 1:45 PM on Wednesday. Passengers either flew, requested refunds, or postponed their travel.

The Mangaluru delay is part of a broader crisis for IndiGo. The airline has been forced to make “calibrated schedule adjustments”—a euphemism for widespread cancellations and delays—after stricter FDTL norms came into effect on November 1.

While an IndiGo spokesperson acknowledged unavoidable flight disruptions due to technology issues, operational requirements, and the updated crew rostering rules, the DGCA has intervened, summoning senior airline officials to explain the chaos and outline corrective measures.

The ripple effect has been felt across the country, with major hubs like Bengaluru and Mumbai reporting numerous cancellations. The Mangaluru incident underscores the systemic operational strain currently confronting India’s largest carrier, leaving passengers nationwide grappling with uncertainty and delays.

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