Pre-budget meet with FM: Karnataka seeks more funds to support Bengaluru’s infrastructure

Economy


Karnataka has sought more funds from the Centre for investments in Bengaluru’s infrastructure projects such as metro rail, sub-urban rail, road transport etc.

Bengaluru is one of the largest contributors to India’s economy. The city requires huge investments, home minister Basavaraj Bommai said at a pre-budget interaction with finance minister Nirmala Sitharaman. The home minister represents Karnataka in the GST Council.

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Bommai acknowledged the Centre was already supporting these projects and requested for more allocation in the areas of mobility, solid-waste management and in other areas of critical infrastructure. He also urged Sitharaman to bear 90% cost of Yettinahole drinking water project by treating it as a national project as it would provide drinking water to drought-prone districts of Kolar, Chikkaballapur, Ramanagara, Bengaluru rural and Tumakuru.

Karnataka, he said, was one of the first states to agree for a cost-sharing model for implementing big-ticket railway projects. The funding for the same, however, has not been commensurate with Karnataka’s needs, he said, calling for more funds for the ongoing projects.

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The 15
th Finance Commission, Bommai said, has recommended a special grant of Rs 5495 crore to Karnataka in its report for 2020-21. He urged Sitharaman to accept the recommendation and award the grant in recognition of Karnataka among the best tax-governed states. He also urged the finance minister not to revise states’ allocation estimates downwards as it would badly hurt their expenditure commitments.



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