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The move comes amidst the CAG warning that Karnataka’s five poll guarantees are straining resources, widening deficits and adding to debt.
The Congress-led government, which came to power in May 2023, is treading a difficult path, burdened by an annual expenditure of Rs 52,000 crore for its five guarantees. Plus, the Union government’s disparity in tax devolution, simmering public anger over price hikes, and inadequate funds for development work has pushed the state to the brink.
With the Congress-led state government scrambling for funds for its guaranteed schemes, the BJP claims that people have been burdened with hikes and development has been hit.
Some Congress legislators have asked for the guarantees to be reconsidered as they had not helped the party in the LS polls. However, the CM insists that the welfare schemes are not for political gain but a commitment to the people.
Chandrasekhar's camp believes that a split in anti-BJP votes enabled by veteran CPI leader Panniyan Raveendran, along with coastal votes and anti-incumbency against three-time MP Tharoor, will help the party win its maiden Lok Sabha seat in Kerala.
Lok Sabha Polls 2024: The promises are part of another five guarantees, each for 'Shramik Nyay' and 'Hissedari Nyay' announced by the party on Saturday.
Mining conglomerate Vedanta Ltd will seek shareholders nod to raise its limit of inter-corporate loans to Rs 80,000 crore.
The equivalent of Section 295 is Section 185 under Companies Act, 2013 but it‘s more restrictive. Section 185 prohibits any company from giving loans, guarantees and securities in favor of its directors or to any other person in whom the director is interested in.
Google tech shopper report shows 7 out of 10 Indian buyers know what brand and model they want before entering a store.
Every little step your child takes, your smile becomes wider but slowly you become more aware of your responsibilities.
