Karnataka
Guarantees Will Hit Infra Development 'To Some Extent': Karnataka Congress Minister Gets Candid
Swarajya Staff
Jun 26, 2023, 11:32 AM | Updated 11:34 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Minister for Small Scale Industries and Public Enterprises, Sharanabasappa Darshanapur, on Saturday, 24 June, admitted that the guarantee schemes in Karnataka will have an impact on the infrastructure development in the state.
As a result of the various freebies promised by the Karnataka Congress, the development of infrastructure will be affected 'to some extent', the Minister was quoted as saying.
Speaking at an interaction with industrialists and traders in Karnataka's Kalaburagi district, the Minister said that the development will pick up pace in the second year of administration. He added that the state exchequer will have to bear a cost of Rs 40,000 to Rs 50,000 crore to deliver the guarantee schemes.
Additionally, he also ruled out any possibility of a tariff hike rollback. He stated that the decision is solely left to the autonomous body — Karnataka Electricity Regulatory Commission.
The government is considering the possibility of a reduction in the electricity tariff hike for small scale industries. A meeting with Energy Minister K J George is scheduled on 28 June to discuss the same, the Minister added.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.