Union finance minister Nirmala Sitharaman on Wednesday mentioned the centre will present ₹5,300 crore help to the drought-prone areas of Karnataka for irrigation functions. Sitharaman was talking in Parliament whereas presenting the union finances for the fiscal yr 2023-24. That is the final full-year finances earlier than the 2024 Lok Sabha election.
The ₹5,300 crore help to the poll-bound southern state was a part of the centre’s second precedence: ‘reaching the final mile’. “The centre will present ₹5,300 crore help to drought-prone central area of Karnataka,” introduced Sitharaman.
Karnataka is ready to enter meeting elections in April – Might this yr.
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The finance minister is predicted to tweak income-tax slabs to supply aid to the center class, aside from which, the highest priorities within the finances can be: inclusive growth, infrastructure and funding, “unleashing the potential”, inexperienced progress, youth energy and monetary sector.