Karnataka Chief Minister Basavaraj Bommai has proposed no increase in taxes in the Budget 2022-23 presented by him in the state Legislative Assembly on Friday. In his maiden budget, the Chief Minister who also holds the Finance portfolio has expressed his government’s commitment for the implementation of the Mekedatu project across river Cauvery, to which neighbouring Tamil Nadu is opposed to, and has provided Rs 1,000 crore for it this year. With just a year left for the Assembly polls in the state, this is most likely to be the last full-fledged budget ahead of the election.
Among other announcements, the CM said that temples under Endowment Department will be given autonomy as per long-pending demand. Meanwhile, a total of Rs 8,409 crore has been allocated for the comprehensive development of Bengaluru city. This marks the first day of the Budget session in the Karnataka Assembly.
