COVID-19: Karnataka Approves Enhancing Contingency Fund Limit To Rs 500 Crore

Amid the COVID-19 disaster, the Karnataka cupboard accredited enhancing the state’s contingency fund

Bengaluru:

The Karnataka cupboard in the present day gave its approval for “The Karnataka Contingency Fund (Modification) Invoice, 2020” to boost the contingency fund restrict to Rs 500 crore within the wake of the COVID-19 pandemic.

This will likely be an ordinance making one time enhancement within the restrict as the federal government wants cash to make funds instantly, Regulation and Parliamentary Affairs Minister JC Madhuswamy informed reporters after a cupboard assembly.

Underneath the contingency fund, the federal government had room to spend as much as Rs 80 crore with out price range provision.

“…however this time as a result of COVID-19 as we needed to give cash to some sections that had been in misery like barbers, flower and vegetable growers, taxi drivers, amongst others, we now have determined to extend the restrict to Rs 500 crore,” Mr Madhuswamy mentioned.

“As meeting was not in session and as we needed to make funds to these in misery instantly, this determination has been taken,” he added.

The cupboard in the present day ratified the executive approval given to hold out civil and electrical works to put in medical gasoline pipeline with excessive circulate oxygen system at district hospitals, taluk and group well being centres coming beneath Well being and Household welfare division in view of COVID-19.

The minister mentioned about Rs 207 crore is being accredited for this objective.

It additionally ratified procurement of medical tools and furnishings for public healthcare establishments of the well being and household welfare division value Rs 81.99 crore.

Based on the minister, the cupboard has determined to herald an modification to part 9 of the Lokayukta act, which mandates that the preliminary inquiry contemplated by Lokayukta or Upalokayuta needs to be accomplished in 90 days and cost sheeting needs to be accomplished inside six months.

Noting that on the Agricultural Produce Market Committee (APMC) cess was being collected, he mentioned as the federal government had introduced in an modification to the APMC act, there was demand to cut back the market cess. “So we now have decreased it from 1.5 per cent to 1 per cent.”

Approval has additionally been given by the cupboard to carry Karnataka Vidyuth Kharkane (KAVIKA) and Mysore Electrical Industries (MEI), that are presently beneath the management of Commerce and Industries division, beneath administrative management of the vitality division.

Different choices taken by the cabibinet embrace deployment and implementation of “e-procurement 2.0” venture on PPP at a value of Rs 184.37 crore and ratification of the motion taken to challenge orders on March 24 to launch curiosity free mortgage of Rs 2,500 crore to ESCOMs for cost of excellent energy buy dues to producing corporations.

The cupboard additionally gave administrative approval for organising of an Indian Institute of Info expertise at Raichur.

“Underneath this, we’re dedicated to offer Rs 44.eight crore in 4 years for infrastructure,” the minister added.
 

(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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