India Today

BETTING BIG ON BENEFITS

A ‘Guarantee Budget’. That’s what Karnataka chief minister Siddaramaiah has labelled the state’s annual financial plan he presented last week. What makes it ambitious is not just the razor-sharp focus on equitable distribution of resources, but Siddaramaiah’s bold declaration that the implementation of the five Congress poll promises, on the back of which the party rode to power this May, would essentially translate into an equivalent of a universal basic income of around Rs 4,000 for nearly 13 million families in the state. A whopping Rs 35,410 crore has been set aside for the five ‘guarantees’: the Anna Bhagya (five kilos of extra rice for poor families), Shakti (free travel for

You’re reading a preview, subscribe to read more.

More from India Today

India Today1 min read
Consumer Care
The ministry fulfils its mandate to ensure food security to all through two mechanisms—the public distribution system as well as the various price support mechanisms, like procurement of foodgrains at minimum support prices. The consumer affairs depa
India Today1 min read
Fertile Ground to Grow
The Union ministry of chemicals and fertilisers is instrumental in ensuring India’s food and drugs security. Other than chemicals and fertilisers, it also has a pharmaceutical department. India’s chemical industry is highly diversified and covers ove
India Today2 min read
Public-Private Synergy Vital
Coal remains the most crucial fossil fuel for India, fulfilling over half of the country’s energy needs. Despite ranking fifth in terms of coal reserves globally, domestic production—which stood at 777 million tonne in FY22—falls short of the growing

Related