Karnataka BJP labels Siddaramaiah as 'biggest borrowing CM' amid Rs 93,000 cr loan report
Bengaluru (PTI): The opposition BJP on Wednesday called Siddarmaiah the “biggest borrowing CM”, citing reports that the state is likely to borrow Rs 93,000 crore in the fourth quarter from January to March.
The opposition's sharp critique of Siddaramaiah, who also holds the finance portfolio, comes on the very day he made history as the longest-serving CM of Karnataka.
Accusing the Congress government of “failing Karnataka”, Leader of Opposition in Assembly R Ashoka said Siddaramaiah must realise that history does not honour the hollow record of time spent in office, it will judge the track record of legacy left behind.
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"Siddaramaiah is not the longest serving CM, but the biggest borrowing CM," he said.
“The Difference between a statistic and a legacy is — the title of the longest serving CM is merely a statistic. The title of biggest borrowing CM is a legacy,” Ashoka posted on ‘X’.
He said, “One of these will be forgotten, the other will be permanently remembered in Karnataka’s history books.”
Noting that the latest figure is staggering, Ashoka said, “Rs 93,000 crore borrowed in a single quarter - the biggest Q4 loan haul in India. This cannot be called governance; it is the very definition of panic-driven financial management.”
According to him, this debt surge is driven by a collapsing fiscal structure: borrowing to repay previous loan obligations, borrowing to dangerously fund unsustainable guarantee schemes and borrowing because fundamental economic planning failed, leading to a cash flow collapse.
“When a government is forced to borrow an average of Rs 31,000 crore every month just to stay afloat, it is not a sign of strength, but a clear indicator of fiscal stress,” he added.
The opposition leader further said CM Siddaramaiah must realise that history does not honour the hollow record of time spent in office.
“It will judge the track record of legacy left behind. And what is being left behind today is undeniable: mountain of debt, clear trail of inefficiency, and a mortgaged future, for the state of Karnataka,” he said adding that records fade, legacies remain.
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Man allegedly arrives with deadly weapon to attack another, caught by public in Jokatte
Panambur: A man who allegedly came armed to attack another person was caught by members of the public and later handed over to police in Jokatte late on Friday night.
The accused has been identified as Naveen Poojari, originally from Vamanjoor and presently residing in Jokatte.
According to police sources, Naveen was married and has an eight-year-old son. The couple are now divorced.
Police said Naveen suspected that his former wife, who is employed at a showroom in Padil, was moving closely with Devi Prasad Acharya, a mechanic working there.
Based on this suspicion, Naveen allegedly went to the house of Devi Prasad Acharya on Friday night carrying a deadly weapon, created a scene and issued threats.
During the incident, Devi Prasad Acharya reportedly contacted the 112 emergency helpline, following which Naveen fled from the spot.
While escaping, Naveen is said to have fallen from his two-wheeler near the Jokatte Panchayat area. Local residents who rushed to help noticed a deadly weapon on the vehicle and immediately alerted police.
Officials from Panambur Police Station rushed to the spot, took Naveen into custody and brought him to the station.
A case has been registered based on the complaint filed by Devi Prasad Acharya, and further action is under way.
