Karnataka waives Rs 34,000 crore farm loans
Bengaluru, July 5 : The Karnataka government on Thursday waived farm loans up to Rs 34,000 crore, giving relief to lakhs of farmers across the state.
"I propose to waive farm loans up to Rs 34,000 crore, with Rs 2 lakh per farmer family," Chief Minister H.D. Kumaraswamy said in the Assembly while presenting his maiden state budget for fiscal 2018-19.
The budget proposes to tax the people heavily by increasing the petrol fare by Rs 1.14 per litre and diesel by Rs 1.12 per litre.
"I also propose to increase excise duty on Indian made foreign liquor by 4 per cent to raise additional revenue for meeting the budget expenditure," said Kumaraswamy, who heads a coalition government of his Janata Dal-Secular and the Congress.
The Chief Minister has also proposed to increase power tariff by 20 paise per unit.
Promising to continue the flagship programmes of the previous Congress government, Kumaraswamy told the legislators that the overall size of the budget would be Rs 2,13,734 crore.
"I propose to allocate Rs 150 crore for agriculture development based on the Israeli model. We will focus on agriculture as well as the services sector," he said.
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Doctor cheated of Rs 70 lakh in flat purchase deal in Navi Mumbai; 3 booked
Thane (PTI): A 48-year-old doctor has allegedly been duped of Rs 70 lakh by three persons, including a woman, who offered to sell him a flat in Maharashtra's Navi Mumbai township, police said on Thursday.
The accused showed a flat located in Roadpali area of Kalamboli to the doctor and expressed their intention to sell it to him despite the fact that it had been already sold to someone else.
They took Rs 70 lakh from the doctor but did not give him possession of the flat, an official from Kalamboli police station said.
When the doctor demanded his money back, the accused evaded him.
The doctor on Tuesday approached the police with a complaint, based on which a case was registered against the three accused under legal provisions for cheating and criminal breach of trust, the official said.
