Won't let any impediment affect recovery of economy post-COVID: CM Bommai
Bengaluru, Mar 16: Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government would not let any impediment hit the speedy economic recovery post-COVID in the State.
"You all know what kind of situation was created due to COVID-19 in the last two years. The effect was not just limited to health sector but impacted every sphere of our life and put a brake on our economic development," Bommai said while participating in a discussion on the budget for 2022-23.
He said Karnataka was quick to recoup from the COVID effect once the infections came under control.
Reading out the achievements of his 'Amrit' schemes as part of 'Azadi Ka Amrit Mahotsav' (platinum jubilee of Indian independence) which were launched on August 15, 2021, and various pro-people policies including health, education, transport, industrial development, infrastructure, skill development, nutrition, woman and child welfare, and agriculture schemes, Bommai said he would firmly move to achieve the goals set by his government.
Regarding the Leader of Opposition Siddaramaiah's concern over the increasing borrowings, Bommai said in the last two years the revenues were not up to the mark due to COVID-19.
In 2020-21, there was a reduction of Rs 11,444 crore in the commercial tax, Rs 2,079 crore in motor vehicles-related revenue, Rs 1,500 crore in the stamp and registration and Rs 540 crore in other revenues, the Chief Minister said. He said there was reduction of Rs 6,897 crore of the central aid.
"Overall, there was a reduction of Rs 21,835 crore in the revenue in 2020-21. While on the one hand there was reduction in revenue, on the other hand the spending on health increased due to COVID-19," said Bommai
The Chief Minister explained that limiting the fiscal deficit to three per cent was ideal in normal circumstances and not in an abnormal situation caused by the pandemic.
He said the borrowings of Karnataka doubled when Siddaramiaah was Chief Minister.
"From the time we got independence to 2013-14, the total borrowings were Rs 1.38 lakh crore but from 2013-14 to 2018-19 when Siddaramaiah was the Chief Minister who also held finance portfolio, the total borrowings increased to Rs 2.96 lakh crore. This was 107 per cent increase in borrowings in just five years," said Bommai.
He said this happened despite there was not any emergency like COVID-19 and the situation was normal and the economy was booming.
"In 2019-20, the borrowing increased to Rs 3.27 lakh. In just four years, the borrowings saw an increase of 58 per cent despite all these problems (COVID and floods)," he pointed out.
Bommai refuted the charge that the Central grant to Karnataka has reduced and said Prime Minister Narendra Modi has been generously giving financial grant to the State.
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Mumbai Metro lines 9 and 2B open for commuters
Mumbai (PTI): Commercial operations on the first phases of Mumbai Metro corridors 9 and 2B began on Wednesday morning, a day after Maharashtra Chief Minister Devendra Fadnavis inaugurated the mass-transit routes, officials said.
While the Metro 9 marks the first direct connectivity between a suburb in Mumbai and a part of Thane city in the metropolitan region, the Line 2B will provide the first metro connectivity on the Harbour Line in Mumbai.
The 5.6-km elevated Phase 1 stretch of Metro Line 9 comprises four stations -- Dahisar East, Pandurangwadi, Miragaon and Kashigaon. The 5.53-km Phase 1 of Metro Line 2B has five stations, including Deshbhakt N G Acharya Udyan (Diamond Garden), Chhatrapati Shivaji Maharaj Chowk, Deonar, Mankhurd and Maharashtra Nagar–Mandale.
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According to the Mumbai Metropolitan Region Development Authority (MMRDA), Line 9 is expected to cut travel time between Mira-Bhayandar in Thane district and Mumbai to around 30 minutes from the current one to two hours. Built at Rs 6,607 crore, it will eventually provide seamless connectivity to south Mumbai through interlinking with other lines.
With the addition of the two new lines, Mumbai’s operational Metro network has expanded to six corridors, including Line 1 (Ghatkopar-Andheri-Versova), Line 2A (Andheri West-Dahisar East), Line 7 (Dahisar East-Andheri East) and the underground Line 3 (Colaba-Bandra Kurla Complex-SEEPZ).
As per MMRDA, the revised timetable for Line 2A and Line 7 came into effect on Wednesday, aimed at improving frequency, predictability and overall commuter experience.
It said that with the inauguration of Line 9, Metro Line 2A will now operate as a standalone corridor between Andheri West and Dahisar East, with services from 5.50 am till around 11 pm and a peak frequency of about six minutes.
The integrated Line 7-9 corridor (Gundavali to Kashigaon), spanning 19.79 km, will operate from 5.50 am to 11 pm, with a peak frequency of under six minutes and 276 services on weekdays.
Metro Line 2B (Phase 1) services commenced at 6 am and will run till around 10.30 pm at intervals of approximately nine-and-a-half minutes, operating 209 services daily, according to officials.
MMRDA said the integration of Line 7 with Line 9 enables direct connectivity from Andheri East to Mira-Bhayandar, while Lines 2A and 7 will function as separate corridors.
A seamless interchange facility at Dahisar station will allow passengers to switch between Lines 2A and 7 without exiting the “paid” (ticketed) area.
