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

Facebook
Twitter
Google+
WhatsApp
Linkedin
Email


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

Bengaluru:

The Karnataka cupboard at this time gave its approval for “The Karnataka Contingency Fund (Modification) Invoice, 2020” to reinforce 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.

Below the contingency fund, the federal government had room to spend as much as Rs 80 crore with out finances provision.

“…however this time attributable to 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 have now determined to extend the restrict to Rs 500 crore,” Mr Madhuswamy stated.

“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 at this time ratified the executive approval given to hold out civil and electrical works to put in medical fuel pipeline with excessive circulate oxygen system at district hospitals, taluk and group well being centres coming underneath Well being and Household welfare division in view of COVID-19.

The minister stated about Rs 207 crore is being accepted for this goal.

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 usher in 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 stated as the federal government had introduced in an modification to the APMC act, there was demand to scale back the market cess. “So we have now lowered it from 1.5 per cent to 1 per cent.”

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

Different selections taken by the cabibinet embrace deployment and implementation of “e-procurement 2.zero” venture on PPP at a price 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 fee of excellent energy buy dues to producing firms.

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

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

(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)



Source link