Karnataka on way to bankruptcy, like Himachal Pradesh, Kerala: LoP Ashoka

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Karnataka on way to bankruptcy, like Himachal Pradesh, Kerala: LoP Ashoka

^{Published on 2025-01-07 22:40:39 - MSN}

BENGALURU: Leader of Opposition R Ashoka said the Siddaramaiah government is going the Himachal Pradesh and Kerala way of bankruptcy. "This government is a 60 per cent commission government, and the State government is not able to pay bills to contractors,

The article from MSN discusses statements made by Karnataka's Leader of Opposition, R. Ashoka, who criticized the state's financial management under the Congress government. Ashoka claimed that Karnataka is heading towards bankruptcy, similar to the financial situations in Himachal Pradesh and Kerala. He highlighted that the state's revenue collection has decreased, and the government has been borrowing heavily, with borrowings amounting to Rs 1.05 lakh crore in the last 10 months. Ashoka also pointed out that the government has not paid contractors, leading to a halt in development works, and accused the government of misusing funds meant for Scheduled Castes and Tribes. He further criticized the government for not fulfilling its promises, like the five guarantees, and for increasing taxes, which he believes are pushing the state towards financial ruin.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/karnataka-on-way-to-bankruptcy-like-himachal-pradesh-kerala-lop-ashoka/ar-AA1x8SdB ]

N@N

Karnataka on way to bankruptcy, like Himachal Pradesh, Kerala: LoP Ashoka