Karnataka Chief Minister Siddaramaiah has formally requested the 16th Finance Commission to allocate ₹27,793 crore for Bengaluru’s development and additional funds for the Kalyana Karnataka region. This request follows a major financial deficit of ₹79,770 crore caused by reductions in tax devolution from the 15th Finance Commission.
**Details of the Financial Deficit:**
The state of Karnataka has experienced a financial deficit of ₹79,770 crore due to decreased tax devolution under the 15th Finance Commission. This deficit has strained the state’s budget, making it challenging to finance essential infrastructure and development projects. The state’s proposal to the 16th Finance Commission aims to address this deficit and provide necessary support for growth initiatives.
**Requested Grant for Bengaluru:**
Among the key demands is a special grant of ₹27,793 crore for Bengaluru, intended to support the city’s infrastructure needs. Bengaluru, as a major economic and technological hub, faces numerous urban challenges. The requested funds are targeted at addressing these issues, including upgrading transportation, improving public facilities, and enhancing digital infrastructure.
**Funding for Kalyana Karnataka:**
The memorandum also calls for increased funding for Kalyana Karnataka, a region that has historically lagged in development. The additional financial support is aimed at improving infrastructure, education, and healthcare services in Kalyana Karnataka, ensuring more equitable development across the state.
**Visit by Finance Commission Chairman:**
Finance Commission Chairman Dr. Arvind Panagariya’s recent visit to Karnataka was a key event in reviewing the state’s financial needs. The visit provided a platform for direct discussions between state officials and the Finance Commission, emphasizing the urgency of addressing Karnataka’s financial challenges.
**Potential Impact on Development:**
If the Finance Commission approves these requests, Karnataka could see significant improvements in both Bengaluru and Kalyana Karnataka. The proposed grant would facilitate critical infrastructure development in Bengaluru, while additional support for Kalyana Karnataka would help address developmental imbalances. These measures are expected to drive balanced growth and enhance the overall development of the state.
**Conclusion:**
The request by Chief Minister Siddaramaiah to the 16th Finance Commission highlights Karnataka’s urgent need for financial support to overcome recent challenges and promote balanced development. By seeking targeted grants for Bengaluru and Kalyana Karnataka, the state aims to enhance infrastructure and address regional disparities. The response from the Finance Commission will be crucial in determining the future trajectory of Karnataka’s development efforts.
