CM Justifies ₹10 Crore Allocation for Wayanad Flood Relief and Sadhana Samavesha

Fast Summary:

• Karnataka chief Minister Siddaramaiah defended the allocation of ₹10 crore for flood relief in Wayanad, Kerala, calling it a humanitarian gesture during heavy rainfall and landslips that caused significant casualties.
• Opposition leader R. Ashok criticized the allocation,questioning why Karnataka did not show similar generosity to other calamity-hit states and pointing out discrepancies in funding for house rebuilding within Karnataka versus Kerala.
• Siddaramaiah justified spending another ₹10 crore on Sadhana Samavesha, stating it showcased two years of governance achievements while the Opposition called it a Congress party event.
• The Money bill for supplementary estimates amounting to ₹3,352.57 crore was passed in Karnataka’s Legislative Council and assembly despite debates and opposition scrutiny.

– Of this amount: ₹2,552 crore is allocated as revenue expenditure and ₹790 crore as capital expenditure.
– Key allocations include:
₹1,500 crore into the guarantee redemption fund (GRF) required by RBI guidelines to ensure loans raised by public undertakings are secured; GRF currently holds only ₹760 crore against guarantees of debt worth ₹46,271 crore.
Revenue expectations from the Center stand at ₹820.20 crore with an additional contribution of ₹262.20 crore from reserve funds.
* Possibilities of increasing revenue receipts or taking loans if necessary were mentioned by Siddaramaiah.

Indian Opinion Analysis:
The defense by Chief Minister Siddaramaiah highlights his administration’s emphasis on humanitarian acts irrespective of state boundaries-a stance rooted in principles rather than political reciprocity but contentious amid local disparities criticized by opposition leaders like R. Ashok regarding internal resource allocation within Karnataka itself.

The focus on financial sustainability through measures like contributions to GRF aligns with efforts toward compliance with institutional regulations such as those set forth by RBI guidelines-necessary for maintaining trust among lenders supporting public sector development initiatives.

While humanitarian values undeniably strengthen inter-state goodwill during crises like Kerala floods drought level differential criticism suggests household priorities balancing directly amid fiscal factorizing