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Karnataka had to bear nearly 90% of metro costs despite Centre’s 50:50 share agreement, says CM Siddaramaiah

by London 24/7
in Finances
Reading Time: 2 mins read
Karnataka had to bear nearly 90% of metro costs despite Centre’s 50:50 share agreement, says CM Siddaramaiah

CM Siddaramaiah, the Chief Minister of Karnataka, has recently urged the central government to provide greater funding to the state, similar to the funding given to Maharashtra and Gujarat. In a recent meeting with the Union Finance Minister, Mr. Arun Jaitley, CM Siddaramaiah highlighted the need for equal allocation of funds to all states, irrespective of their political affiliations.

The state of Karnataka, known for its rich culture and diverse economic sectors, has been constantly striving towards development and progress. However, the state has been facing a major setback in terms of financial support from the central government. Despite being one of the top contributors to the country’s GDP, Karnataka has not been receiving its due share of funds from the central government.

In his meeting with the Finance Minister, CM Siddaramaiah presented a detailed report on the state’s financial requirements and emphasized the need for equal distribution of funds. He pointed out that Karnataka has been neglected in terms of central funding, while states like Maharashtra and Gujarat have been receiving a larger share of the funds. This disparity has been hindering the state’s growth and development, leading to an imbalance in the overall progress of the country.

The CM also highlighted the fact that Karnataka has been facing several challenges, including drought, floods, and other natural disasters, which have put a strain on the state’s resources. In such times, it becomes imperative for the central government to provide adequate financial assistance to the state, to help it overcome these challenges and continue its path towards progress.

Karnataka, being one of the leading states in the country, has been contributing significantly to the overall development of the nation. It is home to some of the top IT companies, renowned educational institutions, and a booming tourism industry. However, the lack of adequate funding from the central government has been a major hurdle in the state’s growth.

CM Siddaramaiah has also pointed out that the central government has been providing special packages and grants to states like Maharashtra and Gujarat, which have already achieved a certain level of development. On the other hand, Karnataka, being a state that is still in the process of development, has been overlooked and has not received the necessary support from the central government.

The CM’s plea for greater funding is not just for the state’s benefit but also for the overall progress of the country. Karnataka has been constantly striving towards becoming a model state in terms of development and has the potential to contribute even more to the nation’s growth. However, without the necessary financial support from the central government, the state’s progress will be hindered, and this will have a ripple effect on the country’s growth as well.

It is heartening to see CM Siddaramaiah taking a proactive approach and raising his concerns with the central government. His efforts to bring attention to the state’s financial needs are commendable and should be supported by the central government. It is time for the central government to recognize the contributions of Karnataka and provide equal funding to the state, just like it does for other states.

In conclusion, CM Siddaramaiah’s appeal for greater funding for Karnataka is not just a demand for his state, but a call for equal distribution of resources and opportunities among all states. The central government must consider the state’s needs and provide adequate financial assistance to ensure its continuous progress. It is only with the support of the central government that Karnataka can reach its full potential and contribute towards the overall development of the nation.

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