Karnataka faces Rs 12,000cr shortfall, plans to cut borrowing, revise subsidies ...Middle East

Facing a 12,000 crore shortfall, Karnataka's govt is cutting down on borrowings. With nearly 90,000 crore spent on subsidies and guarantee schemes, the state’s finances are strained. The government is tapping into cash-rich state boards and corporations to fund development and is implementing inter-corporate deposit schemes to support energy sectors and joint ventures for IT services facilities.

Hence then, the article about karnataka faces rs 12 000cr shortfall plans to cut borrowing revise subsidies was published today ( Wednesday 30/10/2024 - 12:40 PM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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