US extends sanctions waiver for Russian oil already at sea, 23-yr-old elected youngest Indian-origin mayor of British town, Elections to 17 seats of Maharashtra legislative council on June 18, Oil companies now making losses of Rs 750 crores a day, down from Rs 1000 crores earlier: MoPNG,

FM hits out at Karnataka govt for high inflation, poor law & order

Union Finance Minister Nirmala Sitharaman on Sunday said that high inflation and poor law and order in Karnataka are the contributions of the Congress government. Responding to Karnataka Chief Minister Siddaramaiah’s statement that injustice was meted out to the state by the Centre, Sitharaman said the state’s economy worsened mainly due to the hike in prices of fuel, milk and stamp duty as well as poor capital expenditure. “The contribution of the state government is high inflation, much higher than the national average. And how I am saying that? Inflation between June 2023 and June 2024 the national average was 5.4 per cent. Karnataka is at 6.1 per cent,” Sitharaman, who is a Rajya Sabha member from Karnataka, told reporters in Bengaluru.

Sitharaman continued, "Industries are leaving, and I do not want to name those companies. As law and order worsens, industries are more scared to stay and want to leave." "SC/ST funds are being syphoned off, and the blame is placed on everyone else. Under this administration, Karnataka, which was once healthy, revenue surplus, and spending on capital expenditure, attracting investments, is now driving investments away," Sitharaman criticised the Siddaramaiah government.

(State Correspondent)


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