In the midst of the COVID-19 crisis, the Karnataka cabinet approved the improvement of the state reserve fund
Bengaluru:
The Karnataka cabinet today approved the “Karnataka Reserve Fund Bill (Amendment), 2020”, aimed at increasing the reserve fund limit to 500 crore rupees following the COVID-19 pandemic.
The order will be a one-time improvement to the limit because the government needs money to make payments immediately, Minister of Legislative and Parliamentary Affairs JC Madhuswamy told reporters after a cabinet meeting.
Within the framework of the reserve fund, the government had the possibility of spending up to Rs 80 crore without budgetary provision.
“… but this time because of COVID-19 because we had to give money to certain distressed sections like barbers, flower and vegetable producers, taxi drivers, among others, we decided to increase the limit to Rs 500 crore, “said Madhuswamy.
“As the assembly was not in session and we had to pay those in distress immediately, this decision was made,” he added.
The cabinet ratified today the administrative approval given to carry out civil and electrical work for the installation of a medical gas pipeline with a high flow oxygen system in district hospitals, taluk and health centers. under the Ministry of Health and Family Welfare for COVID-19.
The minister said about Rs 207 crore is being approved for this purpose.
It also ratified the purchase of medical equipment and furniture for public health establishments in the Department of Health and Family Welfare worth 81.99 crore rupees.
According to the minister, the cabinet has decided to amend section 9 of the Lokayukta law, which provides that the preliminary inquiry envisaged by Lokayukta or Upalokayuta should be completed within 90 days and that the statement of the chiefs The charge is expected to be completed within six months.
Noting that at the close of the Committee on Agricultural Products Markets (APMC), he declared that the government having presented an amendment to the APMC law, there was a request to reduce the closure of the market. “So we reduced it from 1.5% to 1%”.
The firm also agreed to place Karnataka Vidyuth Kharkane (KAVIKA) and Mysore Electrical Industries (MEI), which are currently under the control of the Commerce and Industries department, under the administrative control of the Energy department.
Other decisions taken by the Cabibinet include the deployment and implementation of the “e-procurement 2.0” project on PPP at a cost of Rs 184.37 crore and the ratification of the measures taken on March 24 to release an interest-free loan from Rs 2,500 crore to ESCOMs for the payment of electricity purchase fees to producing companies.
The cabinet also gave administrative approval to the creation of an Indian Information Technology Institute in Raichur.
“As part of this, we are committed to providing Rs 44.8 crore in four years for infrastructure,” added the minister.
(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)
