Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, highlighted concerns over the impact of Congress guarantee schemes on Karnataka’s economy. He expressed that these schemes have led to financial distress in the state and others. Kumaraswamy emphasized the need to scrutinize the government’s funding methods, especially regarding the allocation of Rs 2,000 to women.
Referring to Sri Lanka’s economic crisis, Kumaraswamy warned of a similar fate for Karnataka due to economic mismanagement. He criticized the government’s heavy borrowing to support these schemes, revealing a staggering debt of Rs 7.26 lakh crore. This debt burden, he stated, amounts to at least Rs 1 lakh per person in the state.
Challenging the state government to a debate, Kumaraswamy accused the guarantee schemes of depleting the state treasury. He raised concerns about delayed salary payments to employees, citing a similar financial strain in Himachal Pradesh. The minister questioned the practicality of providing Rs 2,000 to women, highlighting the impact of rising prices and taxes on household incomes.
During his visit, Kumaraswamy participated in various temple-related events, emphasizing the spiritual significance of these ceremonies. He inaugurated temples in different villages and stressed the importance of these religious sites in fostering peace and devotion.
