CM Siddaramaiah lashes out at Nirmala Sitharaman over claims that Karnataka is no longer preferred by investors

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Published March 27, 2024 at 11:14am

Update March 27, 2024 at 11:15am

    Karnataka continues to be a favourite destination for FDI: Siddaramaiah

    Our policy is to empower people through a Universal Basic Income: Siddaramaiah

    Every paisa that is due to Karnataka, is given on time: Nirmala

Chief Minister of Karnataka Siddaramaiah lashed out at the Minister of Finance in India Nirmala Sitharaman over the latter’s alleged claims that Bengaluru’s stature as an investment hub was shrinking. “Smt Nirmala Sitharaman avare, Karnataka continues to be a favourite destination for FDI. As per GOI’s website (investindia.gov.in) “Top 5 States receiving highest FDI Equity Inflow during FY 2023-24 are Maharashtra (30%), Karnataka (22%), Gujarat (17%), Delhi (13%), and Tamil Nadu (5%).” On the other hand, look at the state of the FDI growth in India during the last 10 years. It is slowing down. It has come down to 6.6% per year during your 10 years compared to 27% during the 10 years of UPA. Madam, set your own house in order, before lecturing others on “Revdi.” If you are opposed to empowering women by giving than an annual cash transfer of 24,000 rupees per family and giving them free travel, that is your policy. Our policy is to stand with our people and empower them through a Universal Basic Income. You stand with Big Industry who give you Chanda through Electoral Bonds. We will stand with people,” Siddaramaiah stated on X. 


Earlier Nirmala Sitharaman had reject claims by the Karnataka Government that special grants were pending to Karnataka from the Central Government as per the recommendations of the 15th Finance Commission. “I want to make it a point to tell you in detail that every penny that is due to Karnataka, every paisa that is due to Karnataka, is given, and given on time,” Sitharaman stated during an address at the Thinkers Forum in Jayanagar.

CM Siddaramaiah lashes out at Nirmala Sitharaman over claims that Karnataka is no longer preferred by investors

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    Karnataka continues to be a favourite destination for FDI: Siddaramaiah

    Our policy is to empower people through a Universal Basic Income: Siddaramaiah

    Every paisa that is due to Karnataka, is given on time: Nirmala

Chief Minister of Karnataka Siddaramaiah lashed out at the Minister of Finance in India Nirmala Sitharaman over the latter’s alleged claims that Bengaluru’s stature as an investment hub was shrinking. “Smt Nirmala Sitharaman avare, Karnataka continues to be a favourite destination for FDI. As per GOI’s website (investindia.gov.in) “Top 5 States receiving highest FDI Equity Inflow during FY 2023-24 are Maharashtra (30%), Karnataka (22%), Gujarat (17%), Delhi (13%), and Tamil Nadu (5%).” On the other hand, look at the state of the FDI growth in India during the last 10 years. It is slowing down. It has come down to 6.6% per year during your 10 years compared to 27% during the 10 years of UPA. Madam, set your own house in order, before lecturing others on “Revdi.” If you are opposed to empowering women by giving than an annual cash transfer of 24,000 rupees per family and giving them free travel, that is your policy. Our policy is to stand with our people and empower them through a Universal Basic Income. You stand with Big Industry who give you Chanda through Electoral Bonds. We will stand with people,” Siddaramaiah stated on X. 


Earlier Nirmala Sitharaman had reject claims by the Karnataka Government that special grants were pending to Karnataka from the Central Government as per the recommendations of the 15th Finance Commission. “I want to make it a point to tell you in detail that every penny that is due to Karnataka, every paisa that is due to Karnataka, is given, and given on time,” Sitharaman stated during an address at the Thinkers Forum in Jayanagar.

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