{"id":206556,"date":"2025-01-02T19:16:19","date_gmt":"2025-01-02T19:16:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/02\/karnataka-cabinet-allows-kiadb-to-raise-rs-5000-cr-to-develop-industrial-areas\/"},"modified":"2025-01-02T19:16:19","modified_gmt":"2025-01-02T19:16:19","slug":"karnataka-cabinet-allows-kiadb-to-raise-rs-5000-cr-to-develop-industrial-areas","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/02\/karnataka-cabinet-allows-kiadb-to-raise-rs-5000-cr-to-develop-industrial-areas\/","title":{"rendered":"Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"513\" height=\"50\" src=\"https:\/\/i1.wp.com\/img.etimg.com\/thumb\/width-513,height-50,msid-115075348\/growfast.jpg?resize=513,50&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas\" title=\"Karnataka: Cabinet allows KIADB to raise Rs 5000 Cr to develop industrial areas\" \/><\/div><p> <br \/>\n<\/p>\n<div data-brcount=\"12\">The State Cabinet on Thursday decided to raise the debt cap on <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/karnataka-industrial-areas-development-board\" target=\"_blank\" rel=\"noopener\">Karnataka Industrial Areas Development Board<\/a> (KIADB) from the present Rs 500 crore to Rs 5000 crore to enable it to borrow more from banks and financial institutions.<\/p>\n<p><style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<\/p>\n<div class=\"crypto onDemand\" data-ga-impression=\"On Demand CTA articleshow#Impressions | On Demand CTA | Articleshow#\" id=\"sr_widget\">\n<div class=\"live live_stock\">\n<p>ET Year-end Special Reads<\/p>\n<\/div>\n<\/div>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:1-->The Cabinet, chaired by Chief Minister Siddaramaiah, allowed the KIADB to raise Rs 5000 crore in debt and decided to extend the state guarantee to the loan. In return for the guarantee, the Cabinet decided to levy a 1% commission on KIADB.<\/p>\n<p>The KIADB, which functions under the Industries department, is acquiring 28,741 acres of land in different parts of Karnataka to develop 24 industrial estates. The land acquisition is estimated to cost Rs 26,505 crore and the KIADB has estimated it would require another Rs 5875 crore for developing the estates. Both together would cost Rs 32,380 crore. The KIADB would need about Rs 2000 crore to meet these commitments, according to an official statement.<\/p>\n<p>The Cabinet also decided to impose certain conditions on KIADB to ensure it does not get ensnared in the event of a default. The Cabinet decided that the KIADB must plan repayment of loans in such a way that lending institutions would not have to invoke the government guarantee. 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WordPress Website Development<\/p>\n<p class=\"author_name\">By &#8211; Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis\" title=\"Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis\" href=\"https:\/\/growfast.indiatimes.com\/courses\/google-sheets-expert-master-data-analysis-and-optimization\/1460?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1460_cover_image_1729503824_88892.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Office Productivity<\/p>\n<p class=\"course_name\">Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Mastering Full Stack Development: From Frontend to Backend Excellence\" title=\"Mastering Full Stack Development: From Frontend to Backend Excellence\" href=\"https:\/\/growfast.indiatimes.com\/courses\/mastering-full-stack-development-from-frontend-to-backend-excellence\/1265?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1265_cover_image_1725359616_64248.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"Mastering Full Stack Development: From Frontend to Backend Excellence\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Web Development<\/p>\n<p class=\"course_name\">Mastering Full Stack Development: From Frontend to Backend Excellence<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#Financial Literacy i.e Lets Crack the Billionaire Code\" title=\"Financial Literacy i.e Lets Crack the Billionaire Code\" href=\"https:\/\/growfast.indiatimes.com\/courses\/financial-literacy-tds-budget-income-tax-act-gst-indirect-tax\/1267?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1267_cover_image_1725618357_51152.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"Financial Literacy i.e Lets Crack the Billionaire Code\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1725869150_1725869150_51405.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Finance<\/p>\n<p class=\"course_name\">Financial Literacy i.e Lets Crack the Billionaire Code<\/p>\n<p class=\"author_name\">By &#8211; CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<li><a data-ga-onclick=\"GrowFast_Web#Click#SQL Server Bootcamp 2024: Transform from Beginner to Pro\" title=\"SQL Server Bootcamp 2024: Transform from Beginner to Pro\" href=\"https:\/\/growfast.indiatimes.com\/courses\/sql-server-bootcamp-2024-transform-from-beginner-to-pro\/1472?ag=ET_Web\">\n<div class=\"images_wrap\"><img decoding=\"async\" class=\"cover_img\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/1472_cover_image_1729836367_24475.jpg\" loading=\"lazy\" height=\"80\" width=\"300\" alt=\"SQL Server Bootcamp 2024: Transform from Beginner to Pro\"\/><img decoding=\"async\" class=\"author_img\" loading=\"lazy\" height=\"56\" width=\"56\" alt=\"\" src=\"https:\/\/img.etb2bimg.com\/files\/retail_files\/expert_picture_1723545629_1723545629_26628.jpg\"\/><\/div>\n<div class=\"details\">\n<p class=\"category\">Data Science<\/p>\n<p class=\"course_name\">SQL Server Bootcamp 2024: Transform from Beginner to Pro<\/p>\n<p class=\"author_name\">By &#8211; Metla Sudha Sekhar, IT Specialist and Developer<\/p>\n<p><button class=\"view\">View Program <span\/><\/button><\/div>\n<p><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:1--><br \/>The Cabinet also decided to allow the four state-owned transport utilities including KSRTC and BMTC to borrow Rs 2000 crore from banks and financial institutions to clear their employee provident fund and fuel dues. The government decided to extend the guarantee for the debt. The Cabinet also allowed the four transport utilities to raise bus fares by 15%. The government defended the raise saying that the fuel and staff costs have gone up significantly since the last fare revision on Jan 10, 2015.<\/p>\n<style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/karnataka-cabinet-allows-kiadb-to-raise-rs-5000-cr-to-develop-industrial-areas\/articleshow\/116894277.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Cabinet on Thursday decided to raise the debt cap on Karnataka Industrial Areas Development Board (KIADB) from the present Rs 500 crore to Rs 5000 crore to enable it to borrow more from banks and financial institutions. ET Year-end Special Reads The Cabinet, chaired by Chief Minister Siddaramaiah, allowed the KIADB to raise [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":206557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/thumb\/width-513,height-50,msid-115075348\/growfast.jpg","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[6271,162812,5099,3839,6628,162809,5265,162810,162813,162807,162816,162811,162817,162808,162814,4605,162815],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/206556"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=206556"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/206556\/revisions"}],"predecessor-version":[{"id":206558,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/206556\/revisions\/206558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/206557"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=206556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=206556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=206556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}