Adani Enterp. 2579.70↓-54.00(-2.05%)
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Coal India 240.10↑0.80(0.33%)
Divi's Lab. 3358.00↓-27.80(-0.82%)
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HCL Technologies 1108.00↑0.65(0.06%)
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Infosys 1303.25↑3.20(0.25%)
ITC 432.65↑3.50(0.82%)
JSW Steel 704.55↑0.45(0.06%)
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Reliance Industr 2453.90↓-0.65(-0.03%)
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St Bk of India 583.40↑1.80(0.31%)
Sun Pharma.Inds. 941.95↑10.35(1.11%)
Tata Consumer 773.75↑3.70(0.48%)
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Tata Steel 105.45↓-0.15(-0.14%)
TCS 3308.75↑11.70(0.35%)
Tech Mahindra 1097.15↑6.65(0.61%)
Titan Company 2708.40↑24.95(0.93%)
UltraTech Cem. 7679.95↑25.70(0.34%)
UPL 680.50↓-0.15(-0.02%)
Wipro 397.55↓-0.10(-0.03%)

Karnataka does not survive on the Centre's largesse: MV Rajeev Gowda

"Karnataka's finances are much healthier than the Union government's, which is indebted to nearly twice the extent of the state"

Archis Mohan

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M V Rajeev Gowda

4 min read Last Updated : May 23 2023 | 7:24 PM IST

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Former Member of Parliament and Congress Research Department Chairman M V RAJEEV GOWDA tells Archis Mohan that the Congress party’s ‘five guarantees’ in Karnataka will help families offset the effects of inflation and income stagnation, especially those outside Bengaluru. He says the money transferred to families will re-circulate in the economy, increasing consumption-driven growth due to multiplier effects. Edited excerpts:

Why the five guarantees?

The five guarantees address widespread distress due to inflation, unemployment, and stagnant incomes. The price of every basic necessity has increased manifold under the Narendra Modi government. Households are unable to afford basic necessities. Women are significantly affected since they often manage household finances.