Karnataka Approves Revised Rs 181.2 Billion BBMP Budget for FY26
ECONOMY & POLICY

Karnataka Approves Revised Rs 181.2 Billion BBMP Budget for FY26

The Karnataka government has approved a revised budget of Rs 181.2 billion for the Bruhat Bengaluru Mahanagara Palike (BBMP) for FY 2025–26, reducing the original proposal by Rs 18.06 billion. The initial budget of Rs 199.27 billion, presented on March 29, was revised by the Urban Development Department (UDD) to align with financial limits set under the BBMP (Financial Responsibility and Budget Management) Act, 2021.

The revised budget focuses on core needs, improved revenue collection, tax base expansion, and anticipated government grants. It also factors in World Bank support, a new advertisement policy, and premium Floor Area Ratio (FAR) revenue strategies.

Key changes include an increase in the discretionary fund for the Bengaluru in-charge minister from Rs 1.35 billion to Rs 2.24 billion. The grant for the Bengaluru Solid Waste Management Company has been raised from Rs 4.86 billion to Rs 5.86 billion, supporting lake restoration, stormwater drain work, and sewage treatment.

Other allocations include Rs 500 million each for Kempegowda Development Authority construction projects, outreach and grievance redressal programs, and media promotions. Additionally, Rs 250 million is set aside for public events, and Rs 100 million has been earmarked for medical relief.

(bangaloremirror.indiatimes)

                                                                                                                                              

The Karnataka government has approved a revised budget of Rs 181.2 billion for the Bruhat Bengaluru Mahanagara Palike (BBMP) for FY 2025–26, reducing the original proposal by Rs 18.06 billion. The initial budget of Rs 199.27 billion, presented on March 29, was revised by the Urban Development Department (UDD) to align with financial limits set under the BBMP (Financial Responsibility and Budget Management) Act, 2021.The revised budget focuses on core needs, improved revenue collection, tax base expansion, and anticipated government grants. It also factors in World Bank support, a new advertisement policy, and premium Floor Area Ratio (FAR) revenue strategies.Key changes include an increase in the discretionary fund for the Bengaluru in-charge minister from Rs 1.35 billion to Rs 2.24 billion. The grant for the Bengaluru Solid Waste Management Company has been raised from Rs 4.86 billion to Rs 5.86 billion, supporting lake restoration, stormwater drain work, and sewage treatment.Other allocations include Rs 500 million each for Kempegowda Development Authority construction projects, outreach and grievance redressal programs, and media promotions. Additionally, Rs 250 million is set aside for public events, and Rs 100 million has been earmarked for medical relief.(bangaloremirror.indiatimes)                                                                                                                                              

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?