ON
← Back to feed
IndiaEconomy2 days ago

Budget brings little cheer to Kochi

The revised state budget for Kochi and the Ernakulam district includes limited new projects and minimal financial allocations. Key initiatives include developing manufacturing zones around Kochi Port and Vizhinjam, creating a jewellery manufacturing corridor in the Kochi–Thrissur region, and allocating funds for medical college modernization and infrastructure projects like the Goshree–Bolgatty Parallel Bridge. However, many proposed developments lack concrete budgetary support.

Pitching Bengaluru's contribution to the national economy, the Karnataka CM sought a special grant for the city's infrastructure. How the funds will be spent

When Karnataka’s new chief minister D.K. Shivakumar set out on his first official visit to Delhi on June 10, the topmost agenda—apart from pressing for urgent action on some long-pending irrigation projects—was a substantial financial grant for Bengaluru city.

Revamping Bengaluru, both in terms of a structural reset and new infrastructure, has been a pet theme for Shivakumar, who held the Bengaluru development portfolio for three years in the Siddaramaiah government before taking over as chief minister on June 3. One of his first decisions after taking charge was a proposed allocation of Rs 2,000 crore to fix Bengaluru’s potholed roads.

Shivakumar, who met Prime Minister Narendra Modi on June 11, has requested the Centre for a special grant of Rs 26,000 crore for the IT capital. “Bengaluru’s contribution to the national economy warrants special treatment to support infrastructure projects. Hence, it is requested to provide an assistance Rs 26,000 crore to strengthen infrastructure and sustain its global competitiveness,” Shivakumar said in his letter to Modi.

The other items on the Bengaluru wish-list pertained to mobility projects underway. For instance, Shivakumar has sought the Centre’s approval on the reworked plan for Phase 3 of the city’s metro rail. This 44.65-km-long fully-elevated stretch of Namma Metro proposes to connect the city’s western parts in a semicircular arc.

The plan was approved by the Union government in September 2024. But thereafter, the Congress government in Karnataka decided to recast the overhead stretch as a ‘double-decker’ structure by incorporating a road flyover into the design and offering to fully bear the additional cost of Rs 9,700 crore.

Besides, Karnataka has also asked the Centre to approve the Rs 25,999 crore Phase-3A of Namma Metro, which will connect Sarjapura in the southeast to Hebbal in the north through a 37.8-km-long corridor comprising both underground and elevated sections. The detailed project report for this was revised and submitted to the Union ministry of housing and urban affairs in April. Also on the list is the pending approval for the revised completion cost of Phase 2 of Namma Metro, covering 72 km. While it was approved by the Centre at Rs 26,405 crore, the final number is Rs 40,425 crore now, an escalation by more than 50 per cent.

Shivakumar has sought clearance for the Satellite Town Ring Road, which aims to connect the suburban towns around the city, and a proposed Regional Rapid Rail Transit System linking Bengaluru to Mysuru, Tumkuru, Chikkaballapura, Kolar and Kanakapura.

“Bengaluru, being the hub of India’s growth, should be given additional infrastructural grants to cope with the increasing demands due to higher migration from other states. Around 40 per cent of Bengaluru residents come from other states. Hence, a strong push for coping with its infrastructural upgradation requires central [government] assistance,” Shivakumar said in his address at the meeting of the governing council of NITI Aayog on June 11.

The chief minister said Karnataka has identified and started implementing infrastructure projects worth Rs 1 lakh crore in Bengaluru for improving mobility and making the city climate change-resilient. “We seek higher government of India support under the Urban Challenge Fund or otherwise in order to support these programmes [so that] Bengaluru retains its status as a global city,” he argued.

The Urban Challenge Fund, approved in February by the Union cabinet, entails central assistance of Rs 1 lakh crore for projects selected via a competitive ‘challenge mode’. Karnataka has submitted three proposals, amounting to Rs 13,549.6 crore. These include elevated corridors, new sewage treatment plants and two packages of the Bengaluru Business Corridor, an expressway project that aims to boost road connectivity and peripheral urban development in Bengaluru.

Subscribe to India Today Magazine

- Ends

Published By:

Shyam Balasubramanian

Published On:

Jun 16, 2026 17:04 IST

Read the full article at India Today
Source document: Revised State Budget

3 reports

The HinduIndependentCenter2 days ago
Budget brings little cheer to Kochi

The revised state budget for Kochi and the Ernakulam district includes limited new projects and minimal financial allocations. Key initiatives include developing manufacturing zones around Kochi Port and Vizhinjam, creating a jewellery manufacturing corridor in the Kochi–Thrissur region, and allocating funds for medical college modernization and infrastructure projects like the Goshree–Bolgatty Parallel Bridge. However, many proposed developments lack concrete budgetary support.

Bias read (Center): The article presents factual information about the budget without overtly favoring any political stance. It highlights both the limited funding and the proposed initiatives without using biased language or emphasizing one perspective over another.

Official sources cited

  • government Revised State Budget
The HinduIndependentCenter2 days ago
Dream projects feature high in Kerala’s Revised Budget; Satheesan announces Land Reforms 2.0, hike in rubber MSP

Chief Minister V.D. Satheesan announced several initiatives in Kerala's revised budget for 2026-27, including 'Land Reforms 2.0,' increased rubber minimum support price (MSP), and various developmental projects such as the Kerala Knowledge Valley, Southern Kerala Economic Corridor, and a Tribal University. The budget also includes enhancements to subsidies for fishers and proposals for infrastructure and educational developments.

Bias read (Center): The article presents policy announcements without overtly favoring any political ideology. It focuses on economic planning and development initiatives, using neutral language and avoiding explicit ideological framing. No clear bias toward progressive or conservative policies is evident.

Official sources cited

  • government Kerala Revised Budget 2026-27
India TodayIndependentCenter5 days ago
Why DK Shivakumar prodded Modi to bet Rs 26,000 cr on Bengaluru

Karnataka Chief Minister D.K. Shivakumar requested a special grant of Rs 26,000 crore from the central government during a meeting with Prime Minister Narendra Modi. The funds are intended to improve Bengaluru's infrastructure, including road repairs and mobility projects. Shivakumar emphasized Bengaluru's economic contributions and argued that the city requires special attention to maintain its global competitiveness.

Bias read (Center): The article presents factual information about the request made by Shivakumar without overtly favoring either the state or central government. It includes direct quotes from Shivakumar and outlines the rationale behind the funding request without editorializing or using biased language.

Official sources cited

  • government Letter from D.K. Shivakumar to PM Narendra Modi

Go to the primary sources (3)

The official sources this coverage is built on. Read them directly to bypass framing.

  • governmentRevised State Budget
  • governmentKerala Revised Budget 2026-27
  • governmentLetter from D.K. Shivakumar to PM Narendra Modi