• Source:PTI
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Karnataka Chief Minister Siddaramaiah responding to Opposition’s scathing comments on the economic policies of his government said that Karnataka government believes in ''good economics'', which means taxing the rich in accordance with the law and spending the money on the poor for their upliftment.   

CM Siddaramaiah while replying to the motion of thanks to the Governor's address to the joint sitting of the Karnataka Legislature, defended his government’s social welfare schemes and said that the Congress government in Karnataka aims to uplift the socially and economically backwards sections of the society. 

CM Siddaramaiah stated that with the help of five guarantees the Congress government has worked towards strengthening the poor and downtrodden people in the state. "This is good economics. This is the economics of self-respect... We have spent ₹36,000 crore for five guarantees and I have set aside about ₹52,000 crore in the budget for the next year," he said.

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The chief minister emphasised that his government is working towards protecting the Constitution and making Karnataka "Sarva Janangada Shantiya Tota" (the peaceful garden of all communities). He also alleged that the BJP believes in "Manuwad" (the ethos of a society governed by Manusmriti) and not the Indian Constitution. 

Meanwhile, the Opposition claimed that no development work has taken place in nine months of Congress government in the state. BJP and JD(S) staged a walkout alleging that the Chief Minister was making a political speech in view of the upcoming 2024 Lok Sabha elections, instead of replying to the issue. 

Leader of Opposition R Ashoka and former Chief Minister Basvaraj Bommmai took a swipe at Siddaramaiah, saying the Chief Minister should take “Siddanomics’’ as a compliment and consider it as a brand given to his economics. 

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Replying to the Opposition's swipe CM defended his government’s policies and said that the BJP-led NDA government at the Centre is "anti-poor, anti-farmer, anti-backward class, anti-women, anti-minorities and anti-labourers".

"I believe in good economics. I present (the budget) under good economics. Our economics is taxing the rich in accordance with law and spending it on the poor. That's what we have done," CM Siddaramaiah said.

(With PTI Inputs)