Karnataka Finance Dept Warns CM of Cash Crunch Amid Drought

The Karnataka finance department has issued a warning to the chief minister about a looming cash crunch. The warning comes amid a severe drought that has hit the state's agricultural sector, reducing tax revenues and increasing the need for relief spending. The department noted that the state's funding strain is a result of lower income from taxes and higher outlays on drought mitigation and welfare schemes. It urged the chief minister to take immediate steps to secure additional funds and manage the state's finances prudently.