Sources said the immediate need for Rs 15,000 crore would be met by selling 12,000 residential plots in the state capital. Sources said the immediate need for Rs 15,000 crore would be met by selling 12,000 residential plots in the state capital. When the Narendra Modi government released Rs 11,096 crore under the State Disaster Risk Management Fund last month to combat the virus, Karnataka was given only Rs 396 crore. The well-intentioned land auction may look like the age-old sale of family silver, the Karnataka government would not say. “If we manage to raise Rs 15,000 crore, we can handle the situation for some time.

Source: The Telegraph April 14, 2020 22:07 UTC