States PCS: Karnataka GK for KPSC and other Karnataka State Exams

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In India, Karnataka ranks first in the production of coffee. The state produces two types of coffee named Coffee Robusta and Coffee Arabica. Karnataka’s famous plantation and beverage crop is Coffee.

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The Bank of Bombay which was founded in 1840 and The Bank of Madras founded in 1843 opened their branch offices at Dharwad in the year 1863 and at Bangalore Cantonment in 1864 respectively.

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In Karnataka, the first Urban Co-operative Credit Society was organised at Betageri in the year 1905 [Gadag district]. The Swadeshi Movement of 1905 had inspired many social workers and local leaders to start co-operatives so as to cater to their local needs.

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The Institute of Co-operative Management was founded in Bangalore in the year 1962 after recognizing the prominent position of Karnataka in the co-operative sector.

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The Mahatma Gandhi Hydro-Electric Station is operational since the year 1948 on the Sharavati near Jog Falls. It is one of the largest Hydro-Electric Station in India.

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Ponda Fort was built in 1546. It was built by Muslim forces of Adil Shah. Ponda Fort is located near Ponda, in the state of Goa. It is on the west coast of India. The present structure is a modern reconstruction on this location and converted into a park. e Indian government took control of the fort after 1961, and renovated it into a park in 1977. The original structure was constructed of stone and mud, and left bare while the new structure contains stone, concrete and is plastered and painted red.

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St. Mary’s Islands is also known as the Coconut Island and Thonsepar. They are a set of four small islands located in the Arabian Sea just off the coast of Malpe in Udupi district, Karnataka. These islands are known for their distinctive geological formation of columnar rhyolitic lava. The  Columnar rhyolite Lava here forms one of the four geological monuments in the state of Karnataka and one of the 34 National Geological Monuments of India as declared by the Geological Survey of India in the year 2016 for their maintenance, protection, enhancement and promotion of geo tourism. This monument is also considered to be an important site for “Geo Tourism”.

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As per 2018-19 data, Karnataka shares 17.80% of India’s exports. The contribution of industry and manufacturing sector to Gross State Domestic Product (GSDP) stood at 22.01%and 14.46 per% during 2018-19 respectively. The State recorded INR 6,51,983 crore worth of exports in 2018-19, constituting 17.80 % of the country’s export and the largest contributing sectors were software exports followed by engineering products, petroleum products, readymade, basic chemicals and pharmaceuticals.

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The Karnataka government started Innovate Karnataka Programme to bring development and technology in the state. It is headed by the Department of Innovation and Technology. The scheme was launched by Siddaramaiah government in 2018.
Under Innovate Karnataka initiative, Government provides financial support equivalent to Rs.300 crore in the form of grant/equity through its various funds KARSEMVEN Fund; KITVEN Fund; Startup Fund of Funds; IDEA2POC Fund; AVGC Venture Fund Bio Fund to startups; micro and small enterprises in information technology, bio-technology and other manufacturing sectors in the next four years Government has set up world class incubation centers and have established labs and common instrumentation facilities.

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In 2021-22, SGST of the state of Karnataka is estimated to be Rs 45,947 crore. This is the largest source of Karnataka’s own tax revenue (41%). Over the actual SGST revenue in 2019-20, SGST is estimated to increase at an annual rate of 4%. In the year 2020-21, the SGST is estimated to be 20% less than the budget estimate.