Bengaluru, June 24 -- Prominent entrepreneur and former Infosys CFO T.V. Mohandas Pai on Monday expressed deep concern over the state of Karnataka's economy, alleging that the Congress-led government's focus on welfare guarantees has crippled development and job creation. Taking to social media, Pai said, "Very sad to see the disastrous impact of freebies by our CM of Karnataka Siddaramaiah. Even the Home Minister says so - no money for development, investments, or job creation." He pointed out that three state budgets have already been presented under the current Congress regime, yet there is no visible allocation for long-term growth or infrastructure. "Three budgets are over, no money for development. Two more to go. So by five years wha...