Here are the key points from Finance Minister T.M. Thomas Issac’s budget presentation at the Kerala Assembly
Finance Minister T.M. Thomas Isaac presented the 2020-21 budget of the Pinarayi Vijayan led-LDF government on Friday.
Here are the key points from the Minister’s budget presentation at the Kerala Assembly on Friday.
Budget proposes a tax hike of 2% on new two wheelers above Rs 2 lakhs and cars above Rs 15 lakhs
12-point package to improve GST collection
Fair price of land hiked by 10%, hike goes up to 30% for land near big projects
Outlay for local bodies peged at Rs 12,724 crore
Rs 2,000 crore for Life Mission to provide housing for the needy
Rs 4,384 allocation for water supply projects
Welfare pensions hiked by Rs 100
Rs 1,000 crore set aside for construction and improvement of rural roads
Rs 1,000 crore for coastal development package
2.5 lakh water connections for houses in 2020- 21
1,00,000 houses to be constructed
500 MW of power to be generated
Rs 900 crore set aside for welfare of non-resident Malayalis
Rs 40 crore outlay for royalty to paddy farmers
IT workforce in Kerala to go up from one lakh to 1,85,000
Package for start-ups: Loan without collateral security for start-ups executing government orders, up to Rs 1 crore assistance for development of prototypes, stamp duty rationalisation
Ban on sale of filament bulbs, CFL from November 2020
585 km west coast canal from Bekal to Kovalam to be commissioned in 2020
Rs 6,000 crore construction works to be taken up in Kochi
Kochi Metro to implement Integrated Water Transport Project
To boost tourism sector, Rs 20 crore outlay for boat league. Muziris heritage project to be commissioned in 2020, 12 museums in Alappuzha to receive a facelift, and spice-route and Malabar tourism to be promoted.
Kerala State Drugs and Pharmaceuticals to begin production of anti-cancer drugs and drugs for post-organ transplant. An Oncology Park to be set up.
25,000 ponds to be cleaned and septage treatment plants to be established under Clean Kerala project
Rain shelters to be installed for horticulture promotion. One crore fruit trees to be planted, and a Uber-type aggregator service for vegetable and fruit distribution
1,000 fair price hotels to be set up by the Kudumbasree Mission to provide lunch at Rs 25 per plate
Rs 600 crore outlay for Kudumbasree Mission
Rs 2,000 crore set aside for Wayanad package/bamboo and tree planting drive for carbon sequestration, value addition of crops
Rs 1,000 crore for Idukki package/spice park and organic farming initiatives. An airstrip to be constructed in Idukki.
Rs 2,400 crore set aside for Kuttanad package
1,000 new teacher posts to be created in Higher Education sector
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