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Highlights of Kerala budget 2020

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

[Source: www.thehindu.com]

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