Kerala Budget 2023-24: Govt to allocate ₹1,000 crore for ’Make in Kerala’
1 year, 10 months ago

Kerala Budget 2023-24: Govt to allocate ₹1,000 crore for ’Make in Kerala’

Live Mint  

Kerala Finance Minister KN Balagopal on 3 February presented the state Budget for fiscal 2023-24 in the State Assembly and allocated ₹1,000 crore for 'Make in Kerala'. Under 'Make in Kerala', the minister said that facilities and infrastructure will be developed to increase domestic production, as well as employment, entrepreneur, investment opportunities in Kerala. According to the report, Kerala imported products worth around ₹1,28,000 crore in 2021-2022, of which 92 per cent was from other states. Analysing productivity, expenditure towards wages and profit, measures were being taken to identify products that could be produced in Kerala and support them, the minister added.

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History of this topic

Year of Enterprises campaign clocks 3 lakh units, ₹18,943 crore in investments
2 months, 4 weeks ago

Year of Enterprises campaign clocks 3 lakh units, ₹18,943 crore in investments

The Hindu  

The ‘Year of Enterprises’ campaign, initially launched under an initiative of the Department of Industries and Commerce under the Kerala government to facilitate registration of one lakh new enterprises in the State during 2022-23 is into its third year. Industries Minister P. Rajeeve said in a social media post that around one lakh of the new enterprises came up in …

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister
5 months ago

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister

The Hindu  

Kerala Finance Minister K. N. Balagopal on July 23 slammed the 2024-25 Union Budget, calling it a “gimmick” and a “political exercise” solely intended to protect the interests of the BJP-led NDA government. “While the BJP opened its account in Kerala, Kerala’s account has been closed,” Mr. Balagopal remarked, in an apparent reference to the BJP candidate Suresh Gopi’s win …

Kerala Govt to Implement Projects Worth Rs 13,013 crore in 100 Days: CM Vijayan
5 months, 1 week ago

Kerala Govt to Implement Projects Worth Rs 13,013 crore in 100 Days: CM Vijayan

Deccan Chronicle  

Thiruvananthapuram: The Left Democratic Front government in Kerala will implement development projects worth Rs 13,013.40 crore in 100 days as part of its third anniversary, Chief Minister Pinarayi Vijayan announced on Tuesday. A total of 1,070 projects under 47 departments have been included in the latest 100-day initiative, Vijayan said in a statement. The fourth edition of the 100-day programme, …

Kerala startup ecosystem registers 254 per cent growth: Study
6 months, 1 week ago

Kerala startup ecosystem registers 254 per cent growth: Study

New Indian Express  

KOCHI: According to The Global Startup Ecosystem Report 2024 released by a leading development organisation, the value of Kerala’s startup ecosystem has shown a compound growth of 254% between July 1, 2021, to December 31, 2023, compared to the July 1, 2019, -December 31, 2021, period. The extensive analysis is done with data from 4.5 million startups across 300 global …

Kerala's revenue soars to Rs 77,000 cr
7 months ago

Kerala's revenue soars to Rs 77,000 cr

Deccan Chronicle  

“We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24,” Balagopal said. “Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies.” The minister also noted that the state government …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months ago

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’

Hindustan Times  

Tamil Nadu finance minister Thangam Thennrasu on Monday presented the state budget for 2024-25 announcing a total outlay of ₹3.48 lakh crore, along with a revenue deficit of over ₹49,000 crore as the government promised an increased focus on infrastructure and expanding welfare schemes encompassing “seven Tamil dreams” with no new populist announcement, aiming at fiscal prudence. The alleged “inordinate …

Kerala budget: Banking on infra, tourism and tech
10 months, 2 weeks ago

Kerala budget: Banking on infra, tourism and tech

New Indian Express  

KERALA: Finance Minister KN Balagopal’s budget speech has focussed on the troika of infrastructure, tourism and technology to make Kerala a “sunrise economy”. While K-Rail can address the need for high-speed rail connectivity, the two light metro systems will reduce traffic bottlenecks in two of Kerala’s largest cities, improving the quality of life and attracting business investments. However, the FM …

Kerala’s public debt comes down to ₹2.38 lakh crore
10 months, 3 weeks ago

Kerala’s public debt comes down to ₹2.38 lakh crore

The Hindu  

Amid the financial strains that put the Kerala government in a fix making it difficult for it to meet its fiscal obligations efficiently, a document tabled by Finance Minister K.N. Balagopal in the Assembly on Tuesday revealed that the State’s public debt has come down to ₹2.38 lakh crore at the end of March 2022-2023. As per the accounts of …

Modinomics And Rising India
11 months, 3 weeks ago

Modinomics And Rising India

News 18  

The International Monetary Fund recently called India a star performer, with India projected to contribute 16 per cent to global growth. The October 2023 IIP data also showed that the output of primary goods logged an 11.4 per cent growth compared to 2.1 per cent in the year-ago period. Speaking of India’s GDP, real GDP or GDP at constant prices …

Industrial investments: The Kerala story
1 year, 6 months ago

Industrial investments: The Kerala story

The Hindu  

The incongruence between Kerala’s social and economic development has been a part of discourses on development trajectories. A combination of right policies, institutional support and the ramping up of necessary infrastructure could mark the beginning of a new Kerala story — that of a State pursuing late industrialisation. Analysis of data published by the Annual Survey of Industries for the …

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings
1 year, 9 months ago

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings

The Hindu  

The Assam government on March 16 presented a ₹ 3.22 lakh crore Budget for the 2023-24 financial year, announcing funds for promoting micro-entrepreneurship and 40,000 fresh recruitments in various Departments. Presenting the Budget in the Assembly, Finance Minister Ajanta Neog said the government will invest ₹5,000 crore over the next three years to “transform” more than two lakh unemployed youths …

Kerala Budget | Agriculture sector gets ₹971.71 crore
1 year, 10 months ago

Kerala Budget | Agriculture sector gets ₹971.71 crore

The Hindu  

The 2023-24 State Budget has earmarked ₹971.71 crore for the agriculture sector and also enhanced the support price for coconut from ₹32 to ₹34 per kg. Major allocations include ₹93.45 crore for the comprehensive vegetable cultivation programme, ₹68.95 crore for coconut development schemes, and ₹25 crore for procurement of coconut seed nut and production and distribution of coconut seedlings through …

Small industries welcome Budget; Make in Kerala programme to boost SMEs
1 year, 10 months ago

Small industries welcome Budget; Make in Kerala programme to boost SMEs

The Hindu  

The State Budget for 2023-24 has given a central place to the development of micro, small and medium-scale industries and programmes such as Make in Kerala, development of multi-storey industrial estates, renovation of existing industrial estates, and rather generous support for launching new enterprises. Jose welcomed the Budget setting aside ₹212.70 crore out of a total allocation of ₹1,259.66 crore …

Kerala Budget announces tax hikes, social security cess on fuel and liquor
1 year, 10 months ago

Kerala Budget announces tax hikes, social security cess on fuel and liquor

The Hindu  

Balagopal on Friday announced a string of tax increases and new cesses aimed at mopping up additional revenue in his Budget for the 2023-24 fiscal, even as the measures drew sharp criticism for burdening taxpayers at one fell swoop. The Budget also earmarked ₹2000 crore for tackling inflation and ₹100 crore for a ‘Make in Kerala’ programme intended to promote …

Explained | Kerala’s mounting public debt
2 years, 4 months ago

Explained | Kerala’s mounting public debt

The Hindu  

The story so far: Over the past few months, Kerala’s mounting debt liabilities have been brought into sharp focus with the Reserve Bank of India, the Comptroller and Auditor General, and the opposition Congress-led United Democratic Front flagging the issue. Kerala Infrastructure Investment Fund Board A body corporate constituted by the Government of Kerala to mobilise financial resources outside of …

Spending Rs 1300 lakh to generate a job! Why Silverline project is not a good idea for Kerala
2 years, 8 months ago

Spending Rs 1300 lakh to generate a job! Why Silverline project is not a good idea for Kerala

New Indian Express  

The capital cost of the proposed project, as per the DPR prepared by a foreign consultancy agency, is Rs 65,000 crores, equal to 50% of the government’s total budget expenditure in 2019-20. Going by the former, the capital cost of Silverline will end up at Rs 2.47 lakh crore as per the DPR and at Rs 4.79 lakh crore as …

Kerala Budget: Impetus for value addition in agri sector
2 years, 9 months ago

Kerala Budget: Impetus for value addition in agri sector

The Hindu  

Value-addition featured as the overarching theme for the Agriculture sector in the 2022-23 Budget presented by Finance Minister K. N. Balagopal on Friday. Mr. Balagopal announced plans for a new Value Added Agriculture Mission and a company with a capital of ₹100 crore modelled on the Cochin International Airport Ltd for marketing value-added products from the farm sector. The CIAL-model …

Kerala Budget 2022: Silverline project gets 2000 crore, big allocations to education sector
2 years, 9 months ago

Kerala Budget 2022: Silverline project gets 2000 crore, big allocations to education sector

India Today  

Kerala Finance minister KN Balagopal presented the state’s first paperless annual budget on Friday. An amount of Rs 2,000 crore has been set aside in the budget 2022-23 for land acquisition for the Kerala government’s Silverline project. The project is currently in its initial stages with land being demarcated across the state for acquisition.The budget allocation has now made it …

‘Successful use of humanity, reliance on reasoning and public discussion’, key assets that will help Kerala as it looks ahead: Amartya Sen
3 years, 10 months ago

‘Successful use of humanity, reliance on reasoning and public discussion’, key assets that will help Kerala as it looks ahead: Amartya Sen

The Hindu  

If it is to pursue the future with the same success and more than in the past, Kerala needs to continue its reliance on humanity, reasoning and public discussion, central assets that the State will have use for in the days ahead, Amartya Sen, Nobel Laureate and University Professor, Harvard University, said. Addressing the concluding session of the online international …

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