No populist measure as Kerala budget focusses on infra push
1 month, 2 weeks ago

No populist measure as Kerala budget focusses on infra push

Hindustan Times  

Kerala finance minister KN Balagopal presented the financial outlay of the state for FY 2025-26 on Friday, seeking to mop up revenue mobilising measures through tax hikes on land and vehicles, push the accelerator on building infrastructure and steering clear of populist measures ahead of local body elections this year and the assembly polls next year. In an address that lasted over two-and-a-half hours, Balagopal, presenting the last full budget of the second Pinarayi Vijayan-led LDF government, painted the picture of a state that has “overcome the trying times of severe fiscal constraints” and attributed the failure to pay DA arrears to state government employees and pensioners in the past to the curtailment of the state’s borrowing limits and the reduction in the divisible pool of taxes. Yet, despite the claimed improvement in the fiscal health, the finance minister shied away from increasing the social welfare pensions, currently disbursed to around 6 million people, and constituting a wage revision committee for the state government employees despite being an election year. In his address, the finance minister claimed that over the years the administration has been able to reduce fiscal deficit and debt burden “despite facing major setbacks in in terms of allocation of grants and tax share from the Union government.” “We are sustaining now by augmenting own tax revenue, avoiding unnecessary expenses and prioritising other expenses.

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Punjab Budget 2025: Total expenditure of ₹2.36 lakh crore, state's first ‘drug census’ | Key announcements
Trending News
2 days, 1 hour ago

Punjab Budget 2025: Total expenditure of ₹2.36 lakh crore, state's first ‘drug census’ | Key announcements

Hindustan Times  

Punjab Budget 2025: Punjab finance minister Harpal Singh Cheema on Wednesday presented the state budget for 2025-26 in the assembly, making it the Aam Aadmi Party government's third budget after coming to power in the region in 2022. Punjab finance minister Harpal Singh Cheema presented the budget as chief minister Bhagwant Mann looked on in the Vidhan Sabha in Chandigarh. …

Kerala Finance Bill, 2025, passed without major revisions
2 days, 19 hours ago

Kerala Finance Bill, 2025, passed without major revisions

The Hindu  

The Kerala Finance Bill, 2025, which gives effect to the financial proposals of the State government for the 2025-26 fiscal, was passed by the Assembly on Tuesday without any major revisions. In their dissent notes to the Bill, the Opposition UDF members slammed the government for burdening the public with hefty tax proposals, including a 50% hike in the basic …

Kerala Minister blames Centre’s fiscal policies for financial strain on states
3 days, 20 hours ago

Kerala Minister blames Centre’s fiscal policies for financial strain on states

Live Mint  

Thiruvananthapuram, Mar 24 Kerala Finance Minister K N Balagopal on Monday said the country is going through a challenging period in which the rights of states are "under threat", and even economically sound states are facing "unprecedented financial strains" due to the Centre's fiscal policies. Speaking during the discussion on the Kerala Appropriation Bill 2025, Balagopal said if the state …

Govt. focussed on putting in place fiscal discipline to achieve targets, say officials
1 week, 1 day ago

Govt. focussed on putting in place fiscal discipline to achieve targets, say officials

The Hindu  

Faced with increasing burden of debt servicing, the State Government has focussed on putting in place fiscal discipline so as to achieve the set targets and ensure realisation of projected revenues from different sources. Finance Department’s senior officials said the ₹3.04 lakh crore budget presented in the Legislative Assembly was a conservative one going by the 5% increase in total …

Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal
1 week, 1 day ago

Tax proposals for 2025-26 ‘minimal,’ reiterates Finance Minister K.N. Balagopal

The Hindu  

Balagopal, while moving a motion for referring the Kerala Finance Bill, 2025 to a Subject Committee, in the State Legislative Assembly on Wednesday, reiterated that the new tax proposals for the 2025-26 fiscal were “minimal”. On the Opposition UDF charge that the court fee hikes proposed in the Budget were too steep, Mr. Balagopal said the revenue expected from this …

Congress MLAs express concern over declining capital expenditure
1 week, 2 days ago

Congress MLAs express concern over declining capital expenditure

Hindustan Times  

The opposition Congress on Tuesday expressed concern over the decline in the capital outlay in the 2025-26 budget estimates tabled by chief minister Nayab Singh Saini in Haryana assembly on March 17. Congress leader Bhupinder Singh Hooda Speaking during the general discussion on budget, Congress MLA from Rohtak BB Batra said that the proposed capital outlay in 2025-26 estimates was …

Haryana CM presents ₹2.05 lakh cr budget with aim to make state ‘future capable’
Trending News
1 week, 3 days ago

Haryana CM presents ₹2.05 lakh cr budget with aim to make state ‘future capable’

Hindustan Times  

Chief minister Nayab Singh Saini on Monday proposed a ₹2.05 lakh crore state budget for the 2025-26 financial year, 13.7% up from the revised estimates of 2024-25, in the assembly on Monday. Haryana chief minister Nayab Singh Saini, who also holds the finance portfolio, presenting the state budget for 2025-26 in the assembly in Chandigarh on Monday. Presenting his first …

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu
1 week, 6 days ago

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu said the fiscal deficit of the state government is estimated to decrease to 3% of the GSDP during 2025-26. This is despite the state falling short of its last year’s target of total revenue receipts, which was revised downwards from Rs 2.99 lakh crore to Rs 2.93 lakh crore in the Revised Estimate 2024-25. The …

Watch: Highlights of the Tamil Nadu Budget 2025
1 week, 6 days ago

Watch: Highlights of the Tamil Nadu Budget 2025

The Hindu  

Tamil Nadu’s Finance Minister Thangam Thennarasu presented the last full-fledged Budget of the DMK government before the Assembly elections, which will be held in 2026, in the Assembly Hall at Fort St. George in Chennai on March 14, 2025. The Budget pegs the State’s nominal GSDP at 14.5% in 2024-25, with real growth projected at 9% and an average inflation …

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister
1 week, 6 days ago

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister

The Hindu  

Tamil Nadu Finance Minister Thangam Thennarasu on Friday presented the Medium Term Fiscal Plan, which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore. Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private …

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026
2 weeks ago

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026

New Indian Express  

CHENNAI: The debt burden of the Tamil Nadu government will burgeon to ₹9,29,959.30 crore by March 31, 2026, according to the budget documents for the year 2025-26. In view of the revenue augmentation measures, including improvement in tax administration and collection efficiency, the revenue deficit is expected to reduce to ₹31,282.23 crore in 2026-27 and subsequently reduce further to ₹18,026.48 …

A State under severe financial stress
2 weeks, 1 day ago

A State under severe financial stress

The Hindu  

The Andhra Pradesh government presented a Budget of more than ₹3.22 lakh crore for FY2025-26. Public debt, the total amount of money that a government borrows to fund its spending, is estimated to increase to ₹1.02 lakh crore in FY2025-26. According to experts, the surge in public debt is largely due to “freebies, fewer tax revenues, and meagre capital expenditure.” …

Mahayuti avoids populist schemes in the first budget after returning to power
2 weeks, 3 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Five industrial states contribute 72% of direct taxes
2 weeks, 4 days ago

Five industrial states contribute 72% of direct taxes

New Indian Express  

Top five industrial states of the country contribute more than 2/3rd of the direct taxes collected by the central government, even as less developed states like UP, Bihar and MP are taking away more than a third of the tax devolved by the Centre to the states, the government informed parliament on Monday. Responding to a question in Lok Sabha, …

Karnataka triumphs with fiscal discipline, SDG commitment
2 weeks, 6 days ago

Karnataka triumphs with fiscal discipline, SDG commitment

New Indian Express  

BENGALURU: Karnataka has once again proved itself to be an economic powerhouse, maintaining fiscal discipline, while driving transformative development. With fiscal deficit within 3% of GSDP, Karnataka’s has fuelled managed investments in infrastructure, social welfare, and human development, stated the economic survey. The state’s total receipts surged 17.90% in 2024-25, up from Rs 3.12 lakh crore to Rs 3.68 lakh …

Bommai Slams Karnataka Budget as ‘Anti-People, Lacking Reforms’
Trending News
2 weeks, 6 days ago

Bommai Slams Karnataka Budget as ‘Anti-People, Lacking Reforms’

Deccan Chronicle  

Haveri: Former Chief Minister and Haveri MP Basavaraj Bommai has slammed the Karnataka state budget presented by Chief Minister Siddaramaiah, calling it disappointing, anti-people, and lacking in economic reforms. In a press statement on Friday, Bommai pointed to a revenue shortfall of Rs 10,000 crore compared to last year’s estimates and a dip in capital expenditure, which he claimed would …

Karnataka’s Budget 2025 focuses on affordable housing, infrastructure, and flood mitigation
2 weeks, 6 days ago

Karnataka’s Budget 2025 focuses on affordable housing, infrastructure, and flood mitigation

Hindustan Times  

Karnataka Chief Minister Siddaramaiah, presenting the state budget for 2025-26 on March 7, emphasized the government’s commitment to fiscal discipline while unveiling initiatives to strengthen infrastructure and drive economic growth. Karnataka Chief Minister Siddaramaiah, presenting the state budget for 2025-26 on March 7, prioritized affordable housing, traffic decongestion, flood mitigation, and infrastructure development The total estimated expenditure for the year …

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time
Top News
3 weeks ago

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time

The Hindu  

Karnataka’s budget outlay has for the first time crossed ₹4 lakh crore. In his 16th budget Chief Minister Siddaramaiah presented on Friday for the fiscal year 2025-26, the total budget outlay has been estimated to be ₹4,09,549 crore. Follow for live updates on Karnataka Budget 2025-26 The budget outlay includes revenue expenditure of ₹3,11,739 crore, capital expenditure of ₹71,336 crore …

Karnataka CM Siddaramaiah presents state Budget
3 weeks ago

Karnataka CM Siddaramaiah presents state Budget

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah, presenting his record sixteenth budget on Friday, strongly defended the government's five guarantee schemes and targeted the union government for the state's fiscal challenges. It includes revenue expenditure of Rs 3,11,739 crore, capital expenditure of Rs 71,336 crore and loan repayment of Rs 26,474 crore.The chief minister presented the budget in the Assembly sitting due …

In 16th budget, Karnataka CM to propose more populist schemes
3 weeks ago

In 16th budget, Karnataka CM to propose more populist schemes

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah, who also holds the finance portfolio, is all set to present the state budget for the financial year 2025-26, at an estimated size of Rs 4.05 lakh crore, on Friday. He will create a history of sorts by presenting his 16th budget as finance minister, an all-time record by any finance minister of Karnataka. This was …

Karnataka CM presents Rs 19,000 crore revenue deficit budget with Rs 4.09 lakh crore outlay
3 weeks ago

Karnataka CM presents Rs 19,000 crore revenue deficit budget with Rs 4.09 lakh crore outlay

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a Rs 19,262 crore revenue-deficit Karnataka Budget for 2025-26 here on Friday, March 7, with a total outlay pegged at Rs 4,09,549 crore as against the revised estimate of Rs 3,65,865 crore for 2024-25. Though it showed commitment to implement the five guarantees, the allocation saw a stagnation as …

CM Siddaramaiah's 16th budget to focus on balancing guarantees; development amid rising debt
3 weeks, 1 day ago

CM Siddaramaiah's 16th budget to focus on balancing guarantees; development amid rising debt

New Indian Express  

BENGALURU: As Karnataka Chief Minister Siddaramaiah presents his 16th budget on March 7, the challenge would be to strike a balance between development and social welfare schemes. In the previous budget, Gross State Domestic Product was projected to be Rs 28,09,063 crore, and borrowing was proposed at Rs 1,05,246 crore, a 23 per cent hike compared to FY 2023-24. The …

A step backward for Odisha’s economy
3 weeks, 1 day ago

A step backward for Odisha’s economy

The Hindu  

The Bharatiya Janata Party government in Odisha presented the State Budget for 2025-26 in February, with a total Budget size of ₹2,90,000 crore. However, the BJP government’s fiscal performance over the last nine months has been unimpressive, giving an impression that its economic goals are like pie in the sky without an achievable action plan. Although the current borrowing is …

State cannot achieve $1 trillion economy by 2030: PMK’s shadow economic survey
3 weeks, 2 days ago

State cannot achieve $1 trillion economy by 2030: PMK’s shadow economic survey

The Hindu  

Pattali Makkal Katchi published its first shadow economic survey report on Tuesday in which it said Tamil Nadu will not be able to attain $1 trillion economy as the maximum achievable target is estimated at ₹56 lakh crore, given the State’s economic growth. The report further said the tax revenues had also increased and the State government would meet the …

Maharashtra Budget 2025: Ajit Pawar’s Strategy to Tackle Debt, Review Schemes, and Spur Growth
Trending News
3 weeks, 3 days ago

Maharashtra Budget 2025: Ajit Pawar’s Strategy to Tackle Debt, Review Schemes, and Spur Growth

The Hindu  

Published : Mar 03, 2025 21:17 IST - 4 MINS READ In the first three days of March, Maharashtra’s financial situation was revealed: It tops the chart in the country’s State numbers for GST collection for February 2025, with Rs.30,637 crore; the State finance minister, Ajit Pawar, sought a supplementary Rs.6,486 crore on March 3. They spent big money: The …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
3 weeks, 3 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

Andhra govt presents annual budget with outlay of ₹3.22L-cr
Trending News
3 weeks, 6 days ago

Andhra govt presents annual budget with outlay of ₹3.22L-cr

Hindustan Times  

Andhra Pradesh finance minister Payyavula Keshav on Friday presented the state’s annual budget for the financial year 2025-26 in the state legislative assembly with an outlay of ₹3.22 lakh crore. They are Thalliki Vandanam, a revised “Amma Vodi scheme” of the previous YS Jagan Mohan Reddy government providing financial assistance to women for sending their children to schools; and Annadata …

Andhra Pradesh Budget: Welfare assured, growth guaranteed
3 weeks, 6 days ago

Andhra Pradesh Budget: Welfare assured, growth guaranteed

New Indian Express  

VIJAYAWADA: Finance Minister Payyavula Keshav on Friday presented the Andhra Pradesh Budget for 2025-26 in the Legislative Assembly with an outlay of Rs 3,22,359 crore. The revenue expenditure has been estimated at Rs 2,51,162 crore, while the capital expenditure has been shown at Rs 40,635 crore. The revised estimates of revenue expenditure for the financial year 2024-25 are Rs 2,24,342 …

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26
1 month ago

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26

The Hindu  

The Andhra Pradesh state government, on Friday, presented the annual budget for the financial year 2025-26 with a total outlay of ₹3,22,359 crore. Presenting the budget in Andhra Pradesh Assembly on Friday, Andhra Pradesh Finance Minister Payyavula Keshav said that the estimated revenue deficit is around Rs. The revenue deficit is 3.01% and fiscal deficit is 4.57 per cent of …

State on tightrope walk in finalising budget proposals for 2025-26
1 month ago

State on tightrope walk in finalising budget proposals for 2025-26

The Hindu  

The Finance department is on a tightrope walk in finalising the budget estimates for the financial year 2025-26 as the State is a long way from realising the targets of revenue receipts set for the current fiscal. The State has to make provisions for Rythu Bharosa involving close to ₹20,000 crore, subsidies, including free power to farm sector estimated around …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month, 1 week ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
1 month, 1 week ago

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal

The Hindu  

Odisha Chief Minister Mohan Charan Majhi on Monday presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product. Presenting his first full budget after Bharatiya Janata Party came to power in Odisha in June 2024, Mr. Majhi said, “I propose the …

Reopening fiscal wounds
1 month, 2 weeks ago

Reopening fiscal wounds

The Hindu  

The Union Budget sparked anger in Kerala over the Centre’s “continued neglect” of the State on the fiscal front. Apart from demanding again a ₹24,000 crore special economic package for overcoming financial distress, the Kerala government also pleaded for a ₹2,000 crore package for relocating the survivors of the landslides that occurred in July 2024 in Wayanad, and for ₹5,000 …

Kerala budget signals shift towards private investment
1 month, 2 weeks ago

Kerala budget signals shift towards private investment

New Indian Express  

A weak fiscal position has been a long-standing issue in Kerala. The finance minister has tried to set a new direction by announcing relevant economic opportunities the state could avail itself of in the current context. This indicates the state’s focus is on high expenditure commitments and is unable to find ways to increase the share of long-term productive plans …

Experts question Kerala budget’s revenue projections amid fiscal concerns
1 month, 2 weeks ago

Experts question Kerala budget’s revenue projections amid fiscal concerns

New Indian Express  

KOCHI: Does Finance Minister K N Balagopal’s budget calculations add up, or is he offering empty promises that are reliant on the economy’s robustness and tax-collection efforts? The budget document outlines an impressive increase in revenue receipts, aiming for Rs 1,52,351.67 crore in 2025-26, up from revised estimates of Rs 1,32,929.80 crore for 2024-25. The minister’s optimism hinges on substantial …

Kerala budget paints rosy fiscal picture but lacks concrete roadmap for revenue growth
1 month, 2 weeks ago

Kerala budget paints rosy fiscal picture but lacks concrete roadmap for revenue growth

New Indian Express  

If positive sentiments are enough to boost Kerala’s struggling economy, Finance Minister K N Balagopal may have done his bit. In his last full budget before the next assembly elections, Balagopal presented a rosy picture of the state finances, saying the economy has overcome the severe financial constraints and was set to embark on a phase of rapid growth. He …

Kerala budget projects stability but lacks major new initiatives
1 month, 2 weeks ago

Kerala budget projects stability but lacks major new initiatives

New Indian Express  

THIRUVANANTHAPURAM: As opposed to belligerent posturing against the BJP-led Union government and the Opposition UDF last time, K N Balagopal opted to go forth on a positive note this time around. Stepping into the arduous task of keeping Kerala’s fiscal stock afloat ahead of back-to-back elections, it was the pragmatic politician rather than the finance minister that ruled the day. …

Kerala budget boosts public transport with metro expansion, road tax cuts, and inland navigation push
1 month, 2 weeks ago

Kerala budget boosts public transport with metro expansion, road tax cuts, and inland navigation push

New Indian Express  

KOCHI: The public transport sector, being one of the core areas when it comes to development, has been given much focus in the budget. A slew of measures such as cutting down of road tax for stage carriers, introducing metro in more cities, development of inland navigation, promotion of greener fuel hydrogen, financial aid for KSRTC and exploration of new …

Kerala budget: A grave but hidden financial crisis
1 month, 2 weeks ago

Kerala budget: A grave but hidden financial crisis

New Indian Express  

The long-winded budget speech of Finance Minister K.N. This resulted in a reduction of tax to state income ratio to 7.8 compared to the last year’s 7.9. But this decline would appear as a bigger one if you compare the tax to state income ratio of 8.5 in 2022-23. Since this is a significant size in Kerala constituting people’s disposable …

Reforms essential for ‘take-off’ of Kerala’s economy
1 month, 2 weeks ago

Reforms essential for ‘take-off’ of Kerala’s economy

The Hindu  

The Kerala Budget for 2025-26 was presented against the backdrop of an ever-deteriorating State finances. In this context of declining capital expenditure, it is difficult to take the Finance Minister’s announcements on investment projects seriously. Land tax is going to hurt ordinary people and higher tax on electric vehicles will slow down the green transition. The ‘special development zone’ announced …

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%
1 month, 2 weeks ago

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%

The Hindu  

It is estimated that the State’s Own Tax Revenue would grow at 12.11% in 2025-26 over the revised estimates for the previous fiscal. SOTR would grow to ₹91,514.75 crore in 2025-26 compared to ₹81,627.29 crore in 2024-25, budget documents tabled in the State Assembly on Friday noted. The share of Central taxes is expected to grow at 12% in anticipation …

Kerala Budget 2025: school education outlay rises by 5%
1 month, 2 weeks ago

Kerala Budget 2025: school education outlay rises by 5%

The Hindu  

Outlay for school education has gone up in the State Budget for 2025-26. Balagopal has earmarked ₹1,083.82 crore for school education, an increase of nearly 5% from the ₹1,032.62 crore allocated in the past financial year. With the Left Democratic Front government rolling out a comprehensive education plan to improve academic excellence in the new academic year, the Budget has …

Budget sets aside funds for supporting expats who returned home
1 month, 2 weeks ago

Budget sets aside funds for supporting expats who returned home

The Hindu  

Kerala has set aside ₹150.81 crore for various activities of Non-Resident Keralite Affairs, including ₹77.50 crore for the rehabilitation of expatriate Malayalis who have returned home after they lost their jobs overseas. Balagopal said that ₹25 crore had been set aside for the NoRKA Department Project for Returned Emigrants and another ₹23 crore to provide aid to the members of …

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth
1 month, 2 weeks ago

Kerala Budget 2025-26: Finance Minister announces hike in land tax, places emphasis on economic growth

The Hindu  

A 50% hike in the land tax, expected to bring in an additional ₹100 crore for the State government, plans to transform the Kerala Infrastructure Investment Fund Board into a “revenue-generating entity,” as well as announcements aimed at boosting investment-friendly infrastructure, marked the 2025-2026 Kerala Budget presented by Finance Minister K.N. Additional resource Compared to last year, Mr. Balagopal’s latest …

Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Way
1 month, 3 weeks ago

Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Way

The Hindu  

Balagopal presented the Kerala Budget for the 2025-26 fiscal in the State Legislative Assembly on Friday. The Minister said Kerala has survived the most intense phase of financial crisis without any of its welfare schemes or development work being affected. He accused the Centre of consistently reducing Kerala’s share in the divisible tax pool from 3.88% in the 10th finance …

Kerala budget to have higher plan outlay
1 month, 3 weeks ago

Kerala budget to have higher plan outlay

New Indian Express  

THIRUVANANTHAPURAM: The plan outlay in the state budget for financial year 2025-26 is set to be 7 to 10% higher than the current fiscal as the government has decided not to compromise on developmental projects despite financial stress, according to sources. The aggregate plan outlay for the current fiscal is Rs 38,886.91 crore. Of this, the state plan outlay is …

Tough balancing act on the cards in Kerala Budget
1 month, 3 weeks ago

Tough balancing act on the cards in Kerala Budget

The Hindu  

The 2025-26 State Budget, to be presented on Friday, will be closely watched for measures designed to boost the economy and how Finance Minister K.N. Mr. Balagopal’s upcoming Budget presentation garners considerable interest in the context of the Union Budget’s silence on Kerala’s pleas for special financial packages for rehabilitating the landslide survivors in Wayanad and tackling rising human-wildlife conflicts. …

AP Revenue Estimated at 1,02,154 Crore in 2024–25: CM Naidu
1 month, 3 weeks ago

AP Revenue Estimated at 1,02,154 Crore in 2024–25: CM Naidu

Deccan Chronicle  

Vijayawada: Chief Minister N. Chandrababu Naidu has said revenue-earning departments should mobilise resources and reach targets set for the present fiscal. If the state “economically devastated” during the YSRC rule should recover and develop, the revenue-earning departments should produce the best results,” he said while conducting a review on resources and revenue growth, at the Secretariat on Tuesday. The fall …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

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