Budget

Five per cent tax on rice bran oil, new schemes added to Budget

Kerala Finance Minister T. M. Thomas Isaac replying to general discussion on revised Budget on July 13.Kerala Finance Minister T. M. Thomas Isaac announced five per cent tax on rice bran oil to fetch Rs. 10 crore and announced new schemes costing Rs. 32.85 crores in the Assembly on Wednesday.

Replying to the general discussion on the revised Budget for 2016-17, the Minister also included more projects, requiring Rs. 1267 crore, under the special investment programme proposed in the Budget.

He also made amends to his announcement about restrictions in creation of new posts and offered to reconsider a few of his tax proposals at the Subject Committee.

Chandy demands increase in support price of paddy

Thiruvananthapuram: Former Chief Minister Oommen Chandy demanded in the Assembly on Tuesday that the support price for paddy should be increased.

Participating in the general discussion on the revised Budget for the current year, Mr. Chandy said that increasing the rubber subsidy for farmers with holdings of up to two hectares should also be considered.

Tame Budget discussion in Assembly

Thiruvananthapuram: The opening day of the three-day general discussion on the revised Budget for the current year on Monday was a tame affair.

Opposition members stuck to the stand that the Budget proposals were utopian while the ruling front members reiterated that the Budget was development and welfare oriented. There was hardly any deeper analysis of the budget or the white paper on State finances.

Revised Kerala Budget 2016-17 highlights

Kerala Budget highlights

Revised Budget: Overall deficit: Rs. 711.38 cr.
Additional Resource Mobilisation: Rs. 805 cr.
Additional expenditure announced: Rs. 730.10 cr. Concessions: Rs. 5 cr.
Cumulative deficit: Rs. 746.69 cr.

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