Assembly passes amendments to Infrastructure Investment Fund Act

Finance Minister Thomas Isaac piloting Investment Fund Bill on Nov. 2Kerala Assembly unanimously passed the Kerala Infrastructure Investment Fund (Amendment) Bill on Wednesday.

The Bill seeks to enable the Fund Board to employ new fund mobilisation methods to finance infrastructure development measures announced in the revised Budget for the current year. 

Wetland amendment Bill to Subject Committee

Thiruvananthapuram: The Assembly referred the Kerala Conservation of Paddy Land and Wetland (Amendment) Bill to the Subject Committee on Wednesday.

Piloting the Bill, Revenue Minister E. Chandrasekharan said that the Bill would not come in the way of building houses on small plots of paddy land. The government policy was to promote paddy cultivation wherever the crop could be cultivated.

Measures to streamline tax collection

Finance Minister Thomas Isaac replying to debate on Appropriation Bill on ThursdayFinance Minister T. M. Thomas Isaac told the Assembly on Thursday that the government would be taking a number of measures to improve tax collection.

Dr. Isaac said that the about 70 per cent of tax revenue came from Kochi. So, the government was planning a ‘Mission Ernakulam’ to achieve better tax realisation from the area. The tax growth from the area was a mere two per cent.

Infrastructure Investment (Amendment) Bill goes to Subject Committee

Finance Minister Thomas Isaac introducing Infrastrucure Board Bill on MondayThe Assembly on Monday referred the Kerala Infrastructure Investment (Amendment) Bill, which is to replace Ordinance issued earlier, to the Subject Committee.

The Bill seeks to alter the structure of the Kerala Infrastructure Investment Board to enable it to raise funds from the open market for projects in 23 sectors including agriculture, education and health.


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