Kerala

Kerala Budget 2017-18 highlights

Social security pensions to cover all above 60 years of age excluding service pensioners, income tax payers and farmers owning more than two acres

Welfare pensions to be raised to Rs. 1100 a month

Amnesty scheme for VAT arrears of traders

Rs. 30 crore for drought relief

Infrastructure Development
Kerala Infrastructure Investment Fund Board to clear investment of Rs. 15000 cr this month.

Funding of infrastructure Development outside Budget to continue

Fresh projects costing Rs. 25000 crore to be undertaken by KIIFB next year

Coastal highway: construction to start next year

KIIFB to invest in hill highway (Rs. 3500 crore)

12 IT hardware parks to be set up.

Rs. 127 crore for Clean Kerala Mission

Rs. 100 crore for modern abattoirs

Master Plan for schools
Master plan for development of schools, Rs. 500 cr from KIIFB

45000 classrooms to be turned into high-tech learning centres

More than 2500 posts of teachers to be created

Rs. 10000 a month fellowship to 10000 artists

Rs. 18 crore for rain harvesting

Rs. 50000 crore to be spent for roads over five years

Rs. 381 crore for universities in the State

Women’s safety
Rs. 12 crore for pink control room for security of women

Allocation of Rs.1266 crore exclusively for women

Gender Budget restored

Journalists’ pension increased

Package for KSRTC
Rs. 3000 crore package for KSRTC

KSRTC to be restructured

Rs. 12000 crore to be mobilised from NRIs through chitties

Allocation for revival and renovation of a number of PSUs

Pensions hiked
NRK pension raised from Rs. 500 to Rs. 2000

The pension to dairy farmers enhanced to Rs. 1100 a month.

Honoraria of ASHA workers, cooks and pre-primary
teachers are enhanced by Rs. 500

Free Internet
Rs. 1000 crore to be spent for Internet network expansion

Internet to be right of citizen

Free Internet connection to 20 lakh poor families

Rs. 100 crore for IT Mission

Rs. 1100 crore outlay for fisheries sector

Rs. 2100 crore outlay for agriculture sector

Rs. 90 crore for Kasaragod package

Health Insurance
Health insurance for government employees and pensioners

Five per cent reservation of differently-abled in educational institutions; four per cent reservation of jobs

Rs. 900 crore for ration subsidy

Rs. 117 crore for computerisation of ration shops

Rs. 200 crore for supplyco, Rs. 150 crore for Consumerfed

Rs. 700 crore for paddy procurement

Rs. 65 crore for expansion of Buds schools

Rs. 10 crore for compensation to endosulfan victims

Rs. 100 crore for smart cities. Rs. 100 crore for Amritham scheme

Total Housing Scheme: 1 lakh houses to be built

5257 posts to be created in the health sector

Three crore trees to be planted in the State

Free medicines
Medicines needed following organ transplants to be supplied at 10 per cent of cost.

Free medicines for those suffering from diabetes, blood pressure and high cholesterol

Karunya Benevolent Fund to get Rs. 350 crore

Noteban hit demand
Note ban hit the lives of common man as stated by writer M. T. Vasudevan Nair: Kerala Finance Minister T. M. Thomas Isaac said, presenting Budget for 2017-18 in the Assembly.

"We have to face serious consequences of note ban."

"Demand hit."

"Banks have money, but none to avail loans."

Government extends dates for tax payments

Thiruvananthapuram: Chief Minister Pinarai Vijayan announced here on Sunday that government was granting time till November 30 for remittance of tax and other dues to the government.

The Chief Minister said that the time would be given till the end of month for remittance of various fees, utility bills, building tax and other payments due this month.  Vehicle tax payable by autorikshaws and taxis could be paid without fine till the end of this month.

However, these exemptions would not apply to VAT, excise and repayment of loans.

Economic activity hit owing to shortage of currency

Economic activities continues to suffer on account of the failure of banking system to pump in enough new currency notes after demonetisation of Rs. 500 and Rs. 1000 notes.

new Rs. 2000 noteSales were diminished in retail markets where much of the sales were based on cash. Even those in possession of the new Rs. 2000 notes could not buy things as retail outlets did not have change. 

Heavy rush to exchange notes

Queue before RBI to exchange notes on ThursdayBanks in Kerala witnessed heavy rush of people to change 500 and 1000 rupee notes, which ceased to be legal tender, on Thursday.
Long queues were seen at Reserve Bank of India and major banks and post offices.  Issue of new notes from Post offices were delayed at several places as currency had not reached them.

Assembly passes Amendment to re-apportion Kerala Legal Benefit Fund

Thiruvananthapuram: The Assembly passed the Kerala Court Fees and Suits Valuation (Amendment) Bill on Wednesday.

The Bill provides for apportioning of Kerala Legal Benefit Fund, collected from litigants, to the Kerala Advocates’ Welfare Fund and Advocates’ Clerks Welfare Fund after leaving ten per cent for providing infrastructure to litigants.

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