Budget highlights 2017-18

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

Budget at a glance

Cumulative deficit for 2017-18 will be Rs. 1688.42 crore

Revenue deficit exceeds 16000 crore. Current year to end in deficit.

Assembly passes Finance Bill

Kerala Finance Minister T. M. Thomnas Isaac replying to the debate on thef Finance Bill on Nov. 7The Assembly on Monday passed the Kerala Finance Bill, which gives effect to the taxation proposals in the Budget for the current year.

The Bill, reported by the Subject Committee, proposes to impose a five per cent duty on conveyance of property by way of amalgamation of companies on the recommendation of the committee.

Kerala Assembly passes Appropriation Bill pertaining to supplementary expenditure

Thiruvananthapuram: Education Minister C. Raveendranath said that plans for investments outside the Budget would boost revenues.

Replying to the debate on the Kerala Appropriation (No. 3) Bill pertaining to supplementary expenditure for the current year, the Minister said that five times more investment than through Budget was planned from Kerala Infrastructure Investment Fund.

Comprehensive medical insurance scheme on the anvil

Finance Minister Thomas Isaac replying to debate on supplementary demands for grants on Oct. 31Finance Minister T. M. Thomas Isaac said in the Assembly on Monday that about a dozen medical benefit schemes including the Karunya Scheme would be integrated into a comprehensive insurance scheme.

Replying to the supplementary demands for grants for 2016-17, the Minister said that the insurance scheme would cover all persons eligible under Rashtriya Swasth Bima Yojana.


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