________________________________

2017-18
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
________________________________
Cumulative deficit for 2017-18 will be Rs. 1688.42 crore
Revenue deficit exceeds 16000 crore. Current year to end in deficit.
________________________________
The 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.
________________________________
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.
________________________________
Finance 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.
Pages