All posts tagged: kerala budget

Amid UDF-LDF spat over Kerala finances, govt reminds departments of need for ‘austerity’ in Budget estimates

Amid UDF-LDF spat over Kerala finances, govt reminds departments of need for ‘austerity’ in Budget estimates

Published by Parlour News

“The financial constraints being faced by the State government make it imperative for the government to prepare the Budget 2027-28 with austerity,” the Finance Department has said in a communication to sister departments while issuing the deadlines for submitting the estimates. | Photo Credit: REUTERS Amid the spat between the ruling Congress-led UDF government and the Opposition CPI(M)-led LDF over Kerala’s financial health, the State Finance Department has repeated its annual reminder to government departments to keep in mind the need for “austerity” when preparing the estimates for the next State Budget for the 2027-28 fiscal. “The financial constraints being faced by the State government make it imperative for the government to prepare the Budget 2027-28 with austerity,” the Finance Department has said in a communication to sister departments while issuing the deadlines for submitting the estimates. The Finance department has also repeated the advice about dropping uneconomical schemes and “perhaps deferment of certain measures, including maintenance expenditure, which can be postponed.” Ever since the UDF government took over in May this year, it and …

Mohanlal, Mammotty and Prithviraj welcome Kerala Budget proposals for cinema sector | Malayalam News

Mohanlal, Mammotty and Prithviraj welcome Kerala Budget proposals for cinema sector | Malayalam News

Published by Parlour News

3 min readThiruvananthapuramJun 19, 2026 07:03 PM IST Leading Malayalam actors and directors on Friday welcomed the Kerala Budget’s proposals to grant industry status to cinema and establish an international film city. The state Budget proposes the J C Daniel International Film City-Chitranagaram project in Kochi with an allocation of Rs 100 crore. It announced steps to grant industry status to cinema, establish anti-piracy mechanisms, create a permanent venue for the International Film Festival of Kerala (IFFK) and allocate Rs 1 crore for the construction of a memorial for late actor Salim Kumar in Ernakulam. In a Facebook post, actor Mohanlal welcomed the government’s decision to announce projects such as a cultural park and other initiatives aimed at supporting the film industry. He said the proposed measures would provide fresh momentum and growth opportunities for the sector. “The announcement that steps will be taken to treat cinema as an industry will provide fresh hope to thousands of film workers,” he said, while thanking Chief Minister V D Satheesan and Cultural Affairs Minister P C Vishnunadh. …

Kerala Revised Budget 2026-27 LIVE: Kerala Chief Minister V.D. Satheesan to present UDF government’s first budget

Kerala Revised Budget 2026-27 LIVE: Kerala Chief Minister V.D. Satheesan to present UDF government’s first budget

Published by Parlour News

June 19, 2026 07:07 Kerala Budget: Fiscal health, welfare, growth in focus as Congress-led UDF govt to present Revised Budget on June 19 The Congress-led UDF government’s Revised Budget for 2026-27, to be presented by Chief Minister V.D. Satheesan on Friday (June 19, 2026) faces the challenge of finding the middle ground between re-aligning Kerala’s fiscal space for tackling the concerns raised in the White Paper on State finances and mobilising additional revenue for development and welfare, notably the Indira Guarantees and the ‘dream projects.’ Kerala Budget: Fiscal health, welfare, growth in focus as Congress-led UDF govt to present Revised Budget on June 19 Kerala’s Congress-led UDF government presents a Revised Budget on June 19, focusing on fiscal health, welfare, and growth challenges. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Rs 750 crore allocated for Wayanad rehabilitation, key development plans unveiled – India TV

Rs 750 crore allocated for Wayanad rehabilitation, key development plans unveiled – India TV

Published by Webster

Image Source : ANI Kerala Finance Minister K.N. Balagopal Kerala Finance Minister K.N. Balagopal has presented the Kerala Budget for the 2025-26 fiscal year in the State Legislative Assembly on Friday, February 7, 2025. The presentation began at 9 a.m., with significant announcements aimed at addressing both the state’s immediate challenges and long-term development goals. One of the most notable announcements was the allocation of Rs. 750 crore for the rehabilitation of victims of the Wayanad disaster. Minister Balagopal emphasised that the project would be completed on time, with Rs. 750 crore earmarked for the first phase of the rehabilitation efforts. Balagopal also addressed the state’s fiscal health, highlighting Kerala’s economic resilience despite challenges. He attributed the improvement in the state’s financial position to a 70% increase in its own tax collection over the past four years. He expressed concern over the central government’s consistent reduction of Kerala’s share in the divisible tax pool, dropping from 3.88% during the 10th Finance Commission period to 1.92% in the 15th Finance Commission period. The Finance Minister strongly …

Kerala Budget 2024 | Opposition Leader accuses Finance Minister of regurgitating old promises and papering over State’s dire economic situation

Published by Parlour News

Kerala’s Leader of the Opposition V.D. Satheesan (file) | Photo Credit: THULASI KAKKAT The Congress-led United Democratic Front (UDF) Opposition in Kerala has accused the Left Democratic Front (LDF) government of delivering a Budget that sought to paper over Kerala’s dire economic situation by regurgitating empty promises. Leader of the Opposition V.D. Satheesan termed Finance Minister K.N. Balagopal’s nearly two-hour Budget speech on February 5 (Monday) an election-eve screed that targeted the Opposition to conceal the government’s alarming fiscal failures. He said Mr. Balagopal had relegated the Budget to the subaltern status of a worn-out political statement speckled with cliched, obsolete and hollow-sounding communist jargon. Mr. Satheesan said Mr. Balagopal destroyed the Budget’s sanctity and used the presentation in the Assembly as a bully pulpit to demonise the Opposition repeatedly. He said Mr. Balagopal used the heavily politicised Budget speech as a fig leaf to cover the embarrassing fact that almost 50% of the funds earmarked for plan expenditure in critical sectors, including social welfare, remained unspent. Mr. Satheesan said successive Budgets presented by Mr. …