KSRTC is making sincere attempts to overcome the financial crisis through novel ventures like retail fuel outlets, said finance minister K N Balagopal on Thursday.
Kerala has initiated efforts for a joint resistance by states ruled by non-BJP governments against the move to bring petrol and diesel under the GST regime.
In reply to a question in the assembly, Finance Minister KN Balagopal said the vaccine challenge got Rs 817.50 crore because of the vaccine challenge from March 27, 2020 to July 30 this year.
A bonus of Rs 1,000 will be given to the employment guarantee scheme workers who have completed 75 days of work in the year.
KN Balagopal worried that while there is growth in overall consumption and production and thus an overall jump in tax collection, there is no commensurate growth in tax collection for the states.
The government will bear 4% interest of loans up to Rs 2 lakh for six months, availed from financial institutions under the state and central governments, cooperatives and commercial banks
Kerala Finance Minister K N Balagopal, in a letter to Niramala Sitharaman, said the impact of the second wave induced lockdown has adversely affected the economic and social well-being of all sectors.
The finance minister said the Centre’s stand not to waive GST on Heparin and portable hospital unit was disappointing.
The minister said he did not intend to hide the financial crisis of the state.
KN Balagopal focuses on Kerala’s health in maiden budget, Covid-hit economy has to wait. Rs 20,000-crore Covid package, Rs 1,500 crore for free vaccination, hospital upgrade find place.
Balagopal said the Left played a major role in keeping political horse-trading at check in Kerala.
On the presentation front, the maiden budget of Finance Minister K N Balagopal stood apart from that of his predecessor, T M Thomas Isaac.
Kerala had landed in a financial crisis much before the outbreak of Covid. In the last 15 months, the crisis deepened as the pandemic gripped the state.
The maiden budget of the second LDF government presented by Finance Minister K N Balagopal comes in the middle of the second wave of Covid-19.
Certain areas have been identified for the disbursal of the fund.