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KERALA BUDGET 2016-17 II D.C ECONOMICS

AGENDA• INTRODUCTION• HIGHLIGHTS• SECTOR-WISE ANNOUNCEMENTS– Social welfare– Agriculture– Industry– Infrastructure– Go green– Art & Culture– Education– Health– Tax– Tourism & IT

• CONCLUSION

INTRODUCTION

•First Budget of LDF govt•Finance Minister - Thomas Isaac -7th Budget

• July 8 , 2016 ; 09:00 am• 2 hours and 57 minutes, Mr. Isaac made

the longest budget speech in the history of the Kerala Assembly

HIGHLIGHTS

SECTOR-WISE ANNOUNCEMENTS

•House for all…All

houses →water supply, electrici

ty & toilets

Rs450cr –ST -- buy land and construct

houses

Adivasis →1 acre

land

3 cent land →home-

less people

SOCIAL WELFARE

Contd…

• Karunya scheme -- a right for all• Ration scheme to be bettered• NREGA laborers -- free ration• Rs200cr --Kudumbashree projects• create a law for migrant laborers• Rs50cr -public rest rooms• Petrol pumps, bus stations -fresh-up

stations →public rest rooms• Rs10lakh each -rehabilitate Vizhinjam port

project affected people• Rs 10 crore allotted for Endosulfan victims

•Pension

social welfare pensions - Rs1,000

laborers > 60 yrs =pension

Pension- transgenders

(>60 yrs )

AGRICULTURE• major boost to farming sector• Rs100 crore→ coconut procurement• Coconut, spices and agro parks to be set up• Data bank of agricultural land -created (1yr) • Rs50 cr -paddy cultivation, subsidies ↑• Rs385 cr →paddy procurement• Norm for filling of farmlands cancelled• boost coir sector• Support price of rubber= Rs150• Rs100cr -ensuring safety of farmers from wild animals

INDUSTRY

Rs100cr → public sector units

Govt to procure all products of small scale producers

Industrial parks -set up adjacent to NH-47

1500 acre of land → procured in Ernakulam, Thrissur and Palakkad → proposed industrial corridor

create Rs1,000 cr worth work days

INFRASTRUCTURE

• Rs5,000 crore → infrastructure projects• New funds for four-lane roads, GAIL and

development of airports• water authority→ no loss-no profit organisation• Water cess not to be increased for next 5 years• Interest dues (Rs1004 cr) - Water authority waived

off• Rs500cr →multi-purpose indoor stadiums-14

districts• Rs135 crore→ mini-stadium in every panchayat

Contd..

• SPV →Sabari rail project• Rs50cr → for Sabari rail project• Rs2800cr → 138 roads• Rs385cr → 17 by-passes• Alappuzha → mobility hub• Kochi-Coimbatore hi-tech corridor announced

Rs1000cr → land procurement this year• Road and water ways project to be interlinked

GO GREENSolar panels -placed atop all govt offices

Rs200cr -Nabard green fund -solar energy schemes

KSRTC buses to be converted to CNG

Green tax → vehicles older than 15 years

20% tax for disposable plastic

do away with municipal waste tax

ART & CULTURE

Rs50cr→permanent venue -- IFFK

Arts & cultural centres

Kalabhavan Mani Memorial

Rs40 crore each→ cultural centres

Rs5 crore →museum in

SivagiriPension for artists

→Rs1000

EDUCATION

• Rs20 cr →schools for differently-abled• Rs100cr → Model residential schools• 1000 schools of international standard -5 yrs• Rs1000 cr → school of international standards

in each constituency• Free uniforms for students of all govt aided

schools from standard 1 to 8• Rs500cr for modernization of govt arts and

science colleges

Contd…

• Schools to have girl-friendly toilets• Special education concessions →

transgender• Rs10cr allotted to Kozhikode PSC

centre for conducting exams online• 1,300 first grade libraries to get free Wi-Fi

HEALTHHealth schem

e -NREGA labour

er Kerala → new

factory -medicine (FSDP)

Rs1000cr →

modernisation -

taluk hospital

s

Rs100 cr →

mental health centre-Kozhiko

de

Trivandrum

medical college -

AIIMS standar

ds

TAX• increase tax revenue by 25 percent• A 9-fold plan → improve tax revenue• Treasury core banking → salary will be

distributed only through treasury• Rs2.75 cr → GST training• All check-posts → modernized ( within 3 yrs)• Software of commercial taxes department to

be updated completely

Contd…

• Fat tax → food chain restaurants• 14% tax on burger and pizza• 5% tax on wheat products in packets• Basmati rice to cost more• Vehicle tax to be increased• Tax of goods transport vehicles -↑ by 10%• tax of tourist buses increased• Hotel room rents tax - reduced• 2% tax on garments

TOURISM & IT

Private investment -tourism sector

Rs200cr → ropeway in Ponmudi

Rs400cr -improving conditions of tourism spots identified

Rs100cr → Alappuzha, Thalassery heritage tourism project

IT

Mobile app-

public to

upload bills

Techno parks

→ new buildin

g

1,500 startups in 5 years

IT sector -Rs1300

crore boost

CONCLUSION• Promises galore to revamp social welfare sector• Discouraging fast-food, ready-to-eat chappathis• Transgenders find a mention in Isaac's budget • Freeze on new posts in the next two years• Rs 12,000 cr package -economic crisis• Revenue deficit -Rs20,000 cr• Increase tax revenue • Boost for tourism • Vehicle tax • Go green • IT

Prepared by ARNELIT PHILIP MANI

Presented by ARNELIT PHILIP MANI SNEHA VIJAYAN KATHIJA .J DHANYA