kerala budget 2016
TRANSCRIPT
Welcome
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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
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