Efficient financial management and a record increase in the State’s own revenues helped Kerala withstand fiscal pressures in the 2023-24 fiscal, Finance Minister K.N. Balagopal said on Saturday. Speaking to reporters here after visiting the treasury on Saturday, the last working day of the 2023-24 fiscal, Mr. Balagopal said the government had made payments to … Read more
Kerala Finance Minister K N Balagopal goes through the last minute preparations ahead of the presentation of the State annual budget in the state Assembly, in Thiruvananthapuram on Feb. 3, 2024. | Photo Credit: PTI Finance Minister K. N. Balagopal will present the Kerala Budget for the 2024-25 fiscal and the Vote on Account at … Read more
The State government can hike the social security pensions from the present ₹1,600 a month if the Union government restores the State’s rightful share of funds, Finance Minister K.N. Balagopal informed the Assembly on Monday. The LDF government has in the past seven years authorised the release of ₹59,112 crore towards the distribution of social … Read more
Kerala will approach the Supreme Court against the Central government’s decision to slash the State’s borrowing limit, Finance Minister K.N. Balagopal said here on Monday. The State government is discussing the matter with senior lawyers, Mr. Balagopal said at a meet-the-press programme organised by the Kesari Memorial Journalists’ Trust. There is no legal hurdle before … Read more
Kerala Finance Minister K N Balagopal on Thursday said the state had repeatedly expressed its reservations over imposing GST on certain packaged food items, contradicting Union Finance Minister Nirmala Sitharaman‘s claims that even non-BJP ruled states were onboard on the taxation decision. Days after Sitharaman mentioned that Opposition-ruled states had given their nod for imposing … Read more