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Showing posts from February, 2021

Takeaways from Kerala Budget 2025

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The budget speech was held on 7th February by the Financial Minister of Kerala K N Balagopal in the Kerala Legislative Assembly. The Economic Review report was presented in the Assembly on February 7, 2023. This is Mr Balagopal’s fifth Budget after taking over as Kerala’s Finance Minister. Budget National Budget Article  Major Announcements from the Budget Speech  GSDP rate- 2024-25 -  11.77%  GSDP- ₹ 13,11,437 crore Public Debt- ₹40,848.21 crore Revenue Deficit- 2.1% ₹750 Crore for Wayanad Relief Package Expected  growth rate Local Self-Government-  ₹ 15,980.41 crore  LSG General Purpose-  ₹ 2,577 crore Kerala Climate Resilient Agri Value Chain Modernisation Project:  ₹ 2,365 crore Removal of river sand from the Bharatapuzha, Chaliyar, and Kadalundi rivers will be resumed Six-lane highway construction to be completed by December 31, 2025 Pilgrimage tourism in Kozhenchery-  ₹ 3 crore Sabarimala Master Plan-  ₹ 1033.62crore KSEB...
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Important takeaways from Indian Financial Budget 2021

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On February 1st 2021, the Finance Minister of India, Mrs Nirmala Sitharaman presented the financial budget for the financial year 2021-2022. It was a significant budget this time as the country is going through the biggest pandemic of the century. On 29th January, the minister had submitted the Economic Survey for the year 2020-2021.  Credits- The Indian Wire Challenges to the budget Economic revival  Increase public spending  Employment generation  Fiscal deficit (9.5%) The main takeaways from the budget A major push for digitalisation, as the FM read out the budget from a Made in India tablet. An app was also unveiled for people to know and understand the budget as well.  The speech was just over one and a half hours.  Increase in Health spending for this year at Rs 2.2 lakh Cr and Rs 35,000 Cr for Covid-19 vaccination.  Introduction of PM Atmanirbhar Swasth Bharat Yojana for improving healthcare infrastructure.  No change in Income tax slabs th...
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