Takeaways from Kerala Budget 2026

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The budget speech was held on 29th January by the Finance Minister of Kerala, K N Balagopal, in the Kerala Legislative Assembly. The Economic Review report was presented in the Assembly one day earlier on the 28th. This is Mr Balagopal’s sixth Budget after taking over as Kerala’s Finance Minister and will be the final budget of LDF 2.0 ahead of the Kerala elections 2026.  Ernakulam leads Kerala districts in income chart, Pathanamthitta posts fastest growth as per the Economic Review.  Major Announcements from the Budget Speech  GSDP rate- 2025-26 - 9.9 7%  GSDP- ₹ 6,85,28,316  crore Public Debt- ₹40,848.21 crore Revenue Deficit-  ₹34,586.66 crore or 1.9% Annual Expenditure-  ₹2,17,558.76 crore Fiscal Deficit- 3.2% Debt-GDP Ratio- 33.44% Kerala recorded a 6.19% real growth as per the economic survey.  4th-longest budget speech in the assembly.  Wayanad Package- ₹50 crore. Finance Minister says the borrowing limit of the state ha...
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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

  1. 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. 

  2. The speech was just over one and a half hours. 

  3. Increase in Health spending for this year at Rs 2.2 lakh Cr and Rs 35,000 Cr for Covid-19 vaccination. 

  4. Introduction of PM Atmanirbhar Swasth Bharat Yojana for improving healthcare infrastructure. 

  5. No change in Income tax slabs this year.

  6. Exemption for senior citizens from Income Tax returns. 

  7. Increase in customs duty on electronics, cars etc. These are aimed to reduce imports and promote indigenous products. Increase in customs duty on agricultural products as well. 

  8. Customs duty reduced on Shoes, Gold, Silver, Platinum, Iron and Copper. 

  9. MSP for agriculture to be at 1.5 times production cost. 

  10. A new portal for the unorganised sector.

  11. Privatisation of PSUs, as well as disinvestment. Aimed at growth and employment generation. 

  12. Support for Startups and Small business. Including tax holidays. 

  13. Reduction in spending for the Education Sector. 

  14. Introduction of Agricultural (AIDC) cess in Petrol and Diesel. Rs 2 and Rs 4 respectively. 

  15. Support for fisheries and Seaweed cultivation. 

  16. More fund allocation for metros across the country, including Phase 2 of Kochi Metro.

  17. Push for Road infrastructure in poll-bound states of Tamil Nadu, Kerala, Assam, West Bengal, etc.

  18. Increase in FDI Insurance from 49 to 74%. 

  19. Fitness test for vehicles over 20 years and new vehicle scrapping policy. 

  20. Listing of LIC IPO. 

Hope this list is helpful to you for understanding the crux of this budget. Let's hope that Indian economy will further improve in the coming months. 

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