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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News Capsule for the Week- July (1st-10th)

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Following are the top news for the week. 

Credits- PxFuel 

Kerala 

  • Kitex, the popular Garments company, decides to leave Kerala and abandon the Massive infrastructure project. The company received an official invite from Govt. of Telangana. 
  • Kerala reports the majority of the COVID-19 cases in the country. 
  • State's first Zika Virus case reported in Capital- Trivandrum. Over 15 cases were reported from the city limits. 
  • Supreme Court refrains from dropping Kerala Assembly 2016 ruckus case. 

India 

  • Legendary Actor Dilip Kumar passes away.  
  • Himachal Pradesh ex-CM Veerbhadra sing passes away. 
  • 84-year-old Tribal Activist Stan Swamy passed away this week. He was arrested with UAPA charges and kept in Jail for more than a year. 
  • PM Modi wishes Tibet's Dalai Lama for the first time in public. This move indicates a strategic shift amidst India's rift with China. 
  • Kappa variant of COVID-19 variant is reported in UP. 
  • Authorities in France initiated a judicial probe into allegations of corruption in the sale of Rafale aircraft to India. 
  • Modi Govt. completed shuffling of its cabinet and appointment of new portfolios.  The New cabinet has included a lot of women, youth etc. uniformly from poll-bound states showing both short and long-term strategies.

    Check the Full list of new ministers. 

World/International

  • Haiti President Jovenal Moise is assassinated. 
  • US troops leave Bagram Air Base without any prior notice. Taliban gains ground to fill the vacuum.  
  • Tokyo Olympics to be conducted without audience or fans in the gallery.
  • Face Masks And Social Distancing Scrapped in the UK.  
  • Chinese Communist Party (CCP) celebrated its centenary on July 1st. 
  • Lambda variant of COVID-19 is expected to be the strongest yet as per the Malaysian Govt. 
  • Jeff Bezos became the richest person again.
  • Ever Given Ship leaves the Suez Canal after paying fines and dues. 
  • The USA celebrated its Independence Day on July 4th. It missed its vaccination target which was fixed at 70%. 
  • Eric Adams wins NYC Democratic Mayoral Primary Elections for this year. He will be the candidate who will compete with GOP's Curtis Silwa for becoming the Mayor of New York City. 

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Also, you can check out these books on Amazon. 


Hope this weekly news capsule has in a way be useful to you all. 

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