Developmental Highlights

Financial Proposals

Emphasis on Housing, Education (Rs. 4000 cr.) Crticises centre for not raising borrowing limit in view of flood New government needed at Centre to ease situation. Sabarimala agitation was second disaster after the floods Study centre and museum on renaissance Rs. 250 cr for flood affected panchayats Rs. 1000 for rebuild Kerala initiative 1200+ plan schemes Industries Park and large investments-- 15600 cr outlay Ring road near Vizhinjam Petrochemical Park at Kochi Land bonds and land pooling for industrial development Ayyankali Employment Guarantee Programme- Rs. 75 cr. Rs. 700 cr for start-ups Branched sale of Wayanad coffee to improve earning of cultivators 10 crore for pepper development in Wayanad Carbon neutral coffee production in Wayanad Townships in Kochi on Amaravati model Keragraman scheme for coconut cultivation Rice park and rubber park of international standard. Rs. 500 crore for support price for rubber New Kuttanad Package-- region to be cleaned up-- Rs. 500 cr. New duck breeding farm in Kuttanad AC Road to be re-constructed Life Science Park- Rs. 20 cr. Rs. 1000 cr to be spent for coastal areas-- Ochi package to be enlarged. Housing scheme for fishermen New Port at Pozhiyur Boat building yard at Kollam 20 PSUs to turn around. Rs. 900 cr for taluk hospitals LED bulbs for all houses through kudumbasree Vehicle tax concession for electric vehicles Factories for building electric vehicles KSTRC to run TVM city buses using electric buses Bakel - Vizhinjam waterway to be ready by 2020 Spices route project to be expanded Rs. 1367 cr for public works North-South parallel rail line NORKA to meet expenses for transport of dead bodies of Keralites from Gulf Kerala Bank, first scheduled bank in the cooperative sector, to start functioning in 2019 Rs. 20 cr for hunger free Kerala Rs. 1420 for women empowerment Micro industrial units under Kudumbasree for selected products Bank loans to 6500 neighbourhood groups Life Mission third stage -1290 cr Rs. 292 cr for high tech classrooms sanctioned by KIIFB Comprehensive Health Insurance Scheme announced-- Rs. 1 lakh coverage. Govt. to provide assistance of up to Rs. 5 lakh for those requiring costly treatment. Trauma care in all hospitals Rs. 35 crore for academic excellence. Rs. 2500 cr for agriculture Sports Park -- Rs. 7 cr. Opening closed cashew factories-- aid for loan restructuring. Welfare pensions to be hiked by Rs. 100 to Rs. 1200 a month 100 new BUDS schools to be started Rs. 20 cr more for endosulfan victims Rs. 147.5 cr schemes for Sabarimala base camps Rs. 629 cr for roads to Sabarimala Rs. 100 cr for Travancore Devaswom Board. Wayanad-Bandhipur high way-- 50% of cost to be met by Kerala Rs. 1000 cr. for KSRTC Welfare Fund for workers of employment guarantee scheme Rs. 91 cr. for Kasaragod package. State Finance Commission to be named shortly. KFC to raise Rs. 500 cr. from market Pay revision arrears to be paid in two installments in cash

All commodities with GST rates of 12% and above to attract 1% flood cess for two years 0.25 percent cess on gold, silver and platinum for two years Small dealers who have availed composition tax will be excluded from levy of cess. 2% hike in tax on first sale of beer, wine Local bodies allowed to collect 10% luxury tax on cinema tickets and other entertainment Onetime tax on new motor cycles, motor cars and private service vehicles used for private purpose increased by 1%. 50% concession on tax for five years to newly registered e-Rickshaws, 25% concession for other electric vehicles. Five per cent hike in fees and charges on Govt services Fee on appeals to Revenue Department raised to Rs. 20 Stamp duty for agreements relating to deposit of title deeds  reduced from 0.50% to 0.10% with a maximum ceiling of Rs. 10,000 and stamp duty for release deeds for such mortgages shall be reduced to 0.10% with an upper limit of Rs. 1000/- Stamp duty for agreements for the purpose of land development between the landlord and builder will be reduced to 1% from 8%, with an upper limit of Rs. 1000/- Existing fair value will be increased by 10% to realise addl revenue of Rs. 400 cr The luxury tax rate for residential buildings will be revised on the basis of plinth area. i) 3000 to 5000 sq. ft. - Rs.4,000/- ii) 5001 to 7500 sq. ft. - Rs.6,000/- iii) 7501 to 10000 sq. ft. - Rs.8,000/- iv) Above 10000 sq. ft . - Rs.10,000/- e-Stamping expanded and court fees included within the ambit of e-Stamping Maximum rate of interest chargeable by a money lender fixed at 18%. Revenue deficit to be reduced to 1% and fiscal deficit to 3% Automatic number plate detection for ensuring tax payment Tax Department to be restructured Tax Intelligence wing to be strengthened Compounding for service providers at 6 per cent Additional Expenditure announced: Rs. 1410.63 cr Tax Relaxation: Rs. 300 cr Additional resource mobilisation: Rs. 1785.00 cr Cumulative Deficit at the end of the year: Rs. 431.43 cr