Kerala Budget Highlights

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