- Overall deficit: Rs. 711.38 cr.
- Additional Resource Mobilisation: Rs. 805 cr.
- Additional expenditure announced: Rs. 730.10 cr. Concessions: Rs. 5 cr.
- Cumulative deficit: Rs. 746.69 cr.
- 5% tax on coconut oil to check smuggling of spurious oil
- 5 % tax on packaged wheat products and basmati rice
- Fat tax of 14.5 per cent on burger, pizza, tacos, doughnuts,sandwich,burger-patty and pasta, bread fillings and other cooked food of branded restaurants
- Value added tax on textiles increased from one to 2%
- Stamp duty on sale deeds increased from 6% to 8%
- Duty on partition, gift,release and settlement deeds increased to 3%
- Ceiling on stamp duty and registration fees lifted
- CPWD norms would be invoked for fixing the value flats for registration.
- 5% tax on washing and bar soaps claimed to be made from coconut oil
- 20% tax on disposable plastic tumblers
Tax on vehicles:
- 10% hike in tax on goods vehicles
- Tax on contract carriages registered in Kerala and other States unified
- Floor area will be adopted as norm for fixing tax on stage carriages
- Vehicles used for mobile business to attract special tax
- Green tax on vehicles older than 15 years
- Rs. 7 cr to be netted by tax on old vehicles
- Fee for transit pass raised to Rs. 250
- Tax on scrap batteries reduced to 5%
- Municipal plastic waste exempted from tax
- Tax concession on sale/transfer of rights of films restored
- Luxury tax on hotels reduced
- Rs. 12000 cr. package to overcome economic slump--
- Free treatment under Karunya scheme to be made a matter of right
- All workers to get pension. Pensions to be hiked to Rs. 1000 a month
- Pension for artists to be raised to Rs. 1500 a month
- Women abandoned by husbands for five years to get pension
- Plan for housing for all in five years. EMS housing project to be completed.
- Pre-metric hostels to be modernised
- Rs. 500 cr for price stabilisation fund for rubber
- Support price for coconut to be hiked from Rs. 25 to Rs. 27
- Rs. 25 crore for vegetable farming
- Rs. 200 crore for building pulimuts
- 1000 schools to be developed to international standards in 5 years
- Rs. 500 cr converting high school and plus two classes to hightech classes
- Rs. 50 crore for polytechnics
- Water Authority to break even without increasing water charges:
- Steps to stop leakage of water and revenue: Arrears to Govt to be written off
- Rs. 1000 crore for medical colleges, general hospitals and taluk hospitals (from package)
- Rs. 5000 cr. for roads and bridges from package
- Drugs manufacturing company to be set up under KSDP
- 1000 CNG buses to be brought for Ernakulam
- Special fund for promoting LED lights
- 1000 MW solar energy generation targeted from roof top panels
- Rs. 8000 cr for land acquisition for various projects
- Ropeway to Ponmudi tourist destination
- Kochi-Coimbatore industrial corridor: 1500 acres to be acquired
- 5100 acres to be acquired for five multi-purpose industrial zones
- Pension for transgenders aged above 60 years
- 10 per cent of plan funds to be set apart for project for women
- Gender auditing to be resumed
- Rs. 50 crore for fresh up centres (public comfort stations)
- Real time uploading of bills issued by traders with turnover of more than Rs. 5 cr
- Merchants welfare fund to be streamlined with increase in benefits
- Rs. 20 cr. for welfare fund for migrant labourers
Carbon neutral Wayanad
- Revised Kerala Budget for 2016-17 seeks achieve carbon neutrality in Wayanad district, starting with Meenangadi Panchayat.
- The plan envisages estimation and reduction of carbon emissions and neutralisation by planting trees. A project has been submitted to NABARD for assistance.
Law on migrant labourers
- Finance Minister T. M. Thomas Isaac announced in his Budget speech that a law would be brought on migrant labourers on the lines of the Central law.
- It would focus on their welfare more than regulation, he said. Rs. 20 cr. is earmarked for their welfare.
- Government will carry out a special programme to make free wifi available in bus stands, railway stations and parks.
- All first grade libraries in the State too would be covered under the scheme.
Total receipts: Rs. 107285.21 cr.
Total expenditure: Rs. 107996.60 cr.
Revenue receipts: Rs. 84616.85 cr.
Revenue expenditure: Rs. 97683.10 cr.
Revenue deficit: Rs. 13066.25 (1.98%) cr.
Capital expenditure: Rs. 9572.92 cr.
Fiscal deficit: Rs. 23139.89 cr. (3.51%)
Primary deficit: 1.59 per cent