Kerala budget emphasis on rebuild Kerala initiative

INDIAN FLASH NEWS SERVICE

By Anupama Vimal

Thiruvananthapuram: Kerala Finance Minister T M Thomas Issac on Thursday presented the Budget in the Assembly, focussing on rebuilding the flood devastated state and many more welfare developments.

Starting his budget speech referring to the flood that devastated the state in August 2018, he said that rehabilitation activities were implemented in a great manner with the common man, fish workers, Non-Resident Indians, youth and officials joining hands. He said that the coming days are that of reconstruction and added that twenty five new projects has been envisaged for future Kerala, which will be joint programme that goes along with ‘Rebuild Kerala’ initiative.
Stating that Rs 1,000 crore has been earmarked for Rebuild Kerala in plan, he said that the state has got about Rs 3229 crore as donations to the CMDRF for flood relief.
Thomas Issac also lashed out against the Centre, stating that the Union Government was conducive to the recovery of the state. Though the Centre had sanctioned more than Rs 3,000 crore from NDRF, he said that the Centre had only a negative approach in permitting the state to avail assistance from friendly nations. Moreover, he said that the request to enhance annual borrowing limit has not been accorded sanction.

Some of the highlights of the budget:

# 600 acres belonging to FACT to be acquired for petro chemical park
# Rs 230 crore for Meds Park to be established jointly by Sri Chithira Thirunal Institute and KSIDC
Rs.20 crore for starting Rice Parks
Rs S00 crore for Kuttanad Package
Rs. 1 ,000 crore for development works in coastal areas.
Rs. 527 crore for large\ medium scale industries
Total plan outlay for energy sector – Rs. 1781 crore
Rs.132 crore for developing facilities at tourist centres.
Kerala Tourism Entrepreneurship Fund
Rs 739 crore development works for Sabarimala

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