Kerala Budget Highlights: FM promises to build a new Kerala; allots Rs 2000 cr for price control

Kerala assembly | File photo: Mathrubhumi

Thiruvananthapuram: Finance Minister KN Balagopal has announced major proposals to rebuild a new Kerala while presenting the annual budget here on Friday. It is the first full budget and the second budget of the second Pinarayi Vijayan Ministry.

The minister informed that Rs 2000 cr will be raised to control price hike of basic commodities and ensure food safety.The budget focuses on development of Kerala within 25 years.

Finance Minister KN Balagopal, in the first complete budget of the second Pinarayi Vijayan government, announced that Rs 200 cr will be granted to universities in the state from KIIFB. Each university will get Rs 20 cr.

A total of 1500 hostel rooms, including 250 international hostel rooms, will be established in the universities. Rs 100 cr will be granted for this purpose through KIIFB. Translation lab and incubation centres will also be established in universities.

In the budget speech, the minister pointed out that Kerala has survived the hurdles posed by COVID crisis. He also hinted that the Russia-Ukraine war is likely to influence the economy. The new budget aims to rebuild a new Kerala.

Four IT corridors will be established in Kerala, informed finance minister KN Balagopal while presenting the state budget here on Friday. He also announced that a new IT park will be opened in Kannur.

“Rs 100 cr will be granted to carry out land acquisition for IT parks. Existing IT parks, techno parks and techno cities will be renovated. IT corridors will be opened on NH 66,” informed the minister.

Add Comment
Related Topics

Get daily updates from

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.