Rs 200 cr earmarked for universities from KIIFB

Kerala university. Photo: Mathrubhumi Archives

Thiruvananthapuram: 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.

Taking a dig at the central government, he noted that GST reforms affected the state. Rs 2 cr will be allotted for conducting global peace seminar, he said.

Kerala recorded a 14.5 per cent hike in GST collection. Rs 2000 cr will be allotted to curb the price hike and ensure food safety. Availability of daily essential products will be assured, informed the minister.

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