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The focus will be on turning the tourist spots of Kovalam, Alappuzha, Kumarakom, Kuttanad, Kollam Ashtamudi, Beypore, Bekal, and Munnar into experiential tourist spots.
The budget projects a revenue receipt of Rs 1.35 lakh crore and a revenue expenditure of Rs 1.76 lakh crore. Revenue deficits of Rs 23,942 crore (2.1 per cent of GSDP). Fiscal deficit of Rs 39,662 crore (3.5 per cent of GSDP).
Rubber occupies a significant percentage of the gross cropped area (21.8%)
The Pakistani rupee depreciated by Rs 2.52 to settle at Rs 271.35 at the close of the day.
Nirmala Sitharaman’s 2023 Budget is a classic structuralist Budget.
Real GDP growth is expected at 6.5 per cent and the government expects to borrow a record Rs 15.4 lakh crore to bridge the revenue gap.
Stating that the proposals in the Budget were not beneficial for people at the grassroots level, Balagopal flagged the drastic cuts in allocations for major schemes.
A brief status check of some of the key budget announcements made during the tenures of the first and the second Pinarayi Vijayan-led governments.
The author offers two perspectives to view a budget – a narrow accounting one and a broader economic one.
The move comes following the assessment that there is an urgent need to spend more on the manufacturing sector than the infrastructure and welfare sectors.