Kerala Budget 2018 HIGHLIGHTS: FM Thomas Issac announces tax on beer revised to 100%

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New Delhi | Updated: February 2, 2018 2:29:19 PM

The big question is - how will LDF tackle the plight of three lakh pensioners in Kerala Budget 2018? Catch all the LIVE updates about Kerala Budget 2018.

Kerala Budget 2018: Will Thomas Issac (In Pic) be able to win the confidence of the state's fishermen community that suffered considerably in the aftermath of Cyclone Ockhi?Kerala Budget 2018: Will Thomas Issac (In Pic) be able to win the confidence of the state’s fishermen community that suffered considerably in the aftermath of Cyclone Ockhi?

Kerala Budget 2018: A popular personality who wears many hats as a renowned economist as well as a key political figure Kerala, Finance Minister Thomas Issac presented the LDF government’s state budget earlier today. Kerala Budget 2018 comes at a critical time, given that the state has been reeling under a severe financial crisis and all eyes are on the state’s Finance Minister who is known to juggle numbers deftly and the biggest challenges is that of revenue generation, among others. Meanwhile, experts in the state indicated that based on Thomas Issac’s recent comments, he stayed focused on fiscal prudence and austerity measures. Interestingly, Kerala Budget 2018 will be the second full Budget to be presented before March 31 in the state. The objective is to give the departments enough time to spend the allocation and utilise it in project implementation.

Here are the HIGHLIGHTS of Kerala Budget 2018:

1.10 pm: 13.6% of budgetary allocation in Kerala Budget 2018-19 is for women

1.00 pm: FM Thomas Isaac raises tax slabs for liquor, BEVCO set to take over sales of foreign made liquor.

12.40 pm: Congress party leader Rajmohan Unnithan terms it a ‘literary’ Budget.

12.30 pm: FM Thomas Issac announces tax on beer revised to 100 per cent.

12.20 pm: Startup sector needs assistance of technical nature to scale up to the next level : Saji Gopinath, CEO Startup Mission

12.10 pm: BJP’s V Muralidharan says, “Thomas Isaac is only a dreamer. It doesn’t work out.”

12.00 pm: Rs 10 crore announced for Punnapra-Vayalar memorial

11.50 am: FM Thomas Issac announces Rs 10 crore for Transgender people

11.40 am: Kerala is No. 1 in economic achievements, says FM Thomas Issac

11.30 am:  Rs 16 crore for NRI returnees, says FM Thomas Issac.

11.15 am: FM Thomas Issac announces 24X7 helpline for pravasi Malayalis

11.13 am: FM Thomas Issac announces investor-friendly initiatives to encourage NRIs, offer support to those NRIs who return to the state in difficult circumstances.

11.08 am: AKG was a revolutionary, iconic figure and remains an evergreen hero and leader in our hearts – Memorial for AKG, Rs 10 crore allocation: FM Thomas Issac

11.05 am: Kerala has always encouraged open debates, culture of intolerance creeping up even during debates and seminars; Rs 50 lakh allotted for Festival of Ideas and other prestigious debates and seminars: FM Thomas Issac

11.00 am: Dam rehabilitation allotted 131 crore by Thomas Issac

10.58 am: Rs 80 crore announced for startup incubators by FM Thomas Issac

10.55 am: KSRTC revival a top priority in 2018-19, 1000 crore allocation for KSRTC, Justice Ramachandran Nair Commission recommendations to be followed by March 2018: FM Thomas Issac

10.50 am: Packages announced for damaged buildings to be repaired and completed in 5 years, 42 overbridges to be built.

10.45 am: Across sectors, Kerala’s Tourism Ministry has won over 9 prestigious Awards, says FM Thomas Issac

10.40 am: Rs 82 crore allotted for Kerala Tourism: FM Thomas Issac

10.35 am: Need to integrate common man into the culture of innovation and not keep it merely as a slogan, says FM Thomas Issac.

10.30 am: Rs 150 cr for handloom: FM Thomas Issac.

10.25 am: Rs 54.45 cr for cashew sector: FM Thomas Issac.

10.22 am: Rs 19 cr for Khadi sector: FM Thomas Issac

10.20 am: FM Thomas Issac fulfills promise of women-friendly budget, announces Rs 1267 crore for women-safety projects

10.09 am: Rs 40 crore assistance announced for special schools by FM Thomas Issac

10.05 am: FM Thomas Issac quotes popular writer KR Meera, announces Kudumbashree initiatives pertaining to microfinance, agro schemes, skills training initiatives, geriatric care executives, 20 books on Kudumbashree and more.

10.02 am: Special emolument announced for single mothers: FM Thomas Issac

10.00 am: Lawyers, judiciary, police are all stakeholders in ensuring women’s welfare, safety and should work together for initiatives such as crime mapping

9.58 am: Thomas Issac quotes writers Jaishree Mishra, Vijayalakshmi, women-friendly allocations announced, hits out at issues related to gender justice.

9.56 am: Kerala’s public health services allocated Rs 1685 crore: FM Thomas Issac

9.55 am: Uber-type ambulance services to be introduced across state: FM Thomas Issac

9.53 am: Oncology departments to be set up in all medical colleges: FM Thomas Issac

9.52 am: Now FM Thomas Issac quotes writer Savitri Rajeev on life after retirement from work

9.51 am: FM Issac Thomas quotes writer Indu Menon on education

9.50 am: Rs 31 crore announced to implement food security plan by FM Thomas Issac.

9.50 am: Digitilisation will transform Kerala’s schools: FM Thomas Issac

9.49 am: Masterplan for boosting education standards with focus on technology integration between schools, high tech labs and smart classes: FM Thomas Issac

9.48 am: Rs 18 crore for poultry farming: Thomas Issac.

9.47 am: RCC standard cancer center in Kochi: FM Thomas Issac.

9.45 am: FM Thomas Issac quotes popular writer B. M. Suhara on healthcare

9.42 am: LDF committed to strengthening the healthcare system, best doctors, personnel and starting Medical Colleges which have Oncology Departments: FM Thomas Issac

9.40 am: Cardiology centres, trauma care centres and dialysis units in Taluk hospitals to help poor patients: FM Thomas Issac

9.37 am: Many challenges in healthcare due to rise of cancer cases and other life-threatening illnesses and families are struggling to handle the expenses: FM

9.35 am: Today we enjoy different tastes, different lifestyles: FM Thomas Issac

9.32 am: FM Thomas Issac quotes iconic writer Lalithambika Antharjanam on poverty

9.30 am: At one time, Malayalis enjoyed ”kappa” and fish, but now our living styles have changed: FM

9.25 am: Pro-poor policies will continue to ensure good quality of living: FM

9.20 am: Demonetisation was an ‘Ockhi’ (cyclone) on the economy. End consumers are not getting the actual benefits of GST as corporates are making the most out of this: Kerala Finance Minister Thomas Isaac

9.18 am: Communalism mentioned in Thomas Isaac’s Budget speech.

9.17 am: Visual from Kerala Assembly.

Communalism mentioned in Thomas Isaac's Budget speech.Communalism mentioned in Thomas Isaac’s Budget speech.

9.16 am: All schools in coastal areas will be modernized, Rs 584 crore loan for the redevelopment of fishing harbors

9.15 am: Centre’s GST and other policies adversely affected state’s development, says FM Thomas Issac.

9.12 am: Rs 900 crore investment in coastal areas via KIIFB will be done says FM Thomas Issac.

9.10 am: Thomas Issac announced Rs 100 crore for detailed project report on coastal package.

9.09 am: 100 free WiFi hotspots to be developed in Kerala: FM Thomas Issac

9.09 am: Another laudable statement was made by FM Thomas Issac was Rs 100 crore is kept for satellite network for coastal security.

9.08 am: Rs 2,000 crore package for coastal areas: FM

9.07 am: The Finance Minister Thomas Issac paid tribute to victims of Cyclone Ockhi.

9.05 AM: Rs 10 crore for detailed project report on coastal package: FM

9.01 AM: Thomas Isaac starts with criticizing the Center and right-wing elements.

9.00 AM: Thomas Isaac, his colleagues and other members of the house reach at Kerala Assembly.

8.55 am: Chief Minister Pinarayi Vijayan reaches Kerala Assembly

8.50 am: The budget presentation to begin soon.

8.45 am: Finance Minister Thomas Isaac reaches Kerala Assembly.

8.25 am: Union Finance Minister Arun Jaitley had presented the Union Budget 2018 yesterday. Check all details here.

8.20 am: Thomas Isaac has been staying in government guest house at Vizhinjam for the preparation of the budget for the past one week. Issac will leave for Assembly shortly.

8.15 AM: Have presented 8 Budgets, 9th Budget most challenging, says FM Thomas Issac.

8.10 AM: Financial security keystone of this budget, says FM Thomas Issac to media persons.

8.07 AM: Will present a Budget that will make people compare with Union Budget, says FM Thomas Issac.

8.05 AM: This will be a women-friendly Budget, says FM Thomas Issac to media persons.

8.02 AM: Kerala is facing several financial challenges, that is a fact and I have never tried to hide this; FM Thomas Issac addressing reporters.

8.00 AM: This will be common man’s Budget, says FM Thomas Issac

7.50 AM: The Union Budget seeks to punish states, says FM Issac

7.45 AM: The Union Budget is like switching the swelling on one leg to the other leg, says FM Thomas Issac to media reporters.

7.36 AM: Union Budget’s fiscal deficit statement most disappointing, says FM Thomas Issac.

7.35 AM: Not hidden the financial crisis that the state is facing, says FM Thomas Issac to media.

7.30 AM: Budget presentation is expected to last for 2 hours, according to sources from Finance Minister Thomas Issac’s residence

7.21 AM: No major announcements expected as the state is facing a severe fiscal crisis, according to news reports in Kerala.

7. 25 AM: Revival of KSRTC a key issue in the state

7. 20 AM: Local news reports say that Thomas Issac will present the budget at 9 AM.

7. 13 AM:  Budget papers are at Manmohan Bungalow, the residence of Finance Minister Thomas Issac.

7.00 AM: ”As a leader, Oommen Chandy considered the requirements of the people of Kerala, protected their interests and presented people-friendly Budgets. That is not the case with this leadership. Thomas Issac had pinned all his hopes on GST, that is why I call him as ”junior Jaitley”, people of Kerala have no hopes from this Budget in the state, says Congress MLA Anil Akkara speaking on a panel on Manorama TV news discussion. He further stated that the Kerala Govt is likely to increase the age of pensioners.

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