Petrol, Diesel Prices Hiked By Rs 2 Per Litre in Kerala. Check New Rates, Key Highlights of State Budget 2023 Here
Petrol, Diesel Prices Hiked By Rs 2 Per Litre in Kerala. Check New Rates, Key Highlights of State Budget 2023 Here
Kerala Budget 2023: According to the state finance minister, Rs 1000 crore will be allocated for the 'Make in Kerala' during the project period and Rs 100 crore has been earmarked for next year.
Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out of GST.
Petrol, Diesel Prices Latest Update: Petrol and diesel prices were hiked by Rs 2 per litre in Kerala on Friday. This was announced by Kerala Finance Minister KN Balagopalduring the state budget presentation for 2022-23 financial year in the legislative assembly. As of Friday, 1 litre of petrol costs Rs 107.71 and a litre of diesel costs Rs 96.52 in the state capital Thiruvananthapuram.
The minister announced a hike of Rs 2 per litre in petrol, diesel prices and said that the Centre’s assistance to the state has been reduced and a financial crunch is expected this year.
He further announced that Rs 2,000 has been allocated by the state government to check inflation.
Highlights of the Kerala Budget 2023:
The state government has allocated Rs 3400 crore to the KSRTC.
A special Research and Development budget as part of the thrust has been allocated towards creating knowledge economy.
The finance minister said Kerala has been making efforts to retain the youth in the State and minimise their migration to other countries.
“Young people going abroad for education and employment and settle abroad. This requires central expression schemes. The government spends ₹50,000 per student per year. Second-generation development activities require the State government will make youth to stay in the state by creating better living facilities and new job opportunities,” the minister said.
He added that setting up a digital Science Park in Technopark in the state capital Thiruvananthapuram will be over by May and said that construction of an IT park in Kannur will begin this year.
According to the finance minister, Rs 1000 crore will be allocated for the ‘Make in Kerala’ during the project period and Rs 100 crore has been earmarked for next year.
Rs 300 crore has been allocated for waterway development and Rs 133 crore has been allocated for the development of 1933 km of highways in Kerala.
Rs 10 crore has been allocated for implementing work from the home model in the tourism sector.
The finance minister said state the government has identified 64,006 extremely poor families in the state and the government has prioritised poverty eradication in the budget.
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