Thiruvananthapuram, Jan 31 (PTI): Movie tickets and beer and wine prices are to be hiked and a ‘flood cess’ slapped in cash-strapped Kerala as the CPI(M)-led LDF overnment presented its first post-flood budget Thursday in an effort to mobilise additional resources to rebuild the state.Also Read - Kerala, Rajasthan Trim Tax On Petrol, Diesel After Centre Slashes Excise Duty. Check Latest Rates HERE
As the southern state faced a severe financial crunch, finance Minister T M Thomas Isaac presented the budgetary proposals for the 2019-20 fiscal, giving thrust to a massive rebuilding exercise. Also Read - After Centre's Fuel Price Cut, Kerala Reduces State Tax on Petrol And Diesel by THIS Much
He proposed 25 new projects to resurrect Kerala after the devastation caused by the deadliest flood of the century last August. Also Read - What Will Be The Prices Of Petrol, Diesel In Delhi, Mumbai, Other Cities After Reduction in Excise Duty
“This is a budget for creating a new Kerala,” Isaac said stating that Rs 1,000 crore has been earmarked for the ‘Rebuild Kerala’ initiative in the plan.
This is published unedited from the PTI feed.