Thiruvananthapuram, June 19 (IANS) After more than two-and-a-half decades as a legislator, Kerala Chief Minister V.D. Satheesan presented his maiden Budget on Friday.With the presentation of the revised State Budget for 2026-27, CM Satheesan also entered the rare list of Kerala Chief Ministers who have presented a Budget while in office, a distinction earlier held only by R. Sankar and Oommen Chandy.Beginning his speech with figures from the White Paper on Kerala’s financial position, CM Sathe…
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Thiruvananthapuram, June 19 (IANS) Kerala Chief Minister V.D. Satheesan presented his maiden state Budget on Friday, marking a significant milestone in his over two-and-a-half-decade-long legislative career.Satheesan, who became a minister for the first time after assuming the Chief Minister’s office, also took charge of the Finance portfolio and presented the revised Budget for 2026-27 in the Assembly.With this, Satheesan has joined the rare list of Chief Ministers who have presented a Budget…
Thiruvananthapuram, June 4 (IANS) Kerala BJP has blamed both the Left Democratic Front (LDF) and United Democratic Front (UDF) for pushing the state into a severe financial crisis, alleging that successive governments have failed to address structural issues in the state’s economy despite repeatedly bringing out White Papers on the fiscal situation.BJP state president and MLA Rajeev Chandrasekhar said the economic weakness of Kerala was the result of a decade of financial mismanagement under the…
Thiruvananthapuram, June 4 (IANS) Presenting a grim picture of Kerala’s financial position, Chief Minister V.D. Satheesan on Thursday said the state was facing a severe fiscal challenge due to absolute mismanagement of public finances and warned that the new government would have to undertake major corrective measures to restore stability.Tabling a White Paper on the financial status of the state in the Assembly, Satheesan later told the media that the document was not an investigation report …
Thiruvananthapuram, June 4 (IANS) Kerala’s new government has inherited a severe financial challenge, with the state facing outstanding liabilities of Rs 5.07 lakh crore, committed expenditure eating up 77 per cent of total revenue receipts, and interest payments alone consuming nearly 21 per cent of revenue, according to the White Paper on the state’s finances tabled in the Assembly on Thursday.The Status Report on Kerala’s fiscal health, presented by Chief Minister V.D. Satheesan, said t…
Thiruvananthapuram, June 1 (IANS) In one of the most significant administrative reforms undertaken by the newly elected UDF government, Chief Minister V.D. Satheesan has initiated a comprehensive restructuring of the Kerala Infrastructure Investment Fund Board (KIIFB), signalling a decisive shift in the functioning of the state’s premier infrastructure financing agency.Even though it’s just two weeks since taking over, he has held two special meetings on the working and functioning of KIIFB.Th…
New Delhi, May 26 (IANS) Kerala Chief Minister V.D. Satheesan on Tuesday made his first official visit to New Delhi after assuming office, holding crucial discussions with Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman on the state’s worsening financial condition, pending projects and the state’s future development roadmap. Addressing the media after the meetings, Satheesan said the Centre was briefed about Kerala’s priorities and the need for support for the state’s …
Thiruvananthapuram, Feb 17 (IANS) Congress Working Committee member and senior legislator Ramesh Chennithala on Tuesday intensified his criticism of the Kerala Infrastructure Investment Fund Board (KIIFB), alleging that crores of rupees were being diverted under the guise of advertisements to serve the government’s election campaign. Responding to a clarification issued by the KIIFB CEO after his earlier press conference, Chennithala dismissed the explanation as “misleading” and disconnect…
Kozhikode, Feb 7 (IANS) Chief Minister Pinarayi Vijayan on Saturday said that the establishment of the Kerala Institute of Organ Transplantation represents one of the state’s most exemplary interventions in the healthcare sector.He was laying the foundation stone for the “first dedicated “organ transplant hospital, being set up at Chevayur in Kozhikode under the Health Department.The institute is being established with state-of-the-art facilities to bring all activities related to organ transpla…
Thiruvananthapuram Jan 29 (IANS) Kerala’s financial position has shown significant improvement, Finance Minister K.N. Balagopal said on Thursday, noting that while funds due from the Centre are yet to be received, the state has been able to manage its finances in a manner that allows it to move forward.A postgraduate in Commerce and a first-time legislator, Balagopal, 63, presented his sixth straight budget.After presenting the budget, he later told the media that as improvements in infrastruc…