Thiruvananthapuram, July 27 (IANS) With Kerala’s finances continuing to remain under strain, the Finance Department has directed all government departments to strictly rein in expenditure while preparing Budget Estimates for the next financial year, underscoring that the State’s fiscal position has shown little sign of improvement despite a change in government.In a circular issued as part of the Budget preparation process, departments have been instructed not to increase expenditure and ensure …
Latest White Paper News & Updates
Chennai, July 21 (IANS) The Tamil Nadu government will present its first full financial road map since the change of regime when Finance Minister N. Marie Wilson tables the revised Budget for the 2026-27 financial year in the State Assembly on August 5. The announcement was made on Tuesday by Assembly Speaker J.C.D. Prabhakar. According to the Speaker, the Budget will be presented at 10 a.m. on August 5, while the Agriculture Budget will be introduced a day later, on August 6, by Agriculture Min…
Chennai, June 19 (IANS) K. Annamalai on Friday said the White Paper released by the TVK government on Tamil Nadu’s finances has laid bare the extent of fiscal deterioration over the past five years and underscored the need for immediate corrective measures to restore the state’s financial health.In a statement issued after reviewing the document, Annamalai said the findings contained in the White Paper came as no surprise, as many of the issues highlighted have already been known to economis…
New Delhi/Bhopal, June 5 (IANS) Citing ‘growing anxiety’ among lakhs of students after the cancellation of NEET-UG 2026, senior Congress leader Digvijaya Singh has requested Prime Minister Narendra Modi to release a comprehensive ‘White Paper’ on paper leaks and irregularities in NTA-conducted examinations. In a letter to the Prime Minister, Digvijaya Singh, who is the Chairman of the Parliamentary Standing Committee on Education, Women, Children, Youth & Sports, noted that the absen…
Thiruvananthapuram, June 5 (IANS) The first Budget of the new Kerala government, to be presented by Chief Minister and Finance Minister V.D. Satheesan on June 19, is expected to focus on a major course correction for Kerala’s finances after a White Paper exposed serious gaps between earlier budget projections and the state’s actual fiscal position. With the government facing an estimated shortfall of nearly Rs 20,500 crore in Central fund transfers this financial year, CM Satheesan’s maide…
Kochi, June 5 (IANS) Kerala could face a fiscal shortfall of nearly Rs 20,500 crore in the current financial year after the revenue deficit grants projected in the state’s 2026-27 Interim Budget failed to materialise, Chief Minister V. D. Satheesan has said.In a post on X on Thursday, Satheesan criticised the 2026-27 Interim Budget presented by the previous Left Democratic Front (LDF) government in the state, alleging that it was based on flawed assumptions regarding central transfers.According …
Thiruvananthapuram, June 4 (IANS) The Kerala Infrastructure Investment Fund Board (KIIFB), once projected as the state’s alternative engine for infrastructure development, has come under sharp scrutiny in the White Paper on the state’s finances, with the document raising serious concerns over its debt burden, borrowing costs and project priorities.The White Paper, tabled in the Assembly by Chief Minister V.D. Satheesan, states that the KIIFB was created with the primary objective of mobilisi…
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) A sharp exchange erupted between Chief Minister V.D. Satheesan and Opposition leader Pinarayi Vijayan in the Assembly on Thursday over the preparation of the White Paper on Kerala’s financial position.The confrontation began after Vijayan alleged that the White Paper was not prepared by the Finance Department and was a political document.His remarks came after CM Satheesan said that several previous White Papers had also carried political dimensions.Vijayan sa…