40% of the Kerala’s budget is given
Answers
Answer:
Kerala Infrastructure Investment Fund Board (KIIFB): Proposals amounting to Rs 20,000 crore (37%) out of around Rs 54,000 crore under KIIFB have been sanctioned.
Healthcare: Resources for the Comprehensive Health Care Scheme of the government will be mobilised through Kerala Lottery. Rs 1,686 crore will be spent on public health services.
Disaster Management: In light of cyclone Ockhi, a comprehensive coastal development package worth Rs 2,000 crore has been announced. For adoption of protective measures along the coastal belt of the state, Rs 300 crore has been sanctioned from KIIFB.
Registration and Stamp Duty: A stamp duty of Rs 1,000, or 0.25% of the sale value, whichever is higher, will be charged. Rate of land tax will be modified. Existing fair value of land will be increased by 10%.
Transport: Kerala State Road Transport Corporation will be revived. Loans amounting to Rs 3,500 crore will be made available at low interest rates. Funds will be made available to purchase 2,000 new buses.
Drinking Water: A Water Authority Innovation Zone will be started to address issues of distribution of drinking water and waste water treatment. Revamping of the Kerala Water Authority will be undertaken.
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