Thursday, March 30, 2023

Kerala: Youth Congress Workers Burn State Budget Papers as Protest Against ‘Tax Terrorism’ | India News

Thiruvananthapuram: Youth Congress workers burnt the Kerala budget papers as a protest against the Pinarayi Vijayan government’s State Budget on Friday (February 3). BJP Yuva Morcha was also staging protests against the Kerala government’s budget outside the Kerala secretariat in Thiruvananthapuram. Opposition parties have raised several objections to the Pinarayi Vijayan government’s State Budget announcement and termed it as “tax terrorism”.

Leader of Opposition in Kerala Legislative Assembly VD Satheesan, said, “Imposing numerous taxes, the government is trying to introduce tax terrorism in the state. We are already facing a debt situation and the government is now imposing more taxes on the common man. These Tax hikes have been in effect for the last six years. A new burden of Rs 4,000 crore in taxation is being put on the people.”

He argued that despite inflation, the state government is trying to increase the tax even for petrol and diesel.

“While we are fighting against the central government for the fuel price hike, the state government is adding more cess and burden to the lives of the people in Kerala. The fair value increased by 20 per cent and the motor vehicle tax is also increased. Wherever they can make new taxation, they had done it. But the fiscal situation is very vulnerable,” he said.

Kerala Finance Minister KN Balagopal on Friday presented the budget for the 2022-23 financial year in the legislative assembly. This Budget marks the third by Balagopal after he took over as the state`s Finance Minister.

The Budget allocated Rs 2,000 crore to check inflation. Despite being a consumerist state, Kerala was able to control price hikes and the state witnessed the lowest price rise in the country, Balagopal said.

Petrol and diesel prices will be increased by Rs 2 per liter in Kerala, said the finance minister.

The minister said that the Centre’s assistance to the state has been reduced and a financial crunch is expected this year.

The finance minister further said though the State government is facing challenges due to the Central government’s financial policies, Kerala is not in debt and that State has the financial position to take more loans.

The budget allocated Rs 3,400 crore to the Kerala State Road Transport Corporation (KSRTC).

The Finance Minister announced a special Research and Development budget as part of the thrust towards creating a knowledge economy. Balagopal said the State has been making efforts to retain the youth in the State and minimize their migration to other countries.

The minister said that Rs 1,000 crore will be allocated for the `Make in Kerala` during the project period. Moreover, Rs 100 crore has been earmarked for next year.

The State budget allocated Rs 300 crore for waterway development and Rs 133 crore has been allocated for the development of 1,933 km of highways in Kerala. Further, Rs 10 crore has been allocated for implementing `work from home` model in the tourism sector.

The cess at the rate of Rs 20 for one liter of Indian-made Foreign Liquor (IMFL), priced between Rs 500 to Rs 999 and Rs 40 on IMFL priced above Rs 1,000.

Balagopal said that the government has identified 64,006 extremely poor families in the state and the government has prioritized poverty eradication in the budget.

On Thursday Balagopal presented the pre-budget economic survey for FY 2021-2022 in the state assembly.

(With ANI inputs)


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