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Kerala hosted the first Conclave of Finance Ministers to thrash out ways to secure from the 16th Finance Commission the fair demands of states suffering under what has been termed as the fiscal authoritarianism of the Centre.
To make up for the shortage caused by the growing proportion of cesses and surcharges, both the Kerala and TN finance ministers urged the 16th FC to scale up the share of states in devolution to 50%.
As per the notification on SPARK web page, salary processing for the month of August 2024 is stopped for the time being in order to enable the CMDRF Wayanad flood relief- salary challenge module.
Finance Minister KN Balagopal said the allocation was to prevent the steep rise in prices of essential commodities during Onam.
Nirmala closed Kerala’s account even after BJP opened it, he said.
Balagopal said that Kerala's debt is only 33.09% of the domestic product, contrary to claims that the state is in a debt trap.
The finance minister seemed more worried about his legacy than what he had termed the ruthless anti-federal ways of the Centre.
The finance minister said that since 2016, KIIFB has spent around Rs 30,000 crore on development of which about Rs 20,000 crore was spent during the second LDF government's tenure.
Finance Minister K N Balagopal wondered why the media in Kerala treated Rahul Gandhi's speech as they would deal with a major win in one-day cricket.
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