Thiruvananthapuram: Kerala Finance Minister K. N. Balagopal has sounded a warning that states may face a “demonetisation-style fallout” if the Centre proceeds with restructuring the Goods and Services Tax (GST) system without ensuring compensation. Minister cautioned that such a move, without adequate safeguards, could place severe financial strain on state economies. Balagopal urged the Union Read More…
Kerala Finance Minister K. N. Balagopal has raised serious concerns over the impact of the proposed GST reforms on state finances, warning that the changes could push Kerala into a severe fiscal crisis unless protective measures are introduced. According to Balagopal, the state is staring at a direct annual revenue loss of around ₹2,500 crore Read More…
New Delhi: Kerala Finance Minister K. N. Balagopal has issued a stern warning to companies, insisting that the benefits of recent GST rate cuts must directly reach consumers. Speaking after the reforms, he cautioned that the state will closely monitor prices to ensure businesses don’t pocket the gains while ordinary people lose out. Highlighting the Read More…
Thiruvananthapuram: Kerala Finance Minister K. N. Balagopal has lodged a police complaint against a Facebook page for spreading what he termed as a fake hospital bill related to his recent medical treatment. The post claimed that the Minister incurred ₹1.91 lakh in medical expenses, allegedly at a private facility. Dismissing the claim as false and Read More…
Despite financial restrictions imposed by the Union government, Kerala’s expenditure has seen significant growth, Finance Minister K. N. Balagopal stated. He emphasized that the state is on track to achieve a budget size of ₹2 trillion, reflecting its commitment to development and welfare programs. The minister highlighted the challenges posed by financial constraints but assured Read More…
Thiruvananthapuram: Kerala has successfully overcome its financial crisis without compromising on welfare schemes or development projects, Finance Minister K. N. Balagopal declared while presenting the fifth budget of the Pinarayi Vijayan-led government. One of the budget’s key highlights was a ₹750 crore rehabilitation project for the victims of the Wayanad landslides that struck on July Read More…