Friday, March 15, 2013

A Welfare measure& Grouth oriented Budget of Kerala


The finance Ministefr of Kerala proposed a welcome Budget to the Legislative Assembly of Kerala State on the 15th of March 2013. An overview of the Budget would appear to be of welfare & Grouth Oriented features mentioned therein. Any Grouth oriented Budget is broadly a welcome Budget especially when the Finance Minister claims it be the one which is the Best in the southern States & also providing for measures to achieve Grouth over & above those proposed & stated to have achieved by the Central Budget. The Finance Minister also claims that he is expecting a double figure Grouth in the State He says in 2011-12Kerala had achieved9.5 %economic Grouth.as per the Economy Survey report rendered by the Planning Commission of the State.He claims this is better by 3.3% of the All Indiagrouth Rate of 6.2 percent. The Finance Minister is expecting over Rs58,057 Crores as revenue Income in 2013-14 He is also expecting over Rs60,327 crores as revenue Expenditure The Budget is expectingrs8613croresas capital expenditure. All these features claimed by the Finance Minister points out to a simple Healthy Budget. The welfare measures to which stress have been afforded to are in the Agriculture Sector,Education Sector, Fish production Sector,welfare measures for Pravasis,Solar energy generation, and so on. The Salient Features of the Budgets are Rs100 crore for KSRTC an organization every Govt found difficult to tackle Rs50 crores for Mullaperiyar Permanent steel bridge for Aluva Manapuram Rs14 Crores for Suplyco to start Rice Mills. Rs3 crores for protection of Fishermen Individuals excempted from Agricultural Income Tax. Housing Loan Subsidy to Journalists. Mangalya Nidhi to poor families Solar Power Generation Shelter home to protect Beggars Tax rebates to families who gather Rain water for harvesting purposes. There are many more welfare measures proposed by the Finance Minister of Kerala The most unexpected and widely protested by the opposition is the enhancement of retirement age to 60. In fact as most of the states in India& the Central Government already introduced & implemented this measure there does not appear to have much grounds behind protesting the retirement age In fact this retirement age enhancement was introduced as a hidden agenda by the opposition when they were ruling the state.the then Finance Minister had introduced the unique retirement date of 31st March for everyone in service. If one takes a deep look into this ,it can be found that a person due for retirement in April on Achieving Date of Birth for retirement could 11 months more until next March31st.similarly a person whose date of birth is in May could continue to serve for 10months more,....in June,July,august& September for 9,8,7,6 months respectively. In other words on an average ,nearly one year service was already extended or enhanced by the previous regime Perhaps with the intention of declaring retirement age as 60 years in due course had they continued in Power This deemed plan or rather dream was shattered with the then opposition came to Poer overthrowing the earlier regime. As the retirement age of 60 is to be introduced in respect of entries into service from April 2013,there does not appear to have enough justification for protest from the generation of the Present youths With the Grouth rate of the state is the criterion to determine the state of Economical stability of any Government And since onus of the Budget is Grouth ,this Budget presented by the FM of KERALA needs to be terms as a welfare Oriented fair budget It is, however,easy to prose measures of welfare& economical Grouth. But whether they are properly implemented without allowing RedTapism& Pilferage is the one area in which The Government should excercise perfect control with strict measures to make the dream Budget of the present Finance Minister into reality with proper collective responsibility by the officials & Ministers put together In the future activities. SreedharanMundanat 15th March2013 20-45Hrs(IST)

2 comments:

  1. In the last but 5 lines of the Blog kindly correct the term "prose" to read as "propose"
    The error is deeply regretted.
    Care shall be taken to avoid such silly errors in future
    Sorry for inconvenience
    SreedharanMundanat

    ReplyDelete
  2. A rejoinder to the Blog has since been appended
    Sreedharan

    ReplyDelete