Tuesday, May 30, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News Kerala

Public Debt Jumps 40 Percent Under Left Rule; Kerala’s Economic Health Deteriorates

by Janam Web Desk
Jan 22, 2019, 08:34 am IST
in Kerala

Thiruvananthapuram: Kerala’s public debt has increased by a whopping 40 percent in the first two years since Pinarai Vijayan’s LDF government came to power. Per capita debt has increased to 44,686 rupees. The situation would have been far worse had it not been for the windfall gains from petrol and diesel taxes and a 17 % jump in GST collections.

On March 31st, 2016, Kerala’s public debt stood at 109,730.97 crore rupees. By September 30, 2018, this had risen to 153,439.96 crore rupees – an increase of 43,708 crores. Meanwhile, the accumulated debt of the state stood at a staggering 229,727 crore rupees. Looking for a scapegoat, the government makes a rather bizarre claim that the reduction in GST rates is to blame for the negative impact on tax revenues. This is despite the finance minister Thomas Isaac’s own admission in the legislative assembly that the state received 2,361 crores in additional income during the current financial year from GST implementation compared with the year-ago period.

Tags: MAIN
ShareTweetSendShare

Related News

Fire breaks out on the sets of Pawan Kalyan’s Hari Hara Veera Mallu set; No injuries were reported
Entertainment

Fire breaks out on the sets of Pawan Kalyan’s Hari Hara Veera Mallu set; No injuries were reported

Leftist rule in Kannur descending? : Pornographic Whats App chat holding the reason
Tech

WhatsApp adds ‘chat lock’ feature to make user conversations more private

P K Sasi is an MLA who is immoral : National Commission for Women
India

Delhi minor girl’s murder case: ‘extremely shocking and disturbing’, says NCW chairperson Rekha Sharma

Latest News

CM Pinarayi Vijayan is being misled by someone says V Muraleedharan; Kerala granted permission for only 12 flights

V Muraleedharan refutes Kerala government’s claim that the Centre had reduced borrowing limit of the state

KKSS demands Sanadhana Dharma classes in every village; criminal offences increased in Kerala due to lack of cultural values imparted to younger generation

KKSS demands Sanadhana Dharma classes in every village; criminal offences increased in Kerala due to lack of cultural values imparted to younger generation

2 LeT militants gunned down in ongoing Shopian encounter

Security officers seize Chinese made weapons from Manipuri militants

Six ‘Saptarishi’ idols collapse at Ujjayin’s Mahakal Lok corridor due to gusty winds

Six ‘Saptarishi’ idols collapse at Ujjayin’s Mahakal Lok corridor due to gusty winds

Uttar Pradesh Hockey wins Hockey India Sub Junior National Championship 2023

Uttar Pradesh Hockey wins Hockey India Sub Junior National Championship 2023

Minor Hindu girl dead after being stabbed 20 times and face smashed with boulder; accused Sahil arrested from UP

‘Ram Siya Ram’ the soulful track from Adipurush releases on YouTube

‘Ram Siya Ram’ the soulful track from Adipurush releases on YouTube

OnePlus soon to launch Marble Odyssey edition OnePlus 11 5G in India

OnePlus soon to launch Marble Odyssey edition OnePlus 11 5G in India

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited