Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :

        Kerala FM terms union budget ''disappointing'', ''condemnable''

        February 1, 2025

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Thiruvananthapuram, Feb 1 (PTI) Kerala Finance Minister K N Balagopal on Saturday expressed strong displeasure and disappointment with the Union Budget for 2025-26, presented by Nirmala Sitharaman, and accused the Centre of showing "political discrimination" towards states in the allocations.

        He said Kerala had justified expectations in some areas, but they were completely neglected in the budget.

        It was "utterly sad and condemnable" that the Union Budget made no mention of the Wayanad landslide tragedy, which had shocked the country months ago, or the Vizhinjam port, Balagopal told reporters here.

        The Union Finance Minister made many announcements with an eye on the upcoming elections in Bihar and New Delhi, he said.

        But at the same time, there was no package or even a reference to the landslide tragedy in Wayanad, no mention of Vizhinjam Port, and no general financial allocations to the state, he said.

        Balagopal pointed out that Sitharaman, in her budget, spoke at length about exports but ignored the Vizhinjam port in Kerala, which has been the most significant export promotion scheme in the country in the last two decades.

        A big port is a gateway for exports, but no allocation has been made for it, he said, adding that no significant institutions have been allotted to the state in the budget.

        "It is utterly sad and condemnable...We hope they will correct this," the state FM said.

        Further criticising the Union Budget, Balagopal said it has "failed" to ensure equal treatment for all states in the country, without any discrimination.

        It generally seems that they (the centre) would do more for the states where they have political interests and neglect the other states, he alleged.

        The minister said that although there is a general increase in the allocations towards states in the budget, Kerala is unlikely to get the deserved amount in accordance with its population density.

        As per the budget, there is an increase of Rs 5 lakh crore in the allocations to states.

        In accordance with its population density, Kerala should receive Rs 14,288 crore, but as per the budget figures, it is doubtful whether the state will even receive Rs 3,000 crore, the minister pointed out.

        He also criticised the inadequate allocations in the agricultural sector and for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

        There was also no mention of special schemes to attract investments to the country, he said, adding that the zero income tax up to Rs 12 lakh announcement would not be as beneficial to the people as its hype suggests. PTI LGK SSK ROH

        Political discrimination in budget allocations alleged, with state denied disaster relief, port funding, and adequate scheme allocations. Kerala's Finance Minister criticised the national budget for displaying political discrimination in fiscal allocations, noting omission of relief for a landslide tragedy and exclusion of Vizhinjam Port from infrastructure funding. He argued the state faces inadequate sectoral allocations for agriculture and the rural employment scheme and questioned the practical benefit of the income tax exemption announcement. Despite an overall reported increase in transfers to states, the minister maintained Kerala's projected share falls well short of the amount it should receive based on population density, raising equity concerns in fiscal federalism.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Political discrimination in budget allocations alleged, with state denied disaster relief, port funding, and adequate scheme allocations.

                                Kerala's Finance Minister criticised the national budget for displaying political discrimination in fiscal allocations, noting omission of relief for a landslide tragedy and exclusion of Vizhinjam Port from infrastructure funding. He argued the state faces inadequate sectoral allocations for agriculture and the rural employment scheme and questioned the practical benefit of the income tax exemption announcement. Despite an overall reported increase in transfers to states, the minister maintained Kerala's projected share falls well short of the amount it should receive based on population density, raising equity concerns in fiscal federalism.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found