CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI thrissur l saturday l june 05, 2021 l `7.00 l PAGES 16 l city EDITION `8,900 CR FOR THE PANDEMIC-HIT C300-cr knowledge economy fund to give a fillip to higher education B636.5 cr Of the I20,000-crore Covid package, I2,800 crore will be for tackling health emergency situations. I8,900 crore will be for people whose livelihood has been hit by Covid while I8,300 crore will be for providing interest subsidies for loans to set up isolation wards for contagious diseases, with 10 beds each, in all community health centres, taluk, district and general hospitals in the state AGRIculture, INDUSTRY & SERVICE SECTORS ■ I1,000 crore to be disbursed as loans at reduced interest rates to start new enterprises in agricultural, industrial and service sectors ■ In addition to this, loans of at least I1,000 crore will be made available to neighbourhood groups through Kudumbashree SUPPORT FOR MSMEs Addl working capital loans & term loans for existing MSMEs Loans amounting to I2,000 cr to be given to industrial sector I400 cr for mobilsing more working capital in tourism sector half a dose Balagopal focuses on Kerala’s health in maiden budget, Covid-hit economy has to wait I20,000-cr Covid package, I1,500 cr for free vaccination, hospital upgrade find place No new taxes; FM says will borrow and spend, that’s the best plan in times of crisis Rajesh Abraham Even though Centre is withdrawing from its basic responsibilities, state will ensure the health of its citizens. L1,000 crore is earmarked for providing vaccine to all above 18 years, L500 crore for allied equipment Pinarayi Vijayan, CM The budget presented by the new govt is a fraud on the people. It was full of political speech, nothing is new. The govt has announced L20,000 cr package as a stimulus package V D Satheesan, Oppn Leader INSIDE It’s health that requires immediate attention and the economy can wait. This seems to be the message from the first budget of the second Pinarayi Vijayan government. Presenting the revised budget for 2021-22, Finance Minister K N Balagopal on Friday announced a slew of new measures aimed at dealing with the Covid-19 pandemic, including `20,000-crore second Covid package and `1,500 crore for providing free vaccines to all above 18 years and 10bed isolation wards in all community health centres, taluk, district and general hospitals. The finance minister, who retained all the proposals announced by his predecessor T M Thomas Isaac in the budget presented before the election, refrained from imposing any additional tax, considering the distress across sectors. What that means is that the budget has failed to mention where the additional revenue required for the increased expenditure is coming from. “The economy could be revived only by reducing the impact of the second wave and preventing a third wave of the pandemic,” Balagopal said, making the government’s priorities clear. Even under a severe financial strain, he explained the government’s decision not to hike taxes saying: “During a crisis, the Left approach is to stand up front and save the society even through borrowings. blind eye to financial crisis I P4 The pace and severity of the second wave and the possibility of a third wave indicate that the challenge is not yet over. We may have to face greater challenges in the coming months K N Balagopal, Finance Minister Finance Minister K N Balagopal arrives at the assembly to present his first budget on Friday. Unlike his predecessor Thomas Isaac’s three-hour-plus budget speeches, Balagopal's presentation lasted only for one hour and one minute | Vincent Pulickal HEALTHCARE, INFRA FOCAL AREAS Finance Minister K N Balagopal, who announced a C20k-crore package to wade through Covid crisis, tells TNIE’s M S Vidyanandan in an exclusive interview that the key focus areas are healthcare and infrastructure | P5 Package to protect water bodies, dams Comprehensive package, costing H500 crore, to improve watercarrying capacity of various water bodies and river basin systems People, without maintaining social distancing, crowd at a health centre in Puthukurichy, T’Puram, for vaccination on Friday. The budget has given thrust to tackling the pandemic | B P Deepu The first Pinarayi Government had done that. This government will also follow the same policy.” The onehour-one-minute matter-of-fact presentation stood in stark contrast to Isaac’s three-hour-plus speeches laced with poems, short stories and narratives. KERALA The Kerala budget -- the first by a new minister after 25 budgets together by the duo of Thomas Isaac (12) and K M Mani (13) as part of successive LDF and UDF governments over the last two decades -- also contained `11,000-crore worth developmental projects for coastal areas to be imple- mented in the next four years, a Malabar literary tourism circuit plan and a proposal disburse `2,000 crore loans via Kerala Bank at 4% interest rate for setting up agri-infrastructure projects such as cold chains. The budget also contained measures to help the ailing plantation sector and encouraged diversification through the cultivation of crops such as rambutan, avocado and dragon fruit, mangosteen, longan etc in addition to traditional plantation crops. While the budget set aside `2 crore each to construct memorials for Communist icon K R Gauri Amma and Kerala Congress veteran R Balakrishna Pillai, another `50 lakh was earmarked for establishing ‘Mar Chrysostom Chair’ at Mahatma Gandhi ● More on P9 University . no theatrics, fm means business I P4 Reserve Bank cuts growth projections, pauses rates New Delhi: An explicitly dovish-toned RBI on Friday chose to keep interest rates unchanged as it lowered GDP growth projection for the current financial year to 9.5%, dashing hopes of a double-digit economic growth. The downward revision highlights the economy-wide stress. Even as RBI Governor Shaktikanta Das was convinced a normal monsoon and business resilience can aid economic recovery, 3rd wave will peak early if Covid code is ignored: Niti member New Delhi: Chances of a third wave of the pandemic are pretty high and the next phase could turn out to be as bad as the current wave if people let their guard down, a top official warned on Friday. Talking to reporters at a press conference here, Dr V K Paul, member (health), Niti Aayog, underlined that the pandemic situation had improved not because of the virus behaviour but because of the measures taken to curb its spread. It’s advantage SII as US decides to lift raw material bar New Delhi: In what is expected to further ease the supply of raw materials to vaccine manufacturers in India, the United States has decided to lift the Defense Production Act (DPA) ratings on three Covid vaccines — AstraZeneca, Novava and Sanofi. AstraZeneca and Novavax are being manufactured by the Serum Institute of India (SII). R43K-cr project to build 6 conventional subs gets nod New Delhi: In one of the largest Make in India projects in the naval sector, the Defence Acquisition Council (DAC) on Friday approved a Request for Proposal (RFP) to build six conventional submarines at an estimated cost of D43,000 crore. The project will be under the strategic partnership model, P 75 (I), which means the whole process will be led by an Indian manufacturer. The submarines will be equipped with Air Independent Propulsion system. NATIONWIDE june 3 june 4 statewide 1,34,154 90,872 2,11,499 1,34,251 2,887 1,549 Fresh cases Recoveries Deaths Fresh cases Recoveries Deaths H10 cr for the production of valueadded products using milk and H5 crore for building infrastructure facilities for fish processing The allocation for the existing livelihood package under Kudumbashree raised to H100 crore in the wake of Covid june 3 june 4 18,853 16,229 26,569 25,860 153 135 memorials for gouri & pillai A2,000 cr to be given through Kerala Bank in the current financial year as part of NABARD loan scheme 3,000 diesel buses to be converted into CNG, at a cost of I300 cr, as part of reducing KSRTC's operational loss A2 cr OPPN UP IN ARMS The H8,900-cr direct disbursal scheme under the H20,000-cr Covid package courted row after the minister clarified that the arrears and financial assistance for those who are not part of any pension are included in it. P4 healthy budget during crisis I P5 express read L5,300 TO PROTECT COASTAL REGION Interview each to construct memorials for Communist leader K R Gouri and Kerala Congress (B) founder R Balakrishna Pillai Stress is given to protect the coastal area, which has been affected due to cyclones and sea erosion. The estimated expenditure of the 5-year project is I5,300 crore. The expertise of various agencies will be utilised for formulating the most suitable strategy for coastal conservation. P6 CENTRE MODELLED ON USA’s CDC The finance minister announced the plan to start an institution in Kerala modelling on the Centre for Disease Control (CDC) in USA. I50 lakh has been earmarked for it. “It will be a future asset for medical research and mitigation of contagious diseases,” said Balagopal. BIODIVERSITY & LITt CIRCUITS on anvil Malabar Literary Circuit connecting places such as Thunchan Memorial, Beypore and banks of Bharathapuzha planned. Biodiversity Circuit connecting places such as Ashtamudi Lake and Munroethuruth too on cards. D50 crore is earmarked for both projects. EDIT I COVID THEME IN KERALA BUDGET I P10
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