<p>The Left government in Kerala has achieved a record revenue increase from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24, helping to mitigate financial challenges posed by the BJP-ruled Centre, according to state Finance Minister K N Balagopal.</p>.<p> "We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24," Balagopal said.</p>.<p> He pointed out that this represents a 60 per cent increase in the state's own tax revenue over just three years.</p> <p> "Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies." The minister also noted that the state government is doing everything it can to handle the crisis caused by the Centre's reduction in tax allocations and debt limits.</p>.Sundaram Home Finance reports Q4 net profit at Rs 57 cr; disbursements breach Rs 5,000 cr.<p> Balagopal, who is also a senior CPI(M) leader, said that Kerala successfully brought national attention to the Centre's alleged discriminatory approach by mobilising the state's people and organising a protest in New Delhi, led by the Chief Minister and including ministers and people's representatives.</p>.<p> In the FB post, he also mentioned the state government's legal battle in the Supreme Court to secure its rights from the Centre.</p> <p>"Other states also followed suit and filed similar cases in the Supreme Court, highlighting the importance of this issue for federalism," Balgopal said.</p>.<p> The minister claimed that national leaders have acknowledged Kerala's stance on the issue.</p>.<p>"Through the last three budgets, the government has initiated several crucial projects for Kerala's future. These multi-pronged schemes aim to boost production, income, and employment opportunities," the minister said. </p>
<p>The Left government in Kerala has achieved a record revenue increase from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24, helping to mitigate financial challenges posed by the BJP-ruled Centre, according to state Finance Minister K N Balagopal.</p>.<p> "We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24," Balagopal said.</p>.<p> He pointed out that this represents a 60 per cent increase in the state's own tax revenue over just three years.</p> <p> "Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies." The minister also noted that the state government is doing everything it can to handle the crisis caused by the Centre's reduction in tax allocations and debt limits.</p>.Sundaram Home Finance reports Q4 net profit at Rs 57 cr; disbursements breach Rs 5,000 cr.<p> Balagopal, who is also a senior CPI(M) leader, said that Kerala successfully brought national attention to the Centre's alleged discriminatory approach by mobilising the state's people and organising a protest in New Delhi, led by the Chief Minister and including ministers and people's representatives.</p>.<p> In the FB post, he also mentioned the state government's legal battle in the Supreme Court to secure its rights from the Centre.</p> <p>"Other states also followed suit and filed similar cases in the Supreme Court, highlighting the importance of this issue for federalism," Balgopal said.</p>.<p> The minister claimed that national leaders have acknowledged Kerala's stance on the issue.</p>.<p>"Through the last three budgets, the government has initiated several crucial projects for Kerala's future. These multi-pronged schemes aim to boost production, income, and employment opportunities," the minister said. </p>