CURRENT AFFAIRS

Detailed explanation-1: -Union Budget 2022: Ahead of the Union Budget announcements, Former Kerala Finance Minister Thomas Isaac has come up with three lines of action needed in the Union budget. The former finance minister has said the Budget must firstly look into continuing the stimulus to overcome stagnation.

Detailed explanation-2: -Kerala Finance Minister K.N Balagopal on Friday presented the first ever paperless budget in the state.

Detailed explanation-3: -Travancore Mathew Thomas Isaac (born 26 September 1952) is an Indian politician and economist, who served as the Minister for Finance and Coir of the Indian state of Kerala and a central committee member of the Communist Party of India (Marxist).

Detailed explanation-4: -Balagopal, presented the Budget for the state for the financial year 2022-23 on March 11, 2022. The Gross State Domestic Product (GSDP) of the state for 2022-23 (at current prices) is projected to be Rs 9, 99, 643 crore. This is a growth of 10.8% over the revised estimate of GSDP for 2021-22 (Rs 9, 01, 998 crore).

Detailed explanation-5: -Kerala Finance Minister K.N. Balagopal presented the state budget for the financial year 2023-24 at Kerala Assembly on Friday. The Finance Minister said that Kerala is back to the path of growth and prosperity and state revenue is expected to increase up to Rs. 85, 000 in the current fiscal.