Kerala Finance Minister to present maiden Budget of Vijayan govt 2.0

Kerala CM Pinarayi Vijayan

All eyes are on Kerala Finance Minister K.N. Balagopal as he will present the first Budget of the second Pinarayi Vijayan government on Friday.

A post graduate in Commerce and a Masters in Law, Balagopal,57. is a first time legislator, who was given the Finance portfolio by Chief Minister Pinarayi Vijayan.

He had completed a term in the Upper House from 2010-16, besides, he was the Political Secretary to the then Chief Minister V.S.Achuthanandan in 2006.

"The state is passing through one of its worst times due to the Covid and my Budget would be primarily to address this and would basically target development. This is a huge responsibility and that's the challenge before me," said Balagopal.

The biggest highlight of this Budget as compared to the 10 years of the Left rule (2006-11 and 2016-21) is that this is for the first time that a politician turned Minister will present the Budget, whereas, earlier, it was done by high profile economics professor turned Minister- Thomas Isaac.

Isaac's omission from the list of CPI-M candidates for the April 6 Assembly polls was shocking, although he had four successive terms as a legislator from Alappuzha district, of which two times he was sitting in the Opposition benches (2001-06 and 2011-16).



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel