As for the SGST, currently, Kerala gets around 7 billion a month, which is an average 7 to 8 per cent. It wants to tweak the rate by two per cent points more.
"Proposed cess of SGST is in the face of this natural disaster and it will be purely on intra-state trade and will have no impact on other states," Isaac said.
These are Kerala's short-term measures for resource mobilisation.
Earlier, Isaac had told this newspaper that the initial estimate of loss due to the rain and flood was around Rs 200-300 billion.
"We need to rebuild houses, roads and other infrastructures. We are currently working on the package, and are conducting meetings for that," Isaac said.
He said the immediate requirement was to construct houses and compensate farmers for their losses, these alone would cost around Rs 35 billion.
Long-term reconstruction requires a larger amount, something like Rs 200 billion package, which will be funded through multilateral schemes and from agencies like NABARD and NCDC as well as multi-lateral agencies, with cheaper credit.
"We had a meeting with all the erstwhile chief secretaries of Kerala on how to bring in a method and agency for implementation so that the entire programme can be implemented in the next 24 months. We would finalise it in another week's time," Isaac said.
The state is also planning to raise the FRBM (Fiscal Responsibility and Budget Management) borrowing limits at least two years and at least 1.5 per cent increase of the GSDP to be borrowed, which will entirely be spent only on capital expenditures.
"We will ensure that the revenue deficit goes down, so that the additional borrowing will go entirely into capex," he said.