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Kerala budget bets on maritime economy and Rs 100 crore film city
The News Minute··19 Jun
The News Minute reported that CM VD Satheesan presented the revised 2026-27 budget launching Mission Samudra with Rs 400 crore to develop 13 non-major ports and proposing a Rs 100 crore JC Daniel International Film City in Kochi.
Prism
What It Means For You
- Kerala aims to become a major maritime gateway.
- Rubber farmers get higher minimum support price.
- Health insurance scheme offers Rs 25 lakh per family.
What's Happening
- Satheesan presented the revised budget on June 19.
- Mission Samudra gets Rs 400 crore allocation.
- A Rs 750 crore international maritime museum is planned.
Fiscal Context
- The state faces declining remittances and inflation.
- KIIFB off-budget borrowing adds to instability.
- Rs 600 crore allocated for KSRTC free bus scheme losses.
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