Home
News
India
Kerala
Chief Minister says the government is committed to stimulating the economy through broad-based development strategies, attracting large-scale investments across various sectors, mobilising financial resources for the public exchequer, and ensuring the equitable distribution of wealth
Updated - June 19, 2026 01:02 pm IST
Kerala Chief Minister V. D. Satheesan presenting the revised Budget of the UDF government in the State Assembly in Thiruvananthapuram on Friday (June 19, 2026)
| Photo Credit:
special arrangement
Kerala Chief Minister V.D. Satheesan, who also holds the Finance portfolio, has presented the revised Budget for 2026–27 in the Assembly, pledging to build a “New Kerala” with inclusive growth and sustainable infrastructure development.
Citing severe fiscal stress, hidden liabilities, lower remittances and inflation as key challenges before the government, the CM unveiled Mission Samudra to build a port-led economy, elevate the state as a global maritime and economic hub.
The government is committed to stimulating the economy through broad-based development strategies, attracting large-scale investments across various sectors, mobilizing financial resources for the public exchequer, and ensuring the equitable distribution of wealth, the CM said.
Follow for live updates
Kerala Budget Live | Chief Minister V.D. Satheesan presents UDF govt's Revised Budget
June 19, 2026 13:02
Dream projects feature high in Kerala’s Revised Budget; Satheesan announces Land Reforms 2.0, hike in rubber MSP
Dream projects feature high in Kerala’s Revised Budget; Satheesan announces Land Reforms 2.0, hike in rubber MSP
Kerala's Revised Budget showcases ambitious projects, land reforms, and increased rubber MSP, promising empathetic governance and economic growth.
June 19, 2026 12:38
Why Budget has earmarked Rs 50 crore for Gen-Z initiatives
Mr. Satheesan announced a Rs 50-crore initiative for Generation-Z, describing the digitally native generation as a key driver of Kerala’s future economy and innovation ecosystem. He said Generation-Z was among the forces rapidly transforming the world.
According to him, those born and raised in the digital age have technology as an integral part of their lives and are quick to adopt emerging technologies. “Gen Z is the fastest demographic to adopt and utilise breakthroughs in fields such as Artificial Intelligence, Robotics, Data Science, Internet of Things (IoT), and Virtual Reality (VR). The creative abilities and technological excellence of the younger generation can be brought together to develop Kerala’s startups, innovation hubs, research centres and smart industries, while emphasising digital ethics, privacy protection, cyber security and core human values,” he said in the revised state Budget in the Assembly. - PTI
June 19, 2026 12:18
Malabar set to score big with world-class football stadium
In a move likely to enthuse football fans, especially in north Kerala, Mr. Satheesan announced the construction of a world-class football stadium in the Malabar region and allocated Rs 50 crore for the project.
Referring to the State’s passion for football, he said a world-class stadium was essential to systematically identify and train football talent and host prestigious international matches.
“Recognising the immense passion and profound love for the game among football fans in Kerala, an international standard football stadium equipped with ultra-modern facilities will be constructed in the Malabar region. An amount of Rs 50 crore is allocated for this project,” he said. - PTI
June 19, 2026 12:11
Plans to make Kerala a leading 'unified Port City’
Kerala Budget charts plan to make State a leading ‘unified Port City’
Kerala's Budget aims to transform the state into a leading Port City, enhancing maritime and logistics capabilities along its extensive coastline.
June 19, 2026 12:09
Budget announces reforms to land laws to boost industrial infra in state
The revised Budget for 2026-27 said that reforms will be made in the land laws to give a boost to the industrial infrastructure aspirations of the State by harnessing its land resources. Chief Minister V D Satheesan, in his Budget speech, said that acute scarcity of land, limitations in its mobilisation and a lack of legal clarity constitute the most formidable barriers to Kerala’s industrial infrastructure aspirations.
He said that while investors were actively seeking land for projects capable of transforming the economy, vast tracts of land held by government departments and public sector undertakings were lying around “unutilised or entangled in red tape”. - PTI
June 19, 2026 11:47
Revised Budget estimate
Kerala Budget 2026-27 (5).jpg.jpeg
June 19, 2026 11:30
Former Finance Minister Thomas Isaac questions Kerala govt on bridging ₹20,000-crore shortfall
Ahead of UDF govt’s revised Budget, Thomas Isaac questions Kerala govt on bridging ₹20,000-crore shortfall
Thomas Isaac questions Kerala's strategy…
Read the full article at The Hindu →
India