Finance Bill
Coverage of Finance Bill in the Nexus archive.
- Pinarayi Vijayan alleges Finance Bill passed in violation of Assembly rules to benefit private liquor firms
Opposition Leader Pinarayi Vijayan accuses Chief Minister V.D. Satheesan of passing the Finance Bill in violation of Assembly rules to benefit private liquor firms. The accusation includes claims of unnecessary haste and stubbornness in providing tax cuts to liquor companies.
- Finance Bill passed in Kerala Assembly amid Opposition boycott
The Finance Bill was passed in the Kerala Assembly amid a boycott by the Opposition. The bill states that tax revisions for low-alcohol beverages will take effect after a government notification, and the LDF opposes it for not being referred to the House’s Subject Committee by the UDF government.
- Amid row, revised low-alcoholic beverages tax rates included in Finance Bill
The Finance Bill includes revised tax rates for low-alcoholic beverages. Beverages with 0.5% to 10% alcohol content face a 120% tax, while those with 10% to 20% alcohol content are taxed at 175%. These rates were announced by the Chief Minister in the Revised Budget.