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Kerala Budget 2019: Hike in Movie tickets, beer and wine prices

The tax rate on the first sale of all kinds of foreign liquor, including beer and wine is expected to mobilise an additional revenue of Rs 180 crore. Watching movies in theatres is also set to cost more as per the budget proposed

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Pic courtesy/ ANI

Pic courtesy/ ANI

Thiruvananthapuram: Movie tickets and beer and wine prices are to be hiked and a 'flood cess' slapped in cash-strapped Kerala as the CPI(M)-led LDF government presented its first post-flood budget on Thursday in an effort to mobilise additional resources to rebuild the state.

As the southern state faced a severe financial crunch, Finance Minister T M Thomas Isaac presented the budget for 2019-20 fiscal, giving thrust to a massive rebuilding exercise. He proposed 25 new projects to resurrect Kerala after the devastation caused by the deadliest flood of the century last August. "This is a budget for creating a new Kerala," Isaac said stating that Rs 1,000 crore has been earmarked for the 'Rebuild Kerala' initiative in the plan. Seeking to mobilise additional revenue, a 0.25 per cent "flood cess" would be levied on all goods coming under the Fifth schedule, including gold, silver and platinum ornaments on the value of supply, the minister said.

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