The government of Kerala has decided to levy a ‘flood cess’ and to increase prices of liquor, to contain its revenue deficit and support rebuilding in the wake of last year's heavy flooding.
In addition to property loss, the estimated income loss from the floods of August 2018 is Rs 25,000 crore.
Finance Minister T M Thomas Isaac presented his 10th annual Budget st the state assembly on Thursday, for total outlay of Rs 1.42 trillion. He said the fiscal condition was a challenge. To address this and for various other aims, the flood cess is being levied for the first time