Kerala to set up Islamic bank shortlySeptember 9th, 2009 THIRUVANANTHAPURAM - The Kerala government will set up an Islamic bank in the state, Finance Minister Thomas Isaac told the assembly Wednesday. The share capital of the proposed bank has been fixed at Rs.1,000 crore, Isaac said, adding that an advisory committee would be set up shortly to work out the details.
Alcohol worth Rs.34 crore sold in a single day in KeralaSeptember 1st, 2009 THIRUVANANTHAPURAM - Alcohol sales in Kerala Monday reached a record single-day high to touch Rs.34.13 crore. According to N.
Kerala expects Rs.200 crore liquor sales during OnamAugust 21st, 2009 THIRUVANANTHAPURAM - Alcohol sales in Kerala are expected to touch Rs.200 crore during this Onam season that starts Aug 26. Liquor shops in the state are well-stocked to meet the high demand.
Kerala to set up Rs.250-crore trade centreJune 30th, 2009 THIRUVANANTHAPURAM - The Kerala State Industrial Development Corp (KSDIC) has tied up with Fertilisers and Chemicals Travancore Ltd (FACT) to set up a world class trade and exhibition centre in Kochi at an investment of Rs.250 crore, it was announced Tuesday. KSDIC said in a statement that it would form a joint venture with FACT to execute the project.
NRI deposits in Kerala banks touch record highJune 25th, 2009 THIRUVANANTHAPURAM - Deposits by non-resident Indians (NRIs) in Kerala banks grew from Rs.29,889 crore in March 2008 to a record high of Rs.37,019 crore as on March 31, 2009, according to the State Level Bankers Committee (SLBC). This was revealed at the 99th meeting of SLBC that took place here Thursday.
Leela Group set to open IT campus in TechnoparkMay 15th, 2009 THIRUVANANTHAPURAM - Hospitality major Leela Group will soon open a Rs.100 crore state-of-the-art IT campus in the Technopark here, a top group official said. 'The building is almost ready and we will open the campus very soon,' V.J.
Bharat Hotels, Kerala government to develop resortMay 14th, 2009 THIRUVANANTHAPURAM - The Kerala government will partner the Delhi-based Bharat Hotels to jointly develop a five-star beach resort with 45 cottages at picturesque Bekal in Kasargode district, it said Thursday. The project, Lalit Resort and Spa, will come up on 25.57 acres given on a long-term lease by the Bekal Resorts Development Corp.
Kerala banks post marginal growth in advancesApril 25th, 2009 THIRUVANANTHAPURAM - Banks in Kerala have posted a marginal growth of 6.3 percent in advances from Rs.80,131 crore in June 2008 to Rs.85,174 crore as on Dec 31, according to the State Level Bankers Committee (SLBC). The SLBC in a meeting here said loans given to the education sector reported the biggest jump when it went up from Rs.2,920 crore in June to Rs.4,049 crore in December.
NRI deposits in Kerala banks grow to Rs.34,649 croreApril 24th, 2009 THIRUVANANTHAPURAM - Deposits by non-resident Indians (NRIs) in Kerala banks grew from Rs.31,865 crore in June 2008 to Rs.34,649 crore as on Dec 31, 2008, according to the State Level Bankers Committee (SLBC). The SLBC in a meeting here Friday said the State Bank group has posted higher growth in deposits during the period than the other nationalised and private banks.
'Deposits with Kerala cooperative banks to beat slowdown'April 24th, 2009 THIRUVANANTHAPURAM - State Cooperation Minister G. Sudhakaran Friday said the total deposits in the 1,614 cooperative banks in Kerala would keep increasing despite the slowdown and touch Rs.50,000 crore by November.
Cochin international airport profits touch Rs.60.32 croreApril 22nd, 2009 THIRUVANANTHAPURAM - Cochin International Airport Limited (CIAL) Wednesday announced a pre-tax profit of Rs.60.32 crore (Rs.603.2 million) for the fiscal year 2008-09. Kerala Chief Minister V.S.
Kerala liquor, beer sales on a record 'high'March 31st, 2009 THIRUVANANTHAPURAM - Unfazed by the global economic crisis, tipplers in the state will have consumed an estimated Rs.4,600 crore worth of liquor this fiscal - a record - to clock the highest ever annual sales in Kerala's history. According to a senior official of the Kerala State Beverages Corp (KSBC), the sole wholesalers of liquor and beer that is promoted by the state government, sales this fiscal are expected to touch Rs.4,600 crore by end of Tuesday - the last day this fiscal - as against Rs.3,669 crore the previous financial year.
No exodus from Middle East to Kerala: StudyFebruary 25th, 2009 THIRUVANANTHAPURAM - Contrary to media reports, there has been no 'exodus' of the diaspora from the Middle East to India, and remittances are not falling, says the Centre for Development Studies. This was found in a survey the respected Thiruvananthapuram-based think tank conducted among 15,000 households at 300 locations in Kerala between June and December 2008, said S.
Kerala has highest per capita debt in southern IndiaFebruary 18th, 2009 THIRUVANANTHAPURAM - Kerala's 2006 per capita debt stood at over Rs.14,300 - the highest among states in south India - against the national average of around Rs.9,000. This was stated in the Economic Review 2008 tabled in the Kerala Assembly Thursday.
Remittances to Kerala set to fallJanuary 16th, 2009 THIRUVANANTHAPURAM - Kerala Finance Minister Thomas Isaac Saturday said the state is soon going to feel the heat of the economic slowdown as remittances from abroad are certain to fall in the coming months. 'It is going to be a tough time on account of the fall in remittances which incidentally have been keeping the state afloat for several years,' Isaac told reporters after the meeting of the Kerala State Planning Board here.