This video explains how remittance flows significantly impact regional economies, with Kerala experiencing a shift from Gulf to European remittance sources, and discusses the economic consequences of reverse remittance where migrant workers from other states spend minimally in Kerala, potentially causing liquidity crunches; the government proposes addressing these challenges through investment-friendly policies, MSME support, and dream projects to stimulate economic circulation.
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'വേണുവിന്റെ കുടുംബത്തിന് അഞ്ച് ലക്ഷം രൂപ ധനസഹായം നൽകും'; V D SatheesanAdded:
We will think about that. We are not against the high-speed rail project. We oppose the Silverline project because it was a um environment disaster.
And economically it was not viable.
There was not even a detailed project report.
So, we have studied in detail the UDF opposed the Silverline project.
Now, the government itself the last [clears throat] government itself they have given up uh this project also.
Now, there is no project.
I think the K Rail started to uh discuss about the new project.
But unfortunately the land acquired by the government was not de-notified. So, the people were suffering. They cannot sell or buy the property or pledge the property. They were in trouble.
So, we have decided to de-notify all the acquisition process.
Without our knowledge, without our knowledge, it was happened. It was from the directions from the uh Lok Bhavan.
Uh we didn't have any idea about the we thought that it was national anthem at the initial stage at the uh end of the function national anthem again. That was the convention. Uh we didn't have an idea about that.
Hello, one will will look into that.
You know I would mention something that What about the promotion?
I like case-by-case to be sure that you get Do you want to do it?
I think I would have to learn a lot.
I know.
I think I would have to learn a lot.
No, I don't want to be sure that you get I express my gratitude towards all the people those who are in abroad.
And you know that across the world there is a large Malayalam diaspora.
They were they have been eagerly waiting for the results of the uh this assembly election.
And after the election uh they've been waiting for the appointment of the CM also.
And uh I I'm very grateful to all the Malayalam communities across the world.
Definitely, it is in mentioned in our manifesto.
Uh they will be participated in in our coming projects definitely.
And we will think about the utility of the remittance, also.
And I'm very much afraid that uh the remittance is reducing.
Because the people those who are going to the Europe, except the GCC countries, are not sending anything to Kerala.
Only the people those who are in the Gulf are sending money. Remittance is only from uh Gulf.
The people are now going to the European countries.
And it has to be considered very seriously about the reverse remittance, also.
There are 4 million workers from uh other states are working in Kerala.
4 million.
They are not spending. They are spending very little amount here.
This amount is I'm not uh saying the siphoning uh about, but it's going out. That is a reverse remittance. When remittance is coming from abroad, there is a reverse remittance. No government has studied so far.
We are going to study it in detail because it affected the economy.
Because money circulation is very important in the economy. If money is not there, the liquidity crunch will be there. That will affect uh the circulation of the money. It will affect the economy, also. So, we are very seriously thinking about uh for the alternative uh thinking to stimulate the economy.
In uh there are investment-friendly plan, the MSMEs, many projects. Yeah.
Uh within three uh 3 to 6 months, I'm uh hopeful uh that we can declare some dream projects.
Thank you.
>> [music]
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