Talking to reporters, Kannanthanan said Kerala, which was on the forefront in IT sector once, has been pushed backward.
Stating that the Centre has sanctioned various Tourism projects to the state, he said some more were on the pipeline.
However, he said new projects could be sanctioned only after the completion of the ongoing projects.
"The issue has been discussed with the Chief Minister", he said.
The main focus of the Centre was the welfare of poor and downtrodden, he said.
Revenue collected from petroleum products were used for implementing projects for them, he said.
Inflation rate in the country was only four per cent, which was half per cent less than the permissible rate of RBI, he said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
