Thiruvananthapuram, Feb. 2 -- Kerala finance minister KN Balagopal termed the Union Budget presented by finance minister Nirmala Sitharaman on Sunday as "very disappointing" for the State, as most of its key demands remain unfulfilled. He however said that the marginal increase in Kerala's share in the divisible tax pool from 1.92% to 2.38% under the 16th Finance Commission was welcome.

"The increase in Kerala's share in the tax pool will be good for the state. It is a result of our collective hardwork. We had demanded 2.79%. But still the increase will benefit us. Even the finance commission had said that we did very well in submitting all the data and documents. But the downside is that as part of the commission's grants, we will not b...