Kerala govt to move SC against slashing of its borrowing limit by Centre: Finance Minister Balagopal

Kerala govt to move SC against slashing of its borrowing limit by Centre: Finance Minister Balagopal

Thiruvananthapuram: On Monday, the Kerala government announced its intention to file an appeal with the Supreme Court on the Centre's claimed reduction of the state's borrowing ceiling.

Kerala Finance Minister K N Balagopal made the announcement during a press conference held here earlier in the day.

The minister explained that the state's borrowing limit had been halved, prompting the Assembly to vote a resolution protesting the move and the Cabinet to decide to write to the federal government.—Inputs from Agencies

Related posts

Loading...

More from author

Loading...