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In SC, Kerala targets Centre over curbs on its borrowing
Hindustan Times
|February 10, 2024
Facing flak for its lack of fiscal discipline and rise in public debt, the Kerala government has told the Supreme Court that when it comes to reigning debts, Union government has a dismal record, and blamed the Centre for imposing curbs on its borrowing as part of a "misguided and unfair political strategy" ahead of the general elections.
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The state was responding to a note submitted by the Attorney General (AG) R Venkataramani on January 25 accusing the state to be one of the most "financially unhealthy", with several cracks in its financial edifice. The AG's note was filed in a lawsuit filed by Kerala government against orders issued by the Union finance ministry in March 2023 reducing state's borrowing limit.
The suit will be taken up on February 13 for hearing an interim application filed by the state requiring funds worth 26,226 crore towards settling dues of pension, dearness allowance and payouts under state-run welfare schemes.
Denne historien er fra February 10, 2024-utgaven av Hindustan Times.
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