Begin typing your search above and press return to search.
Outlook for BJP in Kerala
access_time 2021-05-06T11:21:07+05:30
Not Covid deaths, but mass murder
access_time 2021-05-05T10:52:36+05:30
Poll results that carry lessons
access_time 2021-05-04T10:39:06+05:30
The whistles of danger that must be heard
access_time 2021-04-30T11:44:21+05:30
Iran and the revival of JCPOA
access_time 2021-04-23T13:21:09+05:30
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Towards a digital emergency?
access_time 2021-02-27T14:50:41+05:30
The slaughter of democracy in Puducherry
access_time 2021-02-24T11:27:21+05:30
Populist Fascism
access_time 2021-01-31T17:19:29+05:30
Media Freedom
access_time 2021-01-31T15:47:07+05:30
Homechevron_rightKeralachevron_rightConditions for...

Conditions for increasing borrowing limits not fair: Kerala CM

Conditions for increasing borrowing limits not fair: Kerala CM

Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Monday expressed his displeasure at the way certain conditions have been set when Union Finance Minister Nirmala Sitharaman raised the borrowing limits of states from 3 per cent to 5 per cent of GDP for financial year 2020-21.

"The Centre is borrowing 5.5 per cent of the GDP but when it came to states, conditions are being placed. This is against the federal structure and is not fair," said Vijayan.

He said currently states can borrow only three per cent and were the first to demand hike in the borrowing limit to 5 per cent.

"To increase the borrowing limit from 3 to 3.5 per cent, is allowed for all, with no conditions. But from 3.5 to 4.5 per cent there have been four conditions. This is not acceptable , anyway we are awaiting for more details on it," said Vijayan and added that if conditions are being set then Kerala will only be able to borrow Rs 4,500 crore.

He also pointed out that hiving off public sector enterprises and limiting key sectors is not going to strengthen the country in any way and Kerala will not toe such a line.

"From the Rs 20 lakh crore financial package that has been announced not even 5 per cent of it is reaching the people, while Rs 1.5 lakh crore have been given as tax relief for corporates. Still there is no word on the allocation for public health," said Vijayan.



Show Full Article
News Summary - Conditions for increasing borrowing limits not fair: Kerala CM
Next Story