7 months ago
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Kerala has reiterated its petition for an further borrowing bounds of 0.5% of the Gross State Domestic merchandise (GSDP) during a gathering betwixt Chief Minister Pinarayi Vijayan and Union Finance Minister Nirmala Sitharaman successful New Delhi connected Thursday.
Kerala Finance Minister K.N. Balagopal besides was contiguous connected the occasion.
Mr. Balagopal aboriginal told reporters that Kerala has urged the Centre to reconstruct ₹3323 crore clipped from its borrowing ceiling successful the sanction of the Guarantee Redemption Fund (GRF), and to let it an further borrowing of astir ₹6000 crore implicit the nety borrowing ceiling bearing 25%t of the onshore acquisition outgo for NH development.
Kerala besides repeated its petition got the restoration of ₹965.16 crore deducted successful April 2025 connected relationship of an beforehand apportionment made by the Centre to marque up for a shortfall successful the Integrated Goods and Services Tax (IGST) balance.
Mr. Balagopal said the Union Finance Minister has responded positively to the State’s requests.
