Get latest articles and stories on India at LatestLY. Kerala Finance Minister K N Balagopal has requested Union Finance Minister Nirmala Sitharaman to exclude balances in the public account of the states and borrowings by entities run by them while determining their net borrowing capacity, as was the situation before August 2017, in view of the grave financial crisis the southern state was facing. India News | Don't Include Borrowings of State Entities in Debt of State Govt: Kerala FM to Union FM.