The Kerala government has accused the Indian central government of imposing borrowing curbs as part of a misguided and unfair political strategy. The accusation came in response to a note submitted by the Attorney General, accusing the state of being financially unhealthy. The Kerala government claims that the central government s borrowing limits have deprived the state of resources amounting to INR 1.07 lakh crore ($15 billion) since 2017. The debate over fiscal federalism has been a hot topic, with several states protesting against discriminatory fiscal policies. | Latest News India
Centre accounts for 60% of the country s debts, hence the premise that borrowings of the States can destabilise the economy is exaggerated, Kerala said.
The Central government cannot assume extra-constitutional powers to bolster its public finance management credentials, the State of Kerala told the Supreme Court.
Kerala Govt counters Union Government s claim, says Centre accounts approximately 60 per cent of total debt aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Kerala Govt counters Union Government s claim, says Centre accounts approximately 60 per cent of total debt aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.