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Tuesday, Jun 17, 2025
"Financial mismanagement and extravagance" of the LDF government resulted in the financial crisis, said Muraleedharan.
Central government had earlier given permission to borrow Rs 32,442 crore but the limit has now been reduced to Rs 15,390 crore.
Centre slashed Rs 17,052 crore from this borrowing limit.
The corporations will be formed on the lines of the model in Tamil Nadu which has eight road transport corporations.
The first instalment of salary was given before April 5
The budget documents reveal the State’s plan to borrow Rs 25,646 crore from the open market during the financial year.
Reportedly the finance department has sanctioned the additional fund when only Rs 2.5 crore was earmarked in the annual budget.
The KTDFC had borrowed Rs. 150 crore from Palakkad District Cooperative Bank and Rs. 200 crore from Ernakulam District Cooperative Bank for extending a loan of Rs 350 crore to KSRTC.
The government has granted Rs 30 crore to KSRTC for distributing the salary.
SVB had exposure in at least 21 startups in India although it did not reveal the size of the investment in these startups.
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