Borrowing

Centre rejects Kerala's demand to borrow more

September 14, 2023

Centre rejects Kerala's demand to borrow more

The Union Finance Ministry has replied that the State's demand is against the Fiscal Responsibility Act.

June 09, 2023
Borrowing dispute: Centre makes bewildering claims, refuses to take Kerala into confidence

The ministry's last communication with Kerala was a letter sent on May 26. On the basis of this, Kerala officially holds that it could borrow only Rs 15,390 crore.
May 30, 2023
Analysis | How much can Kerala borrow? Balagopal and Muraleedharan add to confusion

On May 27, Kerala's finance minister K N Balagopal said the Centre had slashed Kerala's open market borrowing for the 2023-24 fiscal by more than half.
May 28, 2023
Centre conducting 'research' on how to harass Kerala govt: CM Pinarayi Vijayan

CPM on Saturday said the central government reduced its borrowing limit to Rs 15,390 crore from Rs 32,500 crore.
November 02, 2022
Kerala borrows Rs 2,000 cr more to stay afloat

The borrowing has been made at an interest rate of 7.83 per cent with a repayment tenure of 23 years.
May 13, 2022
Kerala's KIIFB dream comes under serious threat. Centre issues new off-budget borrowing decree

If this Centre-State conflict persists, Kerala's fiscal position could turn precarious.
February 02, 2022
Union Budget proposals may shrink Kerala's borrowing powers

The loan availing limit of the Kerala Government would get reduced by a minimum of Rs 4,500 crore next year.

June 03, 2020
Kerala borrows Rs1,500 crore from RBI to pay salaries, pension

The state government borrowed Rs1,000 crore at 6.55% for 10 years and Rs500 crore at 5.44% for four years in the bond auction held by the RBI on Tuesday.