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Tuesday, Jun 24, 2025
Though tax revenues looked fairly good in 2023-24, Kerala's total revenue receipts fell nearly 20% of the Budget estimate.
Even as the State has been crying foul over the Centre lowering the borrowing limit, Kerala availed a loan of Rs 7,389 crore more than it had availed in the previous fiscal.
Among the 62 lakh beneficiaries, all those who completed the mustering process will receive the pension.
In a statement, the state committee of KPCTA alleged that the government's financial mismanagement was the reason behind the freezing of salaries and pensions.
The minister also cited a specific technical issue with the Employee Treasury Savings Bank (ETSB) accounts that restricts withdrawals to Rs 50,000.
He said such fund transfers being reported as financial assistance is "misleading".
A crisis has engulfed the health sector in Kerala with the National Health Mission getting paralysed due to the Centre's refusal to release its commitment of a whopping Rs 826.03 crore.
The BJP-led central government laid this demand before the Supreme Court on Monday.
The Kerala govt has approached the SC, accusing the Centre of interfering in the exercise of its 'exclusive, autonomous and plenary powers' to regulate the state's finances by imposing a ceiling on net borrowing.
'In this neoliberal world, even the CPM has to surrender to the demands of a free market,' seems to be the party's new mantra.
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