Stay updated with breaking news from Net Borrowing Ceiling. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Kerala's financial health is in dire straits due to substantial off-budget borrowings and a compromised fiscal edifice, the Central government recently told the Supreme Court State of Kerala vs Union of India
The Attorney General stated that the financial stress faced by Kerala is purely due to its financial mismanagement.
The Supreme Court sought the response of the Central government in a suit by Kerala against the Centre allegedly interfering with the State’s power to borrow and regulate its own finances.
While the Pinarayi government argues violation of federalism in limiting its borrowing, the Centre says Kerala’s financial crisis is a result of “mismanagement and extravagance” of its administration
Exclusive for Subscribers from Monday to Friday: Why Parliament security breach and UN General Assembly resolution are relevant to the UPSC Exam? What significance do topics like Article 293 (3) of the Indian Constitution, off-budget borrowing and COP28 climate meeting have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for December 14, 2023.