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The Central Government Denies Kerala’s Request for Additional Borrowing Amid Financial Crisis

Central Government Rejects Kerala’s Request for More Borrowing Thiruvananthapuram – The central government has declined Kerala’s appeal for additional borrowing, citing violation of the Fiscal Responsibility Act. Kerala was hoping to secure around Rs 8000 crore through the proposed borrowing, sparking concerns within the finance department regarding funding for daily expenses in the upcoming months. […]