Centre informs Supreme Court of Kerala's exceeding borrowing limits, raising concerns over state's finances.

The Centre informed the Supreme Court that Kerala's government has been exceeding its borrowing limits in recent years, raising concerns over the state's financial condition. Despite the Centre's assertion, the Kerala government maintained that its finances are "sustainable enough" to accommodate the excess borrowing from previous years. The Supreme Court is hearing arguments regarding the state's accusation against the Centre, alleging interference in its financial management.

March 21, 2024
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