Kerala Finance Minister requests a state-specific financial approach and a Rs 24,000 crore package in the Union Budget.

Kerala Finance Minister, K N Balagopal, urges the Centre to adopt a state-specific financial approach for development instead of a uniform one. Each state has unique developmental activities, and he calls for flexibility in utilising Centrally Sponsored Schemes depending on state requirements. With concerns over reduced central fund transfers and borrowing restrictions, Kerala demands a special Rs 24,000 crore package in the upcoming Union Budget to tackle liquidity stress.

June 30, 2024
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