Kerala among most financially unhealthy States; makes substantial off-budget borrowings: Centre to Supreme Court

The Attorney General's written note came in response to an original suit filed by the Kerala government raising grievance over alleged interference by the Centre with the State’s power to borrow and regulate finances.
Supreme court, kerala
Supreme court, kerala

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].

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