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March 14, 2024 11:12 AM

Centre allows Kerala to borrow Rs 5K crore with conditions

The Central Government has informed the Supreme Court about the possibility of providing Kerala with a one-time financial assistance of Rs 5,000 crores in the current fiscal year, subject to certain conditions. This announcement came during a hearing where Additional Solicitor General N Venkataraman conveyed the Centre's readiness to comply with the court's suggestion regarding financial aid to the state. However, Senior Advocate Kapil Sibal, representing Kerala, expressed disagreement with the...