100s of titles, one news app for just $10 a month.
Dive Deeper:
Borrowings never pushed State into crisis: Balagopal
State expecting favourable decision from Centre on borrowing limit: Minister
Centre permits State to borrow ₹5,000 crore from market
Amount to be adjusted when borrowing schedule is finalised 
Centre acts tough on borrowings, Kerala in a tight spot
Clarification sought regarding previous borrowings
A financial quandary
Telangana is anxious as it has not yet been permitted to raise funds through open market borrowings
One subscription that gives you access to news from hundreds of sites
Step taken to curb fake lotteries, says Minister
THIRUVANANTHAPURAM
Minister to launch Kudumbashree silver jubilee celebrations
Development seminars to be held across the State
Get all your news in one place
Latest National news:
Harnett & The Pony Boys loosen the reins on wild night
THE biggest compliment you could pay Caitlin Harnett The Pony Boys is that they're a lot of fun. Rollicking fun,…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
COVID hospitalisations hit record high for second-straight day
There 84 people in Canberra hospitals with the virus.
Australia federal election 2022 live: Gillard says Labor would be ‘a government for women’; phone voting expanded for people with Covid
Follow all the day’s developments
What's on this weekend in Newcastle and the Hunter Valley
Live music, markets, a comedy festival, ice hockey, model trains and superboats ... there's something for everyone.
Uncovered Tweets Show Katherine Deves Seemingly Encouraging Visits To A Far-Right Forum
Well, fuck.
From analysis to good news, read the world’s best news in one place
Win a seven-night Arabian Peninsular cruise for two
Imagine that dream holiday costing you absolutely nothing - well, that could be a possibility with our latest cruise competition.
Robben Ford warm-up show a lesson in jazz and the blues
Robben Ford kicked out the cobwebs in style with an enthralling two-hour set of jazz and blues.

Salary, pension payments will not be hit: Balagopal

By Special Correspondent

Finance Minister K. N. Balagopal has denied that Kerala is in the midst of a severe financial crisis, but said the State could find itself in trouble once the Centre stops the Goods and Services Tax (GST) compensation after June.

Talking to reporters here on Saturday, Mr. Balagopal rejected reports that the payment of salaries and pensions would be affected due to the present financial situation.

''However, the GST compensation would be discontinued after June 30. If the State is denied what is due to it, it can seriously affect development activities,'' the Minister said.

On Friday, the Centre had permitted Kerala to borrow ₹5,000 crore on an ad hoc basis, providing temporary relief to the State. Over the past few weeks, the State government had been in touch with the Centre after the latter put its foot down on off-budget borrowings and held off giving the nod for market borrowings in the first quarter of 2022-23.

Meanwhile, Minister of State for External Affairs V. Muraleedharan termed fiscal indiscipline as the root cause for the crisis currently faced by the State. The Centre had written thrice to the State seeking clarifications regarding borrowings but the State was yet to provide them.

The Centre had given the nod for ₹5,000 crore so that the State government could meet urgent requirements. Yet, the Chief Minister was alleging that the Centre was hindering the State's development, Mr. Muraleedharan said.

The State government was allowing trade union leaders to plunder public funds even as Mr. Balagopal was blaming the Centre for not permitting the State to go in for borrowings, Mr. Muraleedharan alleged.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Borrowings never pushed State into crisis: Balagopal
State expecting favourable decision from Centre on borrowing limit: Minister
Centre permits State to borrow ₹5,000 crore from market
Amount to be adjusted when borrowing schedule is finalised 
Centre acts tough on borrowings, Kerala in a tight spot
Clarification sought regarding previous borrowings
A financial quandary
Telangana is anxious as it has not yet been permitted to raise funds through open market borrowings
One subscription that gives you access to news from hundreds of sites
Step taken to curb fake lotteries, says Minister
THIRUVANANTHAPURAM
Minister to launch Kudumbashree silver jubilee celebrations
Development seminars to be held across the State
Get all your news in one place