National

Kerala CM writes to PM for permission to raise funds

Kerala Chief Minister Pinarayi Vijayan on Thursday wrote to Prime Minister Narendra Modi urging him to allow states to raise funds as the financial condition of all states has reached a difficult position due to diversion of funds to fight Covid-19.

migrator

Thiruvananthapuram

"I have sought his permission to source funds from the open market. I have sought to float 'special pandemic government funds'. I Want to increase the borrowing of our state from three to five per cent. We have asked him to see that when states take funds from external sources, it should not be included in the states' borrowings limits," said Vijayan while speaking to media.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

Northeast Monsoon to kickstart with heavy rains across state today

Super El Niño to raise temperature by 3°C in TN next year

Pilot project to cost Rs 50 lakh: Riverfront Development work to begin from Periyar Bridge at Cooum estuary for 1.7 km

Fourth accused Jeyapaul granted bail in Kavin honour killing case

Royapuram merchants stage road roko, demand removal of street vendors from MC Road

SCROLL FOR NEXT