Keralam CM urges Centre to exclude Rs.5,580 cr land acquisition funds from borrowing limit; flags oil price
Thiruvananthapuram, May 26 -- Keralam Chief Minister VD Satheesan on Tuesday said that the state government has requested the Centre to exclude the Rs.5,580 crore contributed for National Highway land acquisition from the state's borrowing limit.
Addressing a press conference, the Chief Minister highlighted the state's significant financial contribution to infrastructure and the resulting impact on its borrowing capacity.
"Keralam has contributed Rs.5,580 crore towards land acquisition for the National Highway project, which has already been transferred to the NHAI. We have requested that this amount be excluded from the state's borrowing limit," the Chief Minister said.
Explaining the technicalities of the state's fiscal space, the CM...
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