MAJOR LEGAL-POLITICAL VICTORY FOR CASH-STRAPPED KERALA
SUPREME COURT'S KERALA RULING SEVERE SETBACK FOR MODI GOVERNMENT
2024-03-09 12:06
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Cash-strapped Kerala scored a significant legal-political victory when the Supreme Court directed the Union Government to allow the State additional market borrowing to the tune of Rs 13,608 crore. The apex court’s ruling has come as a big relief for Kerala, which has been struggling to meet its financial commitments, including payment of salaries and pensions. To the acute embarrassment of the Union Government, the SC also came down heavily on the Centre’s insistence that Kerala withdraw the case before the Centre released the funds, which are the State’s legitimate dues.