{"id":5253,"date":"2024-06-14T01:58:02","date_gmt":"2024-06-14T01:58:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=5253"},"modified":"2024-06-14T01:58:02","modified_gmt":"2024-06-14T01:58:02","slug":"govt-to-raise-1-5k-cr-amid-financial-crisis","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/govt-to-raise-1-5k-cr-amid-financial-crisis\/","title":{"rendered":"Govt to raise 1.5k-cr amid financial crisis"},"content":{"rendered":"<p>The  has decided to raise Rs 1,500 crore from the market as Kerala continues to be in a financial crisis.<\/p>\n<p>The government decided to raise the amount and use it for developmental activities in state. However, it is also learnt <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n              <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>   <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> that the funds are meant for the disbursal of salaries and pensions next month.<\/p>\n<p>The states main committed expenditure include salaries, pensions and interest payments on loans and the revision of salaries and pensions based on the recommendations of the 11thpay commission alone has caused an additional burden of Rs 15,000 crore annually to the exchequer.<\/p>\n<p>Additionally, the state&#8217;s share from central taxes was reduced to 1.92% by the 15th <a href=\"https:\/\/exam.pscnotes.com\/finance-commission\">Finance Commission<\/a>, which was earlier 3.875% during the 10th finance commission. Kerala has sustained a loss of at least Rs 20,000 crore through this head, the finance minister had said.<\/p>\n<p>Even when the government blames Centre for reduced <a href=\"https:\/\/exam.pscnotes.com\/revenue-deficit\">Revenue Deficit<\/a> grant, the state is the recipient of the largest share of revenue deficit grant as recommended by the 15th finance commission from 2020-21 to 2025-26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The has decided to raise Rs 1,500 crore from the market as Kerala continues to be in a financial crisis. The government decided to raise the amount and use it for developmental activities in state. However, it is also learnt that the funds are meant for the disbursal of salaries and pensions next month. The &#8230; <a title=\"Govt to raise 1.5k-cr amid financial crisis\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/govt-to-raise-1-5k-cr-amid-financial-crisis\/\">Read more <span class=\"screen-reader-text\">Govt to raise 1.5k-cr amid financial crisis<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1099],"tags":[632],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt to raise 1.5k-cr amid financial crisis - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/govt-to-raise-1-5k-cr-amid-financial-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to raise 1.5k-cr amid financial crisis\" \/>\n<meta property=\"og:description\" content=\"The has decided to raise Rs 1,500 crore from the market as Kerala continues to be in a financial crisis. The government decided to raise the amount and use it for developmental activities in state. However, it is also learnt that the funds are meant for the disbursal of salaries and pensions next month. The ... 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The government decided to raise the amount and use it for developmental activities in state. However, it is also learnt that the funds are meant for the disbursal of salaries and pensions next month. The ... 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