{"id":6841,"date":"2024-06-14T02:48:54","date_gmt":"2024-06-14T02:48:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=6841"},"modified":"2024-06-14T02:48:54","modified_gmt":"2024-06-14T02:48:54","slug":"centre-slashes-states-borrowing-capacity-again","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/centre-slashes-states-borrowing-capacity-again\/","title":{"rendered":"Centre slashes state&#8217;s borrowing capacity again"},"content":{"rendered":"<p>The state, once again, is staring at a major financial crisis after the Centre slashed Kerala&#8217;sborrowingcapacity by almost Rs 8,000 crore for the ongoing financial year.<\/p>\n<p>With the Centre&#8217;s latest decision, the state can borrow only a maximum of Rs 15,390 crore for the first nine months of the ongoing financial year. Kerala has already borrowed Rs 2,000 crore for disbursing salaries and pensions, which forms the state&#8217;s biggest expenses. In effect, the state can borrow only up to Rs 13,390 crore for the stated period for meeting various expenses. Last year, the state was allowed to borrow Rs 23,000 crore.<\/p>\n<p>The state has been maintaining <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                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> that the Centre&#8217;s discriminatory approach towards Kerala has been smothering the state. In February this year, the state had received a communique from the Centre that its borrowing limit for the last quarter of the last financial year has been limited to Rs 937 crore, by cutting down the expected limit by Rs 2,700 crore. Though the norms say that the state can borrow up to a maximum of 3% of the GDP, the Centre had also included the <a href=\"https:\/\/exam.pscnotes.com\/resources\">Resources<\/a> raised through KIIFB and the Kerala social security pension limited under the state&#8217;s borrowings, thereby reducing the limit of state&#8217;s further borrowing capacity.<\/p>\n<p>As per article 293 (3) of the Constitution, the state cannot, without the <a href=\"https:\/\/exam.pscnotes.com\/union-government\">Union Government<\/a>&#8216;s <a href=\"https:\/\/exam.pscnotes.com\/consent\">Consent<\/a>, raise any loan if there <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> is still any outstanding part of a loan which has been made to the state by the Centre or in respect of which a guarantee has been given by the Centre.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state, once again, is staring at a major financial crisis after the Centre slashed Kerala&#8217;sborrowingcapacity by almost Rs 8,000 crore for the ongoing financial year. With Join Our Telegram Channel Subscribe on YouTube the Centre&#8217;s latest decision, the state can borrow only a maximum of Rs 15,390 crore for the first nine months of &#8230; <a title=\"Centre slashes state&#8217;s borrowing capacity again\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/centre-slashes-states-borrowing-capacity-again\/\">Read more <span class=\"screen-reader-text\">Centre slashes state&#8217;s borrowing capacity again<\/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":[700],"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>Centre slashes state&#039;s borrowing capacity again - 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\/centre-slashes-states-borrowing-capacity-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centre slashes state&#039;s borrowing capacity again\" \/>\n<meta property=\"og:description\" content=\"The state, once again, is staring at a major financial crisis after the Centre slashed Kerala&#8217;sborrowingcapacity by almost Rs 8,000 crore for the ongoing financial year. With the Centre&#8217;s latest decision, the state can borrow only a maximum of Rs 15,390 crore for the first nine months of the ongoing financial year. Kerala has already ... 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With the Centre&#8217;s latest decision, the state can borrow only a maximum of Rs 15,390 crore for the first nine months of the ongoing financial year. Kerala has already ... Read more Centre slashes state&#8217;s borrowing capacity again","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T02:48:54+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/","name":"Centre slashes state's borrowing capacity again - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T02:48:54+00:00","dateModified":"2024-06-14T02:48:54+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/centre-slashes-states-borrowing-capacity-again\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Centre slashes state&#8217;s borrowing capacity again"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6841"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6841"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6841\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}