Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

Borrowing limit curbs: Riyas slams Muraleedharan

Public Works Minister P.A. Mohamed Riyas has said that a Malayalee Union Minister is acting as the executioner of the State.

Speaking to the media here on Tuesday, Mr. Riyas said that borrowing money for welfare activities of a State was its right.

The State government had requested the Centre to provide ₹32,442 crore during the current financial year. But the Centre had drastically cut down the limit from ₹23,000 crore to ₹15,000 crore, Mr. Riyas said.

Since the decision of the Union government to cut down the State’s borrowing limit would adversely affect the entire people, including BJP workers, the Minister should act against it by using his authority, Mr. Riyas said. However, the Minister was for reducing the borrowing limit, and such a gesture from the Minister was quite unfortunate, he added.

Union Minister of State for External Affairs V. Muraleedharan had on Monday said that the State’s borrowing limit had not been reduced, and that the financial mismanagement of the government was the reason behind the crisis in the State.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.