Amid the row over Kerala’s slashed open market borrowing (OMB) limit, former Finance Minister T.M. Thomas Isaac has said that the State would approach the Supreme Court against the Centre’s decision.
In a Facebook post, he described such a move as an essential step and that the State’s fiscal rights have now emerged as an important political question. Dr. Isaac’s remarks have come on the heels of the Centre reportedly informing the State this week that its borrowing limit for 2023-24 is pegged at ₹20,521.33 crore, less than the State’s projections.
