Kerala will approach the Supreme Court against the Central government’s decision to slash the State’s borrowing limit, Finance Minister K.N. Balagopal said here on Monday.
The State government is discussing the matter with senior lawyers, Mr. Balagopal said at a meet-the-press programme organised by the Kesari Memorial Journalists’ Trust.
There is no legal hurdle before the State in moving the Supreme Court on a matter concerning the constitutional rights of States. ‘‘Our stand is that the Centre is imposing needless curbs on the State’s borrowing space,’‘ he said. Mr. Balagopal said the Centre is ignoring the State’s grievances despite taking them up with the Union Finance Minister and the Prime Minister.
