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The Hindu

National

Special Correspondent

State can borrow ₹ 17,936 crore till December

Amid the row over Kerala's borrowing limit, the Centre has finalised it at ₹17,936 crore for the nine-month period up to December this year.

Compared to the same period last year, the limit is lower by ₹5,656 crore.

Reacting to the development, Finance Minister K.N. Balagopal described it as an ''arbitrary decision'' taken by the Union government that will affect development and welfare measures in the State.

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