Category: Finance

Thiruvananthapuram, May 18: Kerala Chief Minister, Shri Pinarayi Vijayan has said that the five-phased financial package announcements by the Union Finance Minister had nothing for the public healthcare sector. During this Covid situation, a substantial public healthcare package was required.

Thiruvananthapuram, May 15: Kerala Chief Minister, Shri Pinarayi Vijayan today repeated the demand of the State Government to increase its borrowing limit from the current 3% to 5%. “Because of the lockdown, there has been a drastic fall in the revenue collection and to overcome the financial constraints, we need a hike in the borrowing limit. The Central Government has recently increased its borrowing limit to 5.5% but the State’s limit is still at 3%. Despite repeated requests, the Centre has not bothered to increase the borrowing limit. It is…

Thiruvananthapuram, April 29: In the wake of the financial crisis created by the spread of the Covid-19 pandemic, the Kerala government had decided to defer the payment of six days salary of government employees for the next five months but the Kerala High Court had stayed the order. Chief Minister, Shri Pinarayi Vijayan announced that in the context of the High Court order, the cabinet meeting held today has decided to recommend to the Governor to promulgate an ordinance to give legal effect to the government’s decision.

Thiruvananthapuram, April 13: Kerala Chief Minister, Shri Pinarayi Vijayan today demanded the inclusion of State Relief Funds to be made eligible for Corporate Social Responsibility (CSR) funding by making changes to the Companies Act.