Borrowings have never pushed Kerala into a dangerous financial situation, Finance Minister K.N. Balagopal said on Monday adding that the State was expecting a favourable decision from the Centre on its borrowing limit.
The Centre had sought certain clarifications and the government was communicating with it in this regard, he told reporters here after releasing the new logo, tagline, and ad campaign of the State Goods and Services Tax (GST) Department.
The Centre was yet to give its nod for market borrowings this fiscal, but had permitted an ad hoc borrowing of ₹5,000 crore for meeting emergency expenses.
