New Delhi, March 13 (IANS) The Kerala government on Wednesday refused to accept a one-time bailout package of Rs 5,000 crore offered by the Centre before the Supreme Court.
A bench, headed by Justice Surya Kant, was hearing a suit filed by the state’s Pinarayi Vijayan government challenging ceiling limits imposed by the Centre on the state’s borrowing.
Rejecting the Centre’s offer, senior advocate Kapil Sibal, appearing for the Kerala government, submitted that the southern state is entitled to borrow Rs 10,000 crore under the law and he is ready to argue the question of interim relief on merits.
He added that the conditions in the Centre’s offer are very stringent and based on the assumption that the suit is liable to be dismissed.
The matter is now scheduled to be heard on March 21.
In an earlier hearing, the top court had suggested the parties sit down together to resolve the issue.
The Kerala government has asserted that the state has the exclusive power to regulate its finances through the preparation and management of its budget and borrowings.
In a suit filed under Article 131 of the Constitution, the Kerala government has raised questions over the authority of the Union government to interfere with the powers of the state to regulate its own finances under several provisions of the Constitution
–IANS
pds/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
