Centre releasing State’s due tax share not financial assistance: Kerala FM

He was reacting to media reports suggesting that the Centre has provided 'financial aid' to the state reeling under severe financial crisis.

BySouth First Desk

Published Mar 02, 2024 | 7:22 PMUpdatedMar 02, 2024 | 7:22 PM

Finance Minister KN Balagopal (X)

Kerala Finance Minister KN Balagopal on Friday, 1 March, rejected media reports that the Union government had released financial assistance to the state, and said reporting the transfer of funds due to the state as tax share and settlement of IGST as assistance is “misleading”. Balagopal said ₹2,736 crore tax share and ₹1,386 crore IGST settlement were made available recently.

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