State Of Play: Borrowing limit slashed by Modi govt leaves Kerala in the lurch but the issue is bigger

Kerala Government accuses the Narendra Modi Government of reducing Kerala's Open Market Borrowing (OMB) by more than half this fiscal year.

ByAnusha Ravi Sood

Published Jun 01, 2023 | 1:02 PM Updated Jun 01, 2023 | 1:02 PM

The Pinarayi Vijayan-led Kerala Government accuses the Narendra Modi Government of reducing Kerala’s Open Market Borrowing (OMB) by more than half this fiscal year.

On State Of Play, political editor Anusha Ravi Sood explains why while more than 50 lakh vulnerable beneficiaries suffer, the question has now extended to the state’s entitlement, rights & federal principles over fiscal management.