Adversitement
Supreme Court Urges Centre to Provide One-Time Financial Package to Kerala to Address Crisis
Published On : 2024-03-12T16:17:08+0530 [ IST ] |
Author : Mayur_Tembhare
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India / Kerela :
The Supreme Court, led by Justice Surya Kant, has intervened in Kerala's crisis" target="_blank">financial crisis, urging the Centre to provide the state with a one-time financial package before March 31 to help address its urgent needs. This move comes in response to Kerala's plea accusing the Union government of violating federal governance principles and imposing restrictive borrowing limits, which have severely impacted the state's economy.
During a hearing on March 12, the Bench emphasized the need for immediate assistance to Kerala as a "special case," acknowledging the state's dire financial situation. Initially reluctant, the Centre, represented by Attorney General R. Venkataramani and Additional Solicitor General N. Venkataraman, eventually agreed to discuss the issue further and provide a response to the court by March 13.
Justice Kant suggested that while Kerala could receive special assistance in the short term, the Centre could impose stricter conditions for financial aid in the future. He proposed that any concessions granted to Kerala should be offset by more rigid conditions in subsequent budgets.
The Bench's directive to the Centre underscores the urgency of Kerala's financial plight and emphasizes the need for immediate action to prevent further deterioration. The court's intervention aims to address Kerala's concerns regarding the arbitrary limitations imposed by the Centre on its borrowing powers, which have pushed the state to the brink of a financial emergency.
Kerala's original suit in the Supreme Court highlights the state's grievances against the Union government's policies, alleging significant damage to its economy due to restrictive measures. In response, the Centre has defended its actions, citing Kerala's poor financial management and warning of broader implications for the country's credit rating.
As discussions between Kerala and the Centre continue, the Supreme Court's intervention underscores the importance of resolving the crisis" target="_blank">financial crisis promptly and ensuring equitable governance in accordance with federal principles.
Source : The Hindu | Time Algerbra
Tags : financial crisis , federal governance , borrowing powers. , one-time package , Supreme Court , Centre , Kerala ,
Summary : The Supreme Court, headed by Justice Surya Kant, has urged the Centre to extend a one-time financial package to Kerala to help the state overcome its current crisis" target="_blank">financial crisis before March 31. While initially hesitant, the Centre agreed to discuss the matter and report back to the court. The court emphasized that Kerala could be granted special assistance with stricter conditions, considering it a unique case. The exchange occurred during a hearing on Kerala's plea alleging violations of federal governance by the Union government, which imposed limitations on the state's borrowing powers.
Adversitement