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Fiscal federalism: No breakthrough in talks with Centre, says Kerala FM

By Business Standard - 9 months ago
Kerala Finance Minister KN Balagopal on Thursday said there was no "breakthrough" in the meeting between the state officials and Centre over the issues of fiscal federalism. A four-member group, headed by Balagopal, held a meeting with central government officials, including the Union Finance Secretary. The Kerala government has approached the Supreme Court, accusing the Centre of interfering in the exercise of its "exclusive, autonomous and plenary powers" to regulate the state's finances by imposing a ceiling on net borrowing. "There was no positive outcome at today's meeting... there was no breakthrough. We submitted the most feasible options (to the Centre)," Balagopal said at a press briefing in the national capital. The meeting was convened after the Centre on February 13 told the apex court that it is open to discussions with Kerala to resolve the dispute. Apart from Balagopal, other members of the group are Chief Principal Secretary to the Chief Minister KM Abraham, Financ

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