City
Epaper

Kerala has lost Rs 50,000 cr due to lockdown: Thomas Issac

By IANS | Updated: April 12, 2020 17:25 IST

Finance Minister of Kerala Thomas Issac on Sunday said that the state has lost Rs 50,000 crore due to the lockdown which has been imposed to reign in coronavirus.

Open in App

Thiruvananthapuram, April 12 Finance Minister of Kerala Thomas Issac on Sunday said that the state has lost Rs 50,000 crore due to the lockdown which has been imposed to reign in coronavirus.

Issac told the media that time is running out and Centre should now extend all possible financial help to the state.

"We have now borrowed at high rates because, we will go to any extent to come to the help of people. When it comes to that, we don't look at the interest rate. The Centre should now stop talking and should act. If we are borrowing, then we are giving everything to our people. Other states are not doing the way we are helping the people in all respects. The Centre has to give what's ours and by the end of April the loss will be around Rs 55000 crore. They can very well borrow from the RBI and give us," said an angry Issac.

He added that the state cabinet will meet on Monday to decide how the lockdown measures should be after current spell ends on Tuesday (April 14) and it will be one which would be flexible.

( With inputs from IANS )

Open in App

Related Stories

CricketUsman Khawaja to retire from international cricket after fifth Ashes Test in Sydney

Cricket"I'm a coloured cricketer": Usman Khawaja slams racial stereotyping

InternationalMamdani takes over as New York mayor resolving to rule ‘audaciously’ as ‘democratic socialist’ 

MumbaiMumbai Traffic Police Catch Over 200 Drunk Drivers on New Year’s Eve

National‘Delhi Shabdotsav 2026’ to be inaugurated today

कारोबार Realted Stories

BusinessCentre kicks off e-Bill System for handling Rs 2 lakh crore fertiliser subsidy

Business716 applications worth Rs 3,141 crore sanctioned under CGSE within 1 month: Govt

BusinessGlobal index shows corruption is on the rise in Pakistan

BusinessSEBI bars 26 traders for price manipulation in DU Digital Global shares

BusinessPakistan surviving on IMF reviews but economy remains vulnerable as ever: Report