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

MumbaiMumbai: Man Dies by Suicide After Jumping in Front of Train; Leaves Video Alleging Wife’s Affair, Probe On

TechnologyKalpakkam nuclear reactor reflects India’s engineering enterprise: PM Modi​

BusinessKalpakkam nuclear reactor reflects India’s engineering enterprise: PM Modi​

NationalOdisha Guv fills VC posts in 14 varsities after criticism over vacancies​

NationalKalpakkam nuclear reactor reflects India’s engineering enterprise: PM Modi​

कारोबार Realted Stories

BusinessBCAS, RRU to establish India’s indigenous aviation security equipment testing centre

BusinessBangladesh faces LDC graduation setback amid economic instability

BusinessMinistry of Mines notifies new rules to boost exploration of critical minerals

BusinessSalary hikes in India Inc likely to stay stable at 9.1 pc in 2026

BusinessMoody’s keeps India rating at Baa3 with stable outlook