THIRUVANANTHAPURAM: The state's financial crisis has eased slightly with the Centre sanctioning a loan of Rs 13609 crore. Once this amount is confirmed, the salary disbursement will be completed within two days. The teachers were given the first share today. The state will find the amount for this. However, there is no guarantee that the full amount will be paid. This is in a situation where the loan received in two instalments will reach the exchequer in full only by the last week of March. Two months' instalment of welfare pension arrears will be paid in April. An instalment of the DA dues of the employees will be included in the April salary and disbursed in early May.

Kerala has an expenditure of Rs 22,000 crore in March. 5600 crore on salary pension expenditure. Also, project costs, expenses to be paid to contractors during the current financial year, cost of the local bodies, loan repayment, interest cost etc. should be paid. The amount received now will be used for it. Efforts are being made to find another 10,000 crore immediately. The state government is hoping that it may be allowed to borrow another ten thousand crores in the follow-up talks with the Centre in Delhi today.

State Finance Department Secretary Rabindra Kumar Agarwal and Chief Principal Secretary to the Chief Minister Dr KM Abraham will hold discussions with the Central Finance Department officials. 15,000 crore was deducted on account of loans taken by KIIFB and Social Security Company.

6200 crores before 15th and 7409 crores after 20th

4866 crores for reforms in the energy sector

4323 crores for public account deposits

Balance in loan sanction- 1877 crores.

Replacement Loan- 2543 crores.

A total of 13609 crores of loan sanctioned

Even though it will be applied for today, the Reserve Bank is being asked to take steps for the loan in two phases on 12th and 19th. The bank will auction the bond and share certificate on those days. It will take two days for the amount to be available.

Supreme Court to the rescue: Kerala allowed to borrow 13608 crores

NEW DELHI: In the context of severe financial crisis, the Supreme Court has directed Kerala to accept the loan sanction of 13608 crores offered by the Centre. The Supreme Court rejected the Centre's demand to withdraw the petition, which was a blow to the Centre. A bench consisting of Justice Suryakant and KV Viswanathan directed to continue the discussion on Kerala's demand to obtain loan approval of Rs 15,000 crore from the Centre.

The court prohibited public statements from the leaders during the discussion. When asked why the loan sanction of 13608 crores was not accepted despite the critical situation, Kerala pointed out the central condition to withdraw the case.

The court held that the state has the right to file a case against the Centre under Article 131 of the Constitution. The Centre can impose any other conditions within the limits of the Constitution. The court will consider the case only after the outcome of the discussions is brought to the notice.