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

Due to the lockdown put in place to check the spread of coronavirus, Kerala incurred a loss Rs 50,000 crore, says Finance Minister of Kerala Thomas Issac. He also urged the central government to extend all possible financial help to the state.

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Published : Apr 12, 2020, 6:53 PM IST

Thiruvananthapuram: 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 the current spell ends on Tuesday (April 14) and it will be one which would be flexible.

IANS REPORT

Also Read: Karnataka Govt studying in-depth consequences of lockdown norms relaxation

Thiruvananthapuram: 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 the current spell ends on Tuesday (April 14) and it will be one which would be flexible.

IANS REPORT

Also Read: Karnataka Govt studying in-depth consequences of lockdown norms relaxation

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