Centre didn't give money we asked for: Thomas Isaac on Kerala floods aid

Kerala Assembly adopted a unanimous resolution appealing for greater central aid and sanction for accepting aid from foreign countries and multilateral agencies for relief and reconstruction

Thomas Isaac, Kerala Finance Minister
Kerala Finance Minister Thomas Isaac. Photo: Wikimedia Commons
T E Narasimhan Chennai
Last Updated : Sep 15 2018 | 9:27 AM IST
Kerala Finance Minister Thomas Isaac has said that the Centre has not given Kerala the money sought to rebuild the state. Moreover, the state is also not allowed to raise tax and money from other countries.

Kerala did not know what to do, he said.

The state requires at least Rs 60 billion for revenue expenditure towards relief, compensation, repair and maintenance.

"Centre will hardly foot the bill. Do not have independent taxation power. Cannot accept support from countries.Cannot borrow for revenue exp. Any advice what’s to be done?", tweeted Isaac.



Kerala, which faced one of its worst floods in over a century, had asked the Centre for a financial aid of Rs 22 billion for rehabilitation work, but the Centre has granted only Rs 6 billion.

The state had estimated that it would require over Rs 200 billion to rebuild.

As of August, Isaac said, the contributions to the Chief Minister's Distress Relief Fund had crossed Rs 10 billion and he expected it to cross Rs 20 billion.

Last month, Kerala Assembly had adopted a unanimous resolution appealing for greater central aid and sanction for accepting aid from foreign countries and multilateral agencies for relief and reconstruction.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story