https://www.taxtmi.com/news?id=45593 Kerala has begun constituting a Guarantee Redemption Fund as required by revised guidelines that mandate setting aside either a specified share of Gross State Domestic Product or a percentage of outstanding guarantees; any shortfall is deducted from the annual borrowing limit. The state requests reversal of the deduction from its market borrowing ceiling once the GRF is formally notified, and seeks reallocation of a prior adjustment of its borrowing entitlement to a later fiscal year in light of upward GSDP revisions. en-us Tue, 03 Jun 2025 23:01:04 +0530 Tue, 03 Jun 2025 23:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45593 Kerala has begun constituting a Guarantee Redemption Fund as required by revised guidelines that mandate setting aside either a specified share of Gross State Domestic Product or a percentage of outstanding guarantees; any shortfall is deducted from the annual borrowing limit. The state requests reversal of the deduction from its market borrowing ceiling once the GRF is formally notified, and seeks reallocation of a prior adjustment of its borrowing entitlement to a later fiscal year in light of upward GSDP revisions. News - Tue, 03 Jun 2025 23:01:04 +0530 https://www.taxtmi.com/news?id=45593