https://www.taxtmi.com/news?id=67028 Kerala quantifies a resource gap exceeding Rs 21,000 crore due to borrowing limit cuts and GSDP estimation losses and seeks targeted fiscal measures: an additional borrowing space of 0.5% of GSDP for capital expenditure; earmarking 25% of 50 year interest free capex loans as an Asset Renewal Fund; and a revenue protection framework with rule based Compensation Cess compensation for GST rate rationalisation. The state also requests restoration of prior rural employment financing, an increase in central CSS share to 75%, and dedicated central allocations for infrastructure, sectoral relief, and social welfare. en-us Sat, 10 Jan 2026 23:01:03 +0530 Sat, 10 Jan 2026 23:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67028 Kerala quantifies a resource gap exceeding Rs 21,000 crore due to borrowing limit cuts and GSDP estimation losses and seeks targeted fiscal measures: an additional borrowing space of 0.5% of GSDP for capital expenditure; earmarking 25% of 50 year interest free capex loans as an Asset Renewal Fund; and a revenue protection framework with rule based Compensation Cess compensation for GST rate rationalisation. The state also requests restoration of prior rural employment financing, an increase in central CSS share to 75%, and dedicated central allocations for infrastructure, sectoral relief, and social welfare. News - Sat, 10 Jan 2026 23:01:03 +0530 https://www.taxtmi.com/news?id=67028