• SENSEX
    NIFTY 50
Economy

Flood-ravaged Kerala seeks at least $1.4 billion loan for reconstruction

Updated : August 22, 2018 06:54 AM IST

The proposed loan is part of a special package that Kerala, which estimates it has suffered damage of at least 200 billion rupees, will seek from Prime Minister Narendra Modi's government for rebuilding efforts, minister Pinarayi Vijayan said.
Kerala will ask Modi's government to raise the state's borrowing ceiling to 4.5 percent of its GDP from 3 percent, which will help raise an additional 105 billion rupees from the market, Vijayan said.
Flood-ravaged Kerala seeks at least $1.4 billion loan for reconstruction
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV