The Congress-led opposition UDF on Thursday alleged in the Kerala Assembly that the economic situation in the state was being led to a "dangerous" situation by the fiscal mismanagement of the government and staged a walkout after its motion to adjourn House proceedings and discuss the issue was rejected.
Leader of Opposition (LoP) in the Assembly V D Satheesan claimed in the House that the fiscal indicators of the southern state indicate its "fiscal vulnerability" and since the ruling front was not willing to discuss the issue, the UDF was staging a walkout.
His submission came after Speaker M B Rajesh declared that the adjournment motion moved by Congress MLA Mathew Kuzhalnadan was rejected in view of Kerala Finance Minister K N Balagopal's response to the same.
Kuzhalnadan had raised concerns regarding the alleged financial crisis in the state and the proper functioning of the government-run company which disburses the social security pension.
The concerns raised by the MLA were rejected by the minister who said financial problems in the state were due to the policies of the Centre and that the pension disbursing company was functioning properly and the state government will not forsake its responsibility to provide social security pension.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


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