Opinion | The challenge of rebuilding Kerala
6 years, 4 months ago

Opinion | The challenge of rebuilding Kerala

Live Mint  

As the flood waters recede gradually in Kerala and the Kodagu district of Karnataka, the focus will begin to shift from relief operations to rebuilding. Such fiscal laws across the world have inbuilt flexibility that allow the borrowing limits to be crossed in the case of special circumstances such as a sharp recession or wars or natural calamities. One possible way to reduce the cost of reconstruction would be the issue of special bonds at interest rates that are far lower than what the bond market would demand. This newspaper suggests that it would be worth structuring a bond where the interest costs of the borrowing are shared by three entities—the Union government can waive taxes; individuals across the world, including the Kerala diaspora, can accept lower interest rates; and the state government will be left with an interest rate that is around a third of what would otherwise have to be paid to investors. Last year’s rankings, released by the government under the Swachh Bharat Abhiyan, ranked Surat as the fourth cleanest city in India, after Indore, Bhopal and Visakhapatnam.Though it has slipped in this year’s rankings, the point is not whether there are parallels between what happened in Surat and what has happened in Kerala and parts of Karnataka, but that natural disasters can provide opportunities for fresh starts.

History of this topic

Budget allocation sought to address tidal flooding issue in Kochi
2 days, 16 hours ago
After High Court Nudge, Centre Agrees To Free Kerala Govt Of ₹120 Crore Arrears For Immediate Use In Wayanad Rehabilitation
4 days, 20 hours ago
Kerala announces township project for landslide-hit Wayanad amid tussle over Centre aid
1 week, 6 days ago
Kerala finalises Wayanad rehabilitation plan, aims to restore homes and livelihoods
2 weeks ago
Kerala cites need for building climate resilience through ‘anticipatory measures’ in seeking ₹4,500 crore in 2025-26 Union Budget
3 weeks, 3 days ago
Budget 2025: Sitharaman holds pre-budget consultation in Jaisalmer, states demand 50-year interest-free loans
3 weeks, 4 days ago
Kerala reiterates demand for ₹24,000-cr. special package in Union Budget
3 weeks, 4 days ago
Kerala High Court Asks Centre If It Can 'Free Up' State Of ₹180 Crore Arrears To Enable Utilisation Of SDRF Funds For Wayanad Rehabilitation
4 weeks ago
Kerala to Karnataka: Sponsorship framework in making for Wayanad victims
4 weeks, 2 days ago
Kerala CM Urges PM Modi To Revoke Finance Ministry’s VGF Repayment Demand For Vizhinjam Seaport
Trending News
1 month ago
Pinarayi Vijayan advocates for Kerala-Tamil Nadu cooperative model for progress
1 month ago
Siddaramaiah to Pinarayi Vijayan: 100-house offer for Wayanad victims still stands
Trending News
1 month ago
Kerala CM Pinarayi Vijayan slams Centre's delay in granting assistance to disaster-affected Wayanad
1 month ago
State disaster fund use follows Centre's rules: Pinarayi Vijayan on High Court criticism
1 month ago
Pinarayi Vijayan slams Centre for 'step-motherly treatment' in Wayanad relief aid
1 month ago
TN Assembly speaker Appavu slams PM Modi for neglecting flood-hit Tamil Nadu, unfair fund allocation
1 month, 1 week ago
Railways Minister flags land acquisition delays in Kerala, Rs12,350 crore projects stalled
1 month, 2 weeks ago
Kerala CM accuses Centre of turning 'blind-eye' towards Wayanad's need for help
1 month, 2 weeks ago
Centre tells Kerala HC that state govt submitted estimate for Wayanad disaster only on Nov 13
1 month, 3 weeks ago
Pinarayi Vijayan asks Kerala MPs to press Centre on key issues in Winter Session
1 month, 3 weeks ago
Wayanad Landslides: BJP Accuses State Govt Of 'Siphoning Off Relief Fund' As Rivals Question 'Delay In Central Aid'
3 months, 4 weeks ago
Telangana Chief Minister urges Centre to release ₹2,000 crore for immediate flood relief
4 months, 1 week ago
PM Modi Wayanad visit Highlights: Modi undertakes aerial survey of landslide-hit areas
5 months ago
Kerala government unveils financial aid for victims in landslides-hit Wayanad
5 months ago
Govt will rebuild houses damaged by rains or flood in Karnataka
5 months, 1 week ago
Chief Minister should first focus on flood relief works, says R. Ashok
5 months, 2 weeks ago
Kerala CM Pinarayi Vijayan Slams Union Budget for Ignoring State Needs
5 months, 3 weeks ago
Kerala promises to underwrite half the cost of ₹3,000-crore Angamaly-Sabari rail project contingent on Centre’s loan
6 months, 2 weeks ago
Kerala facing a very serious liquidity crunch, demands ₹24,000 crore special package
6 months, 3 weeks ago
Centre approves borrowing limit of ₹21,253 Crore for Kerala to tackle economic crisis
7 months, 2 weeks ago
Centre sanctions Rs 21,253 crore borrowing limit for Kerala amid economic crisis
7 months, 2 weeks ago
941 out of 1,102 projects under AMRUT scheme completed in State
8 months ago
Pinarayi Vijayan counters PM Modi’s portrayal of Kerala as a State in decline
8 months, 4 weeks ago
What is Kerala’s fiscal autonomy suit all about? | In Focus podcast
8 months, 4 weeks ago
‘A gesture of compassion’: Kerala CM Pinarayi Vijayan defends CPI(M) leaders’ visit to Panoor bomb blast victim’s residence
9 months ago
Tamil Nadu’s borrowings from banks being projected as Centre’s relief for flood
9 months, 1 week ago
Kerala govt. refusing Centre’s ₹5,000 cr. one-time package is treachery, says Union Minister V. Muraleedharan
10 months ago
Will Allow Additional Borrowing By Kerala If They Withdraw Suit, Centre Tells Supreme Court
10 months, 3 weeks ago
Kerala | A protest and a predicament
11 months, 1 week ago
Kerala Budget: Not quite up to expectations
11 months, 1 week ago
Kerala’s public debt comes down to ₹2.38 lakh crore
11 months, 2 weeks ago
State needs ₹ 188-crore relief fund, says Udhayanidhi Stalin
1 year ago
Nearly 21 lakh beneficiaries in Chennai, nearby districts, covered under cash relief disbursal
1 year ago
Kerala cabinet okays urban policy panel
1 year ago
Tamil Nadu seeks Rs 5,000-crore Central assistance for flood-ravaged Chennai
1 year, 1 month ago
Navakerala Sadas: Kerala CM Pinarayi Vijayan defends ‘streamlined approach’ to handle complaints
1 year, 1 month ago
Centre not responsible for financial crunch in Kerala, says Union Minister V. Muraleedharan
1 year, 2 months ago
Adverse Central policies will deprive Kerala of ₹57,400 crore this fiscal, says Balagopal
1 year, 2 months ago
Kerala’s borrowing limit cut drastically: Balagopal
1 year, 7 months ago
Kerala on upward development, social welfare trajectory: Pinarayi
1 year, 7 months ago

Discover Related