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COVID-19: Kerala seeks Centre's permission to issue Pandemic Relief Bonds

Thiruvananthapuram, Apr 9 (UNI) Kerala Chief Minister Pinarayi Vijayan on Thursday requested the Central Government to grant permission to State Governments to issue special Pandemic Relief Bonds to overcome the financial crisis due to COVID-19.
"Kerala has informed Prime Minister Narendra Modi about the economic crisis in the State following the spread of Covid-19. All States are in financial distress as revenues have stopped and the public healthcare expenditure has increased manifold to contain the outbreak," the Chief Minister said while addressing a press conference at the Government Secretariat.
"In this difficult scenario, we will have to borrow from the open market to continue the work and also to ensure that there is no break in our efforts due to lack of funds. Therefore, permission may be granted to State Governments to issue special Pandemic Relief Bonds," he said.
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