State not in a debt trap, says Thomas Issac Former Minister

Friday, June 24, 2011: Former finance minister and CPI-M legislator Thomas Isaac refuted Governor RS Gavai’s claim that Kerala was in a financial crisis. Speaking to the reporters here on Friday, Issac added that the UDF government was trying to sabotage the welfare schemes in the State.
“I demitted office with a treasury balance of Rs.2,000 crores and what more do they need to make a beginning? It is foolish to say that the state is in a debt trap,” said Issac.

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