Tax Revenue eases Pressure on Kerala Govt, State Treasury moves out of Overdraft but Still in Deficit

The recent surge in tax revenue has provided temporary relief for the cash-strapped state government, allowing the state treasury to exit its overdraft status. Prior to this, the treasury had been in overdraft for nearly a week, as per TNIE reports.
Tax Revenue - Kerala Govt - State Treasury moves - Overdraft but Still in Deficit - TAXSCAN

The recent surge in tax revenue has provided temporary relief for the cash-strapped state government, allowing the state treasury to exit its overdraft status. Prior to this, the treasury had been in overdraft for nearly a week, as per TNIE reports. However, despite this improvement, the treasury still faces a deficit, necessitating continued restrictions on…

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