Fin Min extends deadline for states to implement reforms to avail addl borrowing
NEW DELHI : The Finance Ministry has extended the deadline till February 15 for states to implement reforms like one-nation one ration card and those in the power sector to become eligible for additional borrowing in the current fiscal, a release said.
To meet the extra fund requirements of states on account of COVID-19 pandemic, the Centre in May had decided to raise the borrowing limit of the states by 2 per cent of their GSDP, over and above the 3 per cent limit set under the Fiscal Responsibility and Budget Management (FRBM) Act.
FinMin extends deadline for states to implement reforms to avail additional borrowing financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Finance Ministry extends deadline for states to implement reforms to avail additional borrowing
To meet the extra fund requirements of states on account of COVID-19 pandemic, the Centre in May had decided to raise the borrowing limit of the states by 2 percent of their GSDP, over and above the 3 percent limit set under the Fiscal Responsibility and Budget Management (FRBM) Act. PTI December 16, 2020 / 03:21 PM IST
The Finance Ministry has extended the deadline till February 15 for states to implement reforms like one-nation one ration card and those in the power sector to become eligible for additional borrowing in the current fiscal, a release said.
Centre releases 7th instalment of GST of Rs 6,000 crores to states ANI | Updated: Dec 14, 2020 19:19 IST
New Delhi [India], December 14 (ANI): The Ministry of Finance on Monday released the seventh weekly instalment of Rs 6,000 crore to the states to meet the Goods and Services Tax (GST) compensation shortfall, an official statement said here.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the three Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council, informed the Ministry of Finance.
Centre releases 7th instalment of GST of Rs 6,000 crore bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.