Read more about FinMin permits Rs 2,731 crore add l borrowing by Rajasthan post reforms on Business Standard. The Finance Ministry on Tuesday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state undertook reform in one-nation one ration card system.
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Finance Ministry permits 4 states to borrow additional Rs 5,034 crore post ease of doing biz reforms
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Finance Ministry permits 4 states to borrow additional Rs 5,034 crore post ease of doing biz reformsPTI
Last Updated: Feb 06, 2021, 09:45 PM IST
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With this, 12 states, including Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, have undertaken the stipulated reforms to facilitate ease of doing business.
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Till now, 17 states have carried out at least one of the four stipulated reforms and have been granted reform-linked borrowing permissions.
New Delhi: The Finance Ministry has granted permission to four states of Assam, Haryana, Himachal Pradesh and Punjab to borrow an additional Rs 5,034 crore for undertaking ease of doing business reforms. In a statement, the ministry said four more states namely, Assam, Haryana, Himachal Pr
The Finance Ministry has granted permission to four states of Assam, Haryana, Himachal Pradesh and Punjab to borrow an additional Rs 5,034 crore for undertaking ease of doing business reforms. In a statement, the ministry said four more states namely, Assam, Haryana, Himachal Pradesh and Punjab have undertaken Ease of Doing Business reforms stipulated by the Department of Expenditure, Ministry of Finance. Thus, these States have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings, it said. With this, 12 states, including Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, have undertaken the stipulated reforms to facilitate ease of doing business.
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New Delhi, February 6
The Finance Ministry has granted permission to four states of Assam, Haryana, Himachal Pradesh and Punjab to borrow an additional Rs 5,034 crore for undertaking ease of doing business reforms.
In a statement, the ministry said four more states namely, Assam, Haryana, Himachal Pradesh and Punjab have undertaken ‘Ease of Doing Business’ reforms stipulated by the Department of Expenditure, Ministry of Finance.
“Thus, these States have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings,” it said.
With this, 12 states, including Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, have undertaken the stipulated reforms to facilitate ease of doing business.
The Finance Ministry on Thursday allowed Andhra Pradesh to borrow an additional Rs 1,515 crore for undertaking power sector reforms. As part of the reforms, the state has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers with effect from September 2020. Thus, it has successfully implemented one of the three stipulated reforms in the power sector. Successful implementation of the reform has made the State eligible to mobilise additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP). Accordingly, the Department of Expenditure has granted permission to the State to raise additional borrowing of Rs 1,515 crore. This has provided the much needed additional financial resources to the state to fight COVID-19 pandemic, it said.