5 States permitted to borrow additional Rs 16,700 crore
December 20, 2020
Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana completed stipulated reforms
The Centre, on Sunday, granted permission for additional borrowing of over ₹16,700 crore to 5 States on account of completing stipulated citizen centric reforms. These States are Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana.
In view of the resource requirement to meet the challenges posed by the Covid-19 pandemic, the Government of India had on May 17 enhanced the borrowing limit of the States by 2 per cent of their GSDP (Gross State Domestic Products).
Half of this special dispensation was linked to undertaking citizen centric reforms by the States. The four citizen centric areas for reforms identified were - Implementation of ‘One Nation. One Ration Card’ system, ‘Ease of doing business’ reform, Urban Local body/utility reforms and Power Sector reforms.
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Retail inflation for farm labour and rural workers eased to 6 per cent and 5.86 per cent, respectively, in November, mainly due to lower prices of food items. Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Rural Labourers) decreased to 6 per cent and 5.86 per cent in November, 2020, from 6.59 per cent and 6.45 per cent, respectively, in October 2020, the labour ministry said in a statement. The retail inflation for farm workers and rural labourers were at 9.41 per cent and 9.23 per cent, respectively, in November last year. Inflation based on food index of CPI-AL and CPI-RL stood at 6.88 per cent and 7.06 per cent, respectively, in November, compared with 12.03 per cent and 11.85 per cent in the corresponding month of the previous year.
Retail Inflation for Agricultural Labourers Eases to 6% in Nov, Down to 5.86% for Rural Workers
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Retail inflation for farm labour and rural workers eased to 6 per cent and 5.86 per cent, respectively, in November, mainly due to lower prices of food items. Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Rural Labourers) decreased to 6 per cent and 5.86 per cent in November, 2020, from 6.59 per cent and 6.45 per cent, respectively, in October 2020, the labour ministry said in a statement.
The retail inflation for farm workers and rural labourers were at 9.41 per cent and 9.23 per cent, respectively, in November last year. Inflation based on food index of CPI-AL and CPI-RL stood at 6.88 per cent and 7.06 per cent, respectively, in November, compared with 12.03 per cent and 11.85 per cent in the corresponding month of the previous year.
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