'States must be allowed additional 2 per cent borrowing unconditionally during FY-22'
‘States must be allowed additional 2 per cent borrowing unconditionally during FY-22’ January 22, 2021 Amit Mitra, West Bengal Finance Minister× WB urges Centre for change in the date of devolution of the State’s share in Central taxes West Bengal has asked the Centre to allow States to borrow additional 2 per cent of Gross State Domestic Products (GSDP) unconditionally during FY 2021-22 starting April 1. It also wants date of devolution to change. “Imposition of conditions for borrowing further limits the fiscal space for States,” West Bengal Finance Minister Amit Mitra wrote in ...
Source: thehindubusinessline.com