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Read more about Tamil Nadu, India's 2nd-most industrialised state, in favour of debt recast on Business Standard. The states' inflated debt sale schedule alludes to that possibility. They are scheduled to borrow as much as Rs 1.78 trillion ($25 billion) from the market in the April-June quarter
‘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 ...