Union Finance Ministry has granted permission to raise additional financial resources of Rs. 9,913 crore to five states through Open Market Borrowings.<br />''<br />''These States are Andhra Pradesh, Telangana, Goa, Karnataka and Tripura.<br />''<br />''The permission has been accorded after these States successfully met the reform condition of implementation of One Nation One Ration Card System.<br />''<br />''This permission allows Karnataka to raise Rs. 4,509 crore whereas Andhra Pradesh can borrow Rs. 2,525 crore.<br />''&nbsp;<br />''Telangana has been permitted to borrow Rs. 2,508 crore while Goa can raise Rs. 223 crore and Tripura Rs. 148 crore.<br />''&nbsp;<br />''In view of the unprecedented pandemic the Central Government had in May allowed additional borrowing limit of up to 2 percent of Gross State Domestic Product to the States for the current financial year.<br />''&nbsp;<br />''This made an amount of up to Rs. 4,27,302 crore available to the States.<span style="color: #222222;">&nbsp;</span><br />
News On AIR | September 24, 2020 5:36 PM
FM grants permission to raise additional financial resources of Rs. 9,913 crore to five states through Open Market Borrowings