Govt allows Rajasthan, Andhra Pradesh to avail Rs 7,309 cr additional borrowing for power sector

Finance Ministry has granted additional borrowing permission of 7,309 crore rupees to Rajasthan and Andhra Pradesh for undertaking the reforms in power sector. Finance Ministry said, Rajasthan has been allowed to borrow additional five thousand 186 crore rupees while Andhra Pradesh has been allowed to borrow additional two thousand 123 crore rupees. The objectives of the additional borrowing permissions are to improve the operational and economic efficiency of the sector and promote a sustained ...