Fin Min grants additional borrowing permission to UP, Andhra Pradesh

Union Finance Ministry has granted additional borrowing permission to Uttar Pradesh and Andhra Pradesh for successfully undertaking reforms in the Public Distribution System (PDS) and Ease of Doing Business. This will make an additional amount of seven thousand 376 crore rupees available to these states. In view of the unprecedented COVID-19 pandemic, the Union Government had in May this year allowed additional borrowing limit of up to two per cent of Gross State Domestic Product (GSDP) to the s...