Poket News

Centre grants permission to 20 States to raise additional amount through open market borrowings

 

  • The Department of Expenditure in the Ministry of Finance on 13 Oct granted permission to 20 States to raise an additional amount of 68,825 crore rupees through open market borrowings.
  • The Ministry of Finance said, additional borrowing permission has been granted at 0.50% of the Gross State Domestic Product to those States who have opted for Option- 1 out of the 2 options suggested by the Ministry to meet the shortfall arising out of GST implementation.