Author: mikkifowlkes674
Additional resources of Rs. 7,309 crore made available to States for undertaking power sector reforms
Department of Expenditure, Ministry of Finance has granted additional borrowing permission of Rs. 7,309 crore to two States for undertaking the stipulated reforms in power sector. While, Rajasthan has been allowed to borrow additional Rs. 5,186 crore, Andhra Pradesh has been allowed to borrow additional Rs. 2,123 crore as incentive to embark on the reform process.
Ministry of Finance, based on the recommendations of the Fifteenth Finance Commission, has decided to grant additional borrowing space of upto 0.5 percent of the Gross State Domestic Product (GSDP) to the States every year for a four year ... Read more