Sunday, May 22, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Four More States Complete Ease Of Doing Business Reforms

Four more states complete ease of doing business reforms

By IANS
Published: Published Date - 05:21 PM, Sat - 6 February 21
With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.

New Delhi: Four more states — Assam, Haryana, Himachal Pradesh and Punjab have undertaken “Ease of Doing Business” reforms stipulated by the finance ministry.

With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.

The total number of state that have undertaken the stipulated reforms to facilitate ease of doing business has gone up to 12. Earlier, Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana have also reported completion of this reform, which was confirmed by the Department for Promotion of Industry and Internal Trade (DPIIT).

On completion of reforms facilitating ease of doing business, these twelve states have been granted additional borrowing permission of Rs 28,183 crore.

The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the State economy, a finance ministry statement said.

Government in May last year had decided to link grant of additional borrowing permissions to states that undertake the reforms to facilitate ease of doing business.

In view of the resource requirement to meet the challenges posed by the Covid-19 pandemic, the Government of India had on May 17, 2020 enhanced the borrowing limit of the states by 2 per cent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the states.

So far, 17 states have carried out at least one of the four stipulated reforms and have been granted reform linked borrowing permissions. Out of these, 12 states have implemented the “one nation one ration card” system, 12 states have done ease of doing business reforms, 5 states have done local body reforms and 2 states have undertaken power sector reforms. Total reform linked additional borrowing permission issued so far to the states stands at Rs 74,773 crore.

  • Follow Us :
  • Tags
  • assam
  • COVID-19 pandemic
  • Department for Promotion of Industry and Internal Trade (DPIIT)
  • Ease of doing Business

Related News

  • IAF deploys choppers to rescue flood-affected people in Assam

  • Asian Para Games postponed due to concerns over Covid-19 in China

  • Delhi temperatures ‘above normal’, severe heatwave warning issued

  • Khalistanis target Himachal Pradesh to discredit BJP govt ahead of polls

  • Archaeological Survey of India digs up millennia-old planned Harappan city in Haryana

  • TRS counters Congress Farmers Declaration, reminds party’s drubbing loss in Punjab

Latest News

  • Dream11: Kashmiri youth wins Rs 2 crore jackpot

    8 mins ago
  • ‘India will have distinction of recording highest cardiac deaths by 2030’

    19 mins ago
  • Imran Khan again praises India for reducing fuel prices

    34 mins ago
  • Vijay Shekhar Sharma reappointed as MD & CEO of Paytm till Dec 2027

    49 mins ago
  • ‘Thank you Mumbai’: Kohli after MI’s win seals RCB’s playoff berth

    1 hour ago
  • Raj Thackeray urges PM Modi to bring Uniform Civil Code, population control law

    1 hour ago
  • Balakrishna’s ‘Akhanda’ completes 175-day run in AP theatre

    1 hour ago
  • Arvind Kejriwal, CM KCR hold meeting, discuss crucial issues

    2 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam