Thursday, Jun 1, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Reform Linked Borrowing Worth Rs 23523 Cr Gets Nod For 9 States

Reform-linked borrowing worth Rs 23,523 Cr gets nod for 9 states

"On completion of reforms, additional borrowing permission of Rs 23,523 crore has been issued to them," Finance Ministry statement said.

By IANS
Published Date - 02:58 PM, Wed - 9 December 20
Reform-linked borrowing worth Rs 23,523 Cr gets nod for 9 states
whatsapp facebook twitter telegram

New Delhi: The Centre has granted permission of reform-linked borrowing worth Rs 23,523 crore to nine states.

A Finance Ministry statement said that so far nine states have successfully completed reforms in PDS and implemented One Nation One Ration System — Andhra Pradesh, Goa, Haryana, Karnataka, Kerala, Telangana, Tripura and Uttar Pradesh.

“On completion of reforms, additional borrowing permission of Rs 23,523 crore has been issued to them,” it said.

In view of the challenges posed by the COVID 19 pandemic for mobilisation of financial resources, the Government of India has taken multiple measures to avail funds to states. These include grant of additional borrowing permission of 2 per cent of the Gross State Domestic Product (GSDP) in the year 2020-21.

This has enabled the states to mobilise additional financial resources to fight the pandemic and maintain the standards of service delivery to the public. However, to ensure long-term debt sustainability and prevent any adverse impact on future, a part of the additional borrowing was linked to the States carrying out reforms in the sectors critical for service delivery to the citizens.

One of the sectors identified for reforms is the Public Distribution System. Out of the additional borrowing limit of 2 per cent of GSDP, 0.25 per cent is linked to implementation of “One Nation One Ration Card system”.

This was aimed to ensure that the beneficiaries under the National Food Security Act (NFSA) and other welfare schemes, especially the migrant workers and their families, get ration from any Fair Price Shop (FPS) across the country.

Department of Food and Public Distribution in the Ministry of Consumer Affairs, Food and Public Distribution is the nodal department to certify that a state has met the conditions stipulated for this reform. Further, to become eligible for additional borrowing, the states have to complete the reforms by December 31, 2020.

It is expected that many more states will complete this reform before the stipulated date, as per the ministry.

In addition to the One Nation One Ration Card, other reforms specified as a precondition to avail additional borrowing are ease of doing business reform, urban local body or utility reforms and power sector reforms.

  • Follow Us :
  • Tags
  • Andhra Pradesh
  • Covid-19
  • Department of Food and Public Distribution
  • Fair Price Shop (FPS)

Related News

  • Telangana: T-SAT inks MoU with Kakatiya University

    Telangana: T-SAT inks MoU with Kakatiya University

  • Telangana: RMP dies in road accident in Peddapalli

    Telangana: RMP dies in road accident in Peddapalli

  • BRS will win 90 to 100 seats, says KTR

    BRS will win 90 to 100 seats, says KTR

  • CM KCR extends Telangana Formation Day greetings

    CM KCR extends Telangana Formation Day greetings

  • Leaf artist’s special work on eve of Telangana formation day

    Leaf artist’s special work on eve of Telangana formation day

  • Kerala plans to launch passenger ship service to Gulf countries

    Kerala plans to launch passenger ship service to Gulf countries

Latest News

  • WTC final: Mohammed Shami has to step up his game, says Ponting

    4 mins ago
  • Indo-Canadian charged with laundering bitcoin worth over $24 mn in US

    14 mins ago
  • Google to shut 3rd-party Notes, Lists integration on Assistant app

    24 mins ago
  • US urges Sudan’s warring sides to return to cease-fire talks, abide by truce

    35 mins ago
  • Hockey: India beat arch-rivals Pakistan 2-1 to emerge Junior Asia Cup champions

    41 mins ago
  • India carries out successful training launch of medium-range ballistic missile Agni-1

    42 mins ago
  • US, global markets relieved as Congress raises govt borrowing limit

    44 mins ago
  • Kolkata: Mamata Banerjee rides pillion on bike during march in support of wrestlers

    49 mins 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