In a post on the social media platform X, the ministry added that the net borrowing ceiling for the states is fixed at 3 per cent of the Gross States Domestic Product (GSDP), i.e., Rs 9,39,717 crore for the financial year 2024-25 as per the recommendations of the Fifteenth Finance Commission
New Delhi [India], January 28 (ANI): Rajasthan has become the fifth state to complete the Urban Local Bodies (ULBs) reforms stipulated by the Department of Expenditure, read a release by the Ministry of Finance.