Search For "net borrowing ceiling"
Department of Expenditure grants states additional borrowing ceiling of Rs
Updated : 1 year, 5 months ago IST
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
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11 states meet target for capital expenditure in Q1 FY22
Updated : 4 years, 8 months ago IST
New Delhi [India], September 14 (ANI): A total of 11 states have achieved the target set by the Central government for capital expenditure in first quarter of current financial year 2021-22.
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Centre hikes borrowing limit for states to 5 pc of GSDP to absorb COVID-19
Updated : 6 years ago IST
New Delhi [India], May 17 (ANI): Finance Minister Nirmala Sitharaman said on Sunday the Central government has increased borrowing limit for states from 3 to 5 per cent of gross state domestic product (GSDP) for the current financial year 2020-21, giving them additional resources of Rs 4.
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Punjab Cabinet amends FRBM Act for Rs 928 crore additional borrowing
Updated : 6 years, 2 months ago IST
Chandigarh (Punjab) [India], Mar 2 (ANI): The Punjab Cabinet on Monday decided to amend the Punjab Fiscal Responsibility and Budget Management (FRBM) Act, 2003, to allow the state to make additional borrowing of Rs. 928 crore in 2019-20, over and above its net borrowing ceiling of 3 per cent
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