Centre raises borrowing limit of states from 3 pc of GSDP to 5 pc in FY21

News: The Central Government has increased the borrowing limit of states from 3% of gross state domestic product (GSDP) to 5%. Facts: Key Facts: States have so far borrowed only 14% of the 3% of GSDP limit which is authorised to them while 86% of the limit remains unutilized.However,the limit of states has now been… Continue reading Centre raises borrowing limit of states from 3 pc of GSDP to 5 pc in FY21