|
|
|
20 states with ease of doing business to borrow Rs 39K cr
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 21 Mar, 2021
Twenty states who have successfully completed the "Ease of Doing
Business" reforms have turned eligible for addtional borrowing of 0.25
per cent of Gross State Domestic Product (GSDP).
Five more --
Arunachal Pradesh, Chhattisgarh, Goa, Meghalaya and Tripura have
completed the "Ease of Doing Business" reforms stipulated by the
Department of Expenditure but are not in the eligibility list for the
borrowing.
Accordingly, on receipt of recommendations from the
Department for Promotion of Industry and Internal Trade (DPIIT), the
Department of Expenditure has granted permission to these 20 States to
raise additional financial resources of Rs 39,521 crore through Open
Market Borrowings.
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.
Therefore, the government of India
had in May 2020, decided to link grant of additional borrowing
permissions to States who 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. The four citizen
centric areas for reforms identified were Implementation of One Nation
One Ration Card System, Ease of doing business reform, Urban Local
body/utility reforms and Power Sector reforms.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|