Hyderabad

Plea to raise borrowing limit to 3.5% of GSDP

KCR urges Jaitley to issue instructions

Chief Minister K. Chandrasekhar Rao has urged the Union Finance Ministry to raise the annual borrowing limit for the current financial year in line with the recommendations made by the XIV Finance Commission.

The Chief Minister, who is camping in New Delhi, called on Union Finance Minister Arun Jaitley and requested him to issue instructions in this regard at the earliest. The Central Government had allowed the State to raise market borrowings to the tune of 3% of the GSDP. The State wanted the limit to be raised to 3.5% as there was a significant jump in the expenditure commitment on account of flagship programmes like irrigation and provision of drinking water to every household across the State. “All these works reached an advance stage and are about to give benefit to a large number of people in the State,” the Chief Minister said.

A letter from the Editor


Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | May 30, 2020 3:01:24 PM | https://www.thehindu.com/news/cities/Hyderabad/plea-to-raise-borrowing-limit-to-35-of-gsdp/article24786747.ece

Next Story