TS urges Centre to increase borrowing to 5% of GSDP
The Hindu
State suffered ₹4,100 cr. revenue loss in May itself, Harish tells GST Council meet
The cash-strapped Telangana government has once again raised the demand for increase in its borrowing limit from 4% to 5% of the GSDP under the Fiscal Responsibility and Budget Management to give a push to its borrowing capacity. The demand was made by Finance Minister T. Harish Rao at the 44th GST Council meeting held virtually under the chairmanship of Union Finance Minister Nirmala Sitharaman. Mr. Rao had made the same plea at the last GST Council meeting to tackle the impact on State’s finances due to the COVID-19-induced lockdown and slowdown in the economic activity. But, the Centre was unmoved.
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