ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Dalal Street Corner: Market ends flat even as FII selling nears exhaustion; what should investors do on Friday?
  • Exclusive: June GST collections estimated at Rs 1.37-1.39 lakh cr, sources tell Zee Business ahead of announcement on 1 July
  • Eknath Shinde sworn in as 30th Chief Minister of Maharashtra, Fadnavis becomes Deputy CM
  • Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy
  • Monsoon session of Parliament to begin on July 18; to end on August 12
Read in App
Business News » India News

Ease of Doing Business: BIG PERMISSION from Modi government! These 5 states permitted to borrow extra Rs 16,728 cr - Here is why | FULL LIST

The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Ease of Doing Business: BIG PERMISSION from Modi government! These 5 states permitted to borrow extra Rs 16,728 cr - Here is why | FULL LIST
Here is the FULL LIST of 5 states permitted by Finance Ministry to borrow extra Rs 16,728 crores:- Reuters pics.

It's a big permission granted from Modi government in terms of 'Ease of Doing Business' to give a major boost to Indian economy. The Finance Ministry has confirmed that five states have been permitted to borrow an additional Rs 16,728 crore following completion of stipulated reforms for 'Ease of Doing Business'. 

"5 states have so far completed the stipulated reforms in the Ease of Doing Business. These states have been granted permission to mobilize additional financial resources to the tune of Rs 16,728 crore through open market borrowings," the Ministry said in a statement.

Here is the FULL LIST of 5 states permitted by Finance Ministry to borrow extra Rs 16,728 crores:- 

1 Tamil Nadu

2 Telangana

3 Andhra Pradesh

4 Karnataka

5 Madhya Pradesh 

The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business.

The reforms stipulated in the category include completion of first assessment of 'District Level Business Reform Action Plan'.

Besides, elimination of requirements of renewal of registration certificates/approvals/licences obtained by businesses for various activities, at least under certain Acts specified by the Centre, was also part of the reforms.

To meet the extra fund requirements of states on account of COVID-19 pandemic, the Centre had in May decided to raise the borrowing limit of the states by 2 per cent of their Gross State Domestic Product (GSDP), over and above the 3 per cent limit set under the Fiscal Responsibility and Budget Management (FRBM) Act.

However, states were required to complete four specific reforms -- implementation of 'One Nation, One Ration Card' system, ease of doing business reforms, urban local body/utility reforms and power sector reforms -- by February 15,?2020 to get the benefits.

Such states would get the facility of additional borrowing equivalent to 0.25 per cent of their GSDP for completing each reform. Under this facility, additional borrowing of up to Rs 2.14 lakh crore is available to the states on completion of all the four reforms.

"So far 10 states have implemented the One Nation One Ration Card system, 5 states have done Ease of Doing Business reforms, and 2 states have done local body reforms," the Ministry added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Ease of doing businessFinance MinistryModi government
Written By: Prashant Singh
Updated: Sun, Dec 20, 2020
01:09 pm
ZeeBiz WebDesk
RELATED NEWS
Commerce Ministry relaxes certain norms under EPCG scheme to promote ease of doing business Commerce Ministry relaxes certain norms under EPCG scheme to promote ease of doing business
Measures to reduce compliance burden have multiplier effect on ease of doing business, says Piyush Goyal Measures to reduce compliance burden have multiplier effect on ease of doing business, says Piyush Goyal
Modi government plans! 1st genuine single window in terms of compliances, ease of approval process Modi government plans! 1st genuine single window in terms of compliances, ease of approval process
4Cs! Courage, Confidence, Competence and Compassion -  Piyush Goyal invites global investors to invest in India 4Cs! Courage, Confidence, Competence and Compassion - Piyush Goyal invites global investors to invest in India
India amongst the top 3 choices for future investments - Tax cuts, Ease of Doing Business measures, other reforms top drivers India amongst the top 3 choices for future investments - Tax cuts, Ease of Doing Business measures, other reforms top drivers

LATEST NEWS

Stocks to buy today: MTAR Tech, Apollo Tyres, Minda Industries and Bharti Airtel among list of 20 stocks for profitable trade on June 30

Indian Bank raises MCLR rates by 0.15 pc across tenors

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

HDFC NIMs to be under pressure for a quarter: Parekh

Byju's lays-off 500 employees; employees contest company's claim, says number is higher

PNB Housing Fin to seek shareholders' nod next month to raise Rs 12,000 crore in debt

Toyota India set to unveil Toyota Hyryder tomorrow, Check details here

Monsoon session of Parliament to begin on July 18; to end on August 12

Indian and Offshore Gaming Sites Are in the Same Boat, Experts Remind

GST Council Meeting: Full details of goods and services, where rates hiked or slashed

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV