Care Ratings: Additional Open Market Borrowings For States - Updates

The central government has allowed 20 states to increase open market borrowings by an additional Rs 68,825 crore in 2020-21.

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

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Care Ratings Research Report

The central government has granted permission to 20 states to increase their open market borrowing by an additional Rs 68,825 crore in the current financial year.

This increased borrowing is granted to the states that have agreed to the proposal made by the goods and services tax council to meet the shortfall in GST compensation to states through the issue of debt through a special borrowing window to be facilitated by the central government.

Click on the attachment to read the full report:

Care Ratings Additional Market Borrowings For States FY21.pdf
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