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Conditional hike in states borrowing limit draws Opposition flak

city New Delhi guidelines Government crisis strain
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NEW DELHI/ERNAKULUM: The Centre's decision on Sunday to raise borrowing limits for states for the current fiscal to 5% of GDP from 3% has led to a political divide between the Bharatiya Janata Party (BJP) ruled states and those governed by opposition parties.

While the Centre has increased the borrowing limits for states, it is subject them carrying out specific reforms which has led to the tussle.

State governments are under considerable strain given that economic activity has ground to a near halt and revenues have all but dried up, and they have been demanding financial assistance and more autonomy to decide how to spend the funds. “We completely recognize that like the Centre, states are also experiencing sharp decline in their

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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