Finance Ministry Allows Additional Rs 7,106 Cr Borrowing by UP, Andhra Pradesh
News 18The Centre on Friday permitted Uttar Pradesh and Andhra Pradesh to go for an additional borrowing of Rs 7,106 crore, to meet their expenditure requirements amid falling revenues due to the COVID-19 crisis. "The Ministry of Finance has granted additional borrowing permission to two more states, Uttar Pradesh and Andhra Pradesh, for successfully undertaking reforms in the public distribution system and ease of doing business," an official statement said. Earlier, Andhra Pradesh had also completed PDS reforms to enable the One Nation-One Ration Card system. Last week, five states Andhra Pradesh, Telangana, Goa, Karnataka and Tripura received the finance ministry's nod for additional Rs 9,913 crore borrowing, after meeting the reform condition of the implementation of One Nation-One Ration Card system.