States’ borrowing double to Rs 1.7 lakh crore in Q1 FY21, says ICRA
The states’ mixed market borrowings as state improvement loans (SDL) have doubled to Rs 1.7 lakh crore within the first quarter of the present monetary yr (Q1 FY21), as a consequence of increased expenditure to combat COVID-19 together with decrease tax realisation as a consequence of a number of lockdown extensions, in line with an…
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