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Tuesday
January 2021
2:48 PM IST
News Headlines
England beats Sri Lanka by 7 wickets in 1st test        Fourth Test: Rain forces early stumps with India at 4-0 while chasing 328 to win        Three UK partners with TCS to accelerate 5G network rollout        3 Adani Group-owned domestic airports accredited in ACI health accreditation programme        N. Korea''s parliament rubber stamps new development plans        Kremlin critic Navalny detained after landing in Moscow        'Rooting hard for you': Will departure notes end with Trump?        Tandav controversy: FIR against director, Amazon India head of content        Smiles, sanitizers welcome students as schools reopen in Delhi        COVID-19: India records lowest fatalities in eight months        Proposed tractor rally on Jan 26: It's law & order matter, says SC on plea for injunction against it        PM flags off 8 trains to boost connectivity to Statue of Unity        Fire in luggage van of running train doused in time in Kerala        Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries        Farmer unions say they will go ahead with tractor march in Delhi on Republic Day        Kremlin critic Navalny departs Berlin on Moscow-bound flight        Cargo ship sinks in the Black Sea; 3 dead, 6 rescued        4th Test: Australia 21/0 at stumps, lead India by 54 runs after Sundar, Thakur fightback        NorthEast end winless streak to bag crucial points against Jamshedpur        India take tea break at 62/2, replying to Australia's 369        
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Business News
FinMin allows Rajasthan to borrow Rs 2,731 cr more post ease of doing biz reform
 
New Delhi: The Finance Ministry on Saturday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state successfully undertook ease of doing business reforms.

Rajasthan has now joined the five other states namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, which have completed the reform facilitating ease of doing business to be eligible for additional borrowing. These six states have been granted additional borrowing permission of Rs 19,459 crore.

"Thus, the state (Rajasthan) has become eligible to mobilise additional financial resources of Rs 2,731 crore through open market borrowings. Permission for the same was issued by the Department of Expenditure on December 24," the ministry said in a statement.

The ease of doing business is an important indicator of the investment friendly business climate in the country. The government had in May decided to link grant of additional borrowing permissions to states who undertake the reforms to facilitate ease of doing business.

The reforms stipulated in this category include completion of first assessment of 'District Level Business Reform Action Plan', elimination of the requirements of renewal of registration certificates/approvals/licences obtained by businesses under various Acts.

In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the government had in May enhanced the borrowing limit of the states by 2 per cent of their GSDP. Half of this special dispensation was linked to the states undertaking citizen centric reforms -- implementation of 'One Nation One Ration Card System', ease of doing business reform, urban local body/ utility reforms and power sector reforms.

So far, 10 states have implemented the 'One Nation One Ration Card System', six states have done ease of doing business reforms, and two states have done local body reforms.

Total additional borrowing permission issued so far to the states, which have done the reforms, is Rs 50,253 crore, the ministry added.


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KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
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INTERNATIONAL NEWS
N. Korea''s parliament rubber stamps new development plans
 Seoul, Jan 18 (AP) North Korea's rubber-stamp parliament has passed decisions made by a major ruling
Kremlin critic Navalny detained after landing in Moscow
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NATIONAL NEWS
Tandav controversy: FIR against director, Amazon India head of content
 Lucknow Jan 18 (PTI) An FIR has been lodged here against the makers of web series 'Tandav' and Amazo
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