https://www.taxtmi.com/news?id=3330 Debt relief and restructuring measures for states are conditioned on enactment or amendment of Fiscal Responsibility and Budget Management Acts (FRBMAs). Eligible central loans outstanding on specified reference dates were consolidated into fresh long-tenure loans at prescribed interest rates for states implementing FRBMAs; waivers or write-offs of central plan and centrally sponsored scheme loans and interest-rate resets for National Small Savings Fund borrowings have been granted following FRBMA compliance, producing quantified interest-relief benefits. Earlier guidance required Department of Expenditure concurrence for external assistance and set threshold definitions for identifying debt-stressed states. en-us Tue, 15 May 2012 17:12:51 +0530 Tue, 15 May 2012 17:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3330 Debt relief and restructuring measures for states are conditioned on enactment or amendment of Fiscal Responsibility and Budget Management Acts (FRBMAs). Eligible central loans outstanding on specified reference dates were consolidated into fresh long-tenure loans at prescribed interest rates for states implementing FRBMAs; waivers or write-offs of central plan and centrally sponsored scheme loans and interest-rate resets for National Small Savings Fund borrowings have been granted following FRBMA compliance, producing quantified interest-relief benefits. Earlier guidance required Department of Expenditure concurrence for external assistance and set threshold definitions for identifying debt-stressed states. News - Tue, 15 May 2012 17:12:51 +0530 https://www.taxtmi.com/news?id=3330