https://www.taxtmi.com/news?id=17897 The Cabinet authorises financially sound State Government entities to undertake direct external borrowing from bilateral ODA agencies for major infrastructure projects, subject to direct repayment by the borrower, a state guarantee from the concerned State Government, and a central counter guarantee by the Government of India. This dispensation departs from prior practice of routing external assistance through the Union Government and aims to mobilise additional funding for high cost projects without exhausting State borrowing limits. en-us Wed, 19 Apr 2017 17:28:15 +0530 Wed, 19 Apr 2017 17:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17897 The Cabinet authorises financially sound State Government entities to undertake direct external borrowing from bilateral ODA agencies for major infrastructure projects, subject to direct repayment by the borrower, a state guarantee from the concerned State Government, and a central counter guarantee by the Government of India. This dispensation departs from prior practice of routing external assistance through the Union Government and aims to mobilise additional funding for high cost projects without exhausting State borrowing limits. News - Wed, 19 Apr 2017 17:28:15 +0530 https://www.taxtmi.com/news?id=17897