https://www.taxtmi.com/news?id=24804 The Central Government created a performance linked incentive allowing States to access incremental borrowing by meeting incremental capital expenditure milestones within the 4% of GSDP net borrowing ceiling for 2021 22; 0.50% of GSDP was earmarked for such capital expenditure and States had to meet cumulative quarterly targets of 15%, 45%, 70% and 100% to qualify. Eleven States met the Q1 target and were granted an additional 0.25% of GSDP borrowing, aggregating Rs. 15,721 crore. en-us Mon, 13 Dec 2021 18:07:34 +0530 Mon, 13 Dec 2021 18:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24804 The Central Government created a performance linked incentive allowing States to access incremental borrowing by meeting incremental capital expenditure milestones within the 4% of GSDP net borrowing ceiling for 2021 22; 0.50% of GSDP was earmarked for such capital expenditure and States had to meet cumulative quarterly targets of 15%, 45%, 70% and 100% to qualify. Eleven States met the Q1 target and were granted an additional 0.25% of GSDP borrowing, aggregating Rs. 15,721 crore. News - Mon, 13 Dec 2021 18:07:34 +0530 https://www.taxtmi.com/news?id=24804