https://www.taxtmi.com/news?id=25028 Central support increases the Scheme for Financial Assistance to States for Capital Investment and establishes long tenor interest free financing to catalyse state productive investment, earmarked for PM Gati Shakti projects, supplemental rural road funding, digitisation including OFC completion, and reforms in building byelaws, town planning, transit oriented development and transferable development rights. States are permitted a fiscal deficit ceiling of 4% of GSDP for 2022-23, with 0.5% tied to power sector reform conditionality communicated in 2021-22, and these allocations are additional to normal state borrowings. en-us Tue, 01 Feb 2022 13:29:16 +0530 Tue, 01 Feb 2022 13:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25028 Central support increases the Scheme for Financial Assistance to States for Capital Investment and establishes long tenor interest free financing to catalyse state productive investment, earmarked for PM Gati Shakti projects, supplemental rural road funding, digitisation including OFC completion, and reforms in building byelaws, town planning, transit oriented development and transferable development rights. States are permitted a fiscal deficit ceiling of 4% of GSDP for 2022-23, with 0.5% tied to power sector reform conditionality communicated in 2021-22, and these allocations are additional to normal state borrowings. News - Tue, 01 Feb 2022 13:29:16 +0530 https://www.taxtmi.com/news?id=25028