11 states meet capex target for June 2021 qtr
Eleven states have managed to meet the capital expenditure (capex) target set by the Ministry of Finance for the June 2021 quarter.
These include Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Rajasthan and Uttarakhand. As an incentive for meeting the capex target, these states have become eligible to borrow an additional sum of Rs.157.2 billion, the ministry stated. This additional amount is equivalent to 0.25 per cent of the gross state domestic product (GSDP) of eleven states.