Centre yet to approve borrowing plans of 8 states

The central government is yet to approve borrowing plans of eight states, namely, Uttar Pradesh, Uttarakhand, Chhattisgarh, Assam, Madhya Pradesh, Himachal Pradesh, Nagaland and Sikkim, a government official told Economic Times. These states have been asked to provide additional disclosures of their off-budget liabilities as per the new guidelines. The officials believe that the move is aimed to enhance transparency in states’ finances and also to reduce the large off-budget liabilities, which have often been flagged by economists and states.

1. https://economictimes.indiatimes.com/news/economy/finance/8-states-to-get-nod-for-borrowing-plans-only-after-full-disclosures/articleshow/92262593.cms