Current Affairs - State - Discussion
Discussion Forum : State - Latest Current Affairs (Q.No. 4146)
4146.
The Governor of Telangana has amended the Telangana Fiscal Responsibility and Budget Management Act-2005 which will enable the State to increase the borrowing limit by how much percent from earlier 3%?
Answer: Option
Explanation:
The Governor of Telangana Dr. Tamilisai Sounderarajan has promulgated an ordinance No.3 of 2020, amending the Telangana Fiscal Responsibility and Budget Management (FRBM) Act-2005 which will enable the State to increase the borrowing limit by 2% to 5% from earlier 3%. With the new Telangana FRBM (Amendment) Act 2020, state government's additional borrowing limit can go up to Rs 20,000 crore now, without any hassles.
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