Question
Which of the following statements is/are not correct with respect to the additional borrowings approved by the Department of Expenditure ? I.The Department of Expenditure, under the Ministry of Finance, has approved an extra borrowing ceiling of over Rs 50,876.8 crore to 22 States in 2023-24 for National Pension Scheme (NP
- B and Rs 69,370.81 crore for availing of negotiated loans during 2023-24.
- P which currently stands at Rs 8.59 trillion. III.The ministry also issued approval for raising Rs 6.99 trillion for open market borrowing (OM
- S contributions. II.The normal net borrowing ceiling for states has been fixed at 4 percent of their gross state domestic product (GSD
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