Fin Min allows states to borrow ₹3.2 lakh cr from market to meet expenses

The Finance Ministry has allowed all states to borrow a cumulative ₹3.20 lakh crore from April-December by raising open market borrowing. West Bengal can borrow ₹20,362 crore, Maharashtra ₹46,182 crore, UP ₹29,108 crore, Karnataka ₹27,054 crore, Gujarat ₹26,112 crore and Rajasthan ₹16,387 crore. Permission for raising open market borrowing will be given after getting full information from states.