5 States To Avail Extra Grants For Completing Business Reforms

The Finance Ministry on December 20 permitted five states - Karnataka, Madhya Pradesh, Andhra Pradesh, Telengana and Tamil Nadu - to borrow an additional amount from the Union government. The ministry will allot Rs 16,728 crore additionally towards the states for completing the reforms related to 'ease of doing business'. Earlier in May 2020, the government announced the states could avail an additional grant after completing the reform process.