A working group, consisting of finance ministry officials, members of the Comptroller and Auditor General of India, and senior RBI officials, has recommended that state governments fix a ceiling for incremental guarantees issued in a year. The group suggests that states should set a limit of 5% of revenue receipts or 0.5% of gross state domestic product for such guarantees. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
