TS for raising FRBM limit to 5%
The Hindu
Telangana government has urged the Centre at the GST Council meeting on Friday to raise the Fiscal Responsibility and Budget Management (FRBM) limit from three to five per cent for borrowing purpose a
Telangana government has urged the Centre at the GST Council meeting on Friday to raise the Fiscal Responsibility and Budget Management (FRBM) limit from three to five per cent for borrowing purpose as the State’s revenue had dipped significantly and its expenditure shot up considerably due to COVID pandemic. Yet, Telangana was in a better position to borrow because its fiscal deficit in the revenues for 2021-22 was expected to touch 23.10% while the aggregate average of all States put together was pegged at 36.3%. Making the point at the meeting, Finance Minister T. Harish Rao said the State was spending heavily in public health but it was getting little assistance from the Centre. He sought liberal funding for the States as this was the last financial year for payment of compensations to them for migrating to GST regime. The funding was all the more important in view of poor financial position of State governments, he said reminding the Centre that Telangana was receiving the least compensation in the country.The fear of being caught for traffic rule violation has indeed compelled many two-wheeler riders to wear helmets. But one cursory look at riders at any traffic junction in Bengaluru shows that more than half the riders have on their heads non-standard helmets, designed solely to evade the eye of law, with little concern for the safety of their own heads.
When Britain handed Hong Kong back to China in 1997, Beijing promised to retain the city’s Western-style civil liberties for 50 years. However, since the introduction of the 2020 law, Hong Kong authorities have severely limited free speech and assembly under the rubric of maintaining national security.