The Minister of Finance said today five states have completed stipulated reforms in the ease of doing business area, allowing them to avail additional financial borrowings worth Rs 16,728 crore. The states getting these benefits are Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana.
“Five states have so far completed the stipulated reforms in the Ease of Doing Business. These States have been granted permission to mobilise additional financial resources to the tune of Rs 16,728 crore through open market borrowings,” the ministry said.
Among these states, Tamil Nadu has received maximum Rs 4,813 crore; followed by Karnataka Rs 4,509 crore; Andhra Pradesh Rs 2,525 crore; Telangana Rs 2,508 crore; and Madhya Pradesh Rs 2,373 crore. The ease of doing business indicator reflects the investment-friendly business climate. The improvement