(a) whether the number of proposals have been received by the
Union Government from the various State Governments for making
market borrowing;
(b) if so, whether all the proposals received has been
agreed to ; and
(c) if not, the present status of the proposals?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI BALASAHEB VIKHE PATIL)
(a) to (c): Requests have been received from some State Governments
for additional market borrowings in the context of specific problems
being faced by them, and for mitigating the shortfall in States share
in Central taxes. These requests are over and above the approved
market borrowings allocated to States by the Planning Commission.
Government of India, in keeping with the recommendations of the
Eleventh Finance Commission (EFC) and in view of the specific
requests from States have allowed feasible additional market
borrowings for the year 2001-02 linked to States preparing their
Medium Term Fiscal Reform Programme (MTFRP).
Besides, so as to reduce the impact of shortfall in estimated
States share in Central taxes, Central Government have permitted
additional market borrowings to States in two tranches. The first
tranche was raised by RBI on January, 28-30, 2002 and the second
tranche will be raised in the current month. Additional borrowings
allowed to States during the current year is as annexed.
Statement referred to in reply to parts (a) to (c) of Lok Sabha
Unstarred Question No.1336 for answer on 8th March,2002 regarding
request for Market Borrowing.
Annexure
ADDITIONAL MARKET BORROWINGS ALLOWED DURING 2001-02
(Rs. in crores) Additional Market Borrowing Allowed Sl. No. State Under MTFRP In lieu of Total /Specific Shortfall in Problems Share in Central Taxes 1 Andhra Pr. 350.00 346.54 696.54 2 Arunachal Pr. 10.98 10.98 3 Assam 147.83 147.83 4 Bihar 521.48 521.48 5 Chhattisgarh 107.33 107.33 6 Goa 9.27 9.27 7 Gujarat 700.00 126.95 826.95 8 Haryana 42.48 42.48 9 Himachal Pr. 150.00 30.74 180.74 10 Jammu & Kashmir 116.75 58.05 174.8 11 Jharkhand 135.36 135.36 12 Karnataka 221.85 221.85 13 Kerala 200.00 137.57 337.57 14 Madhya Pr. 290.39 290.39 15 Maharashtra 250.00 208.44 458.44 16 Manipur 16.47 16.47 17 Meghalaya 15.39 15.39 18 Mizoram 8.91 8.91 19 Nagaland 26.00 9.90 35.90 20 Orissa 227.52 227.52 21 Punjbaj 51.62 51.62 22 Rajasthan 246.29 246.29 23 Sikkim 8.28 8.28 24 Tamil Nadu 242.33 242.33 25 Tripura 21.92 21.92 26 Uttar Pr. 861.14 861.14 27 Uttaranchal 89.11 29.75 118.86 28 West Bengal 365.22 365.22 Total: 1881.86 4500.00 6381.86