The deadline for endeavor the reform is December 31. (File photograph)
As many as 9 states have applied the reform of 1 nation-one-ration card to acquire permission to borrow an extra 23,523 crore amongst them throughout the present fiscal.
That is 44% of a complete of Rs 53,500 crore being made accessible for all states beneath the window, at 0.25% of G-SDP. The deadline for endeavor the reform is December 31.
“It’s anticipated that many extra states will full this reform earlier than the stipulated date,” the finance ministry mentioned in a press release.
Regardless that the scheme was introduced in Could as a part of the Atmanirbhar stimulus bundle, the gradual tempo of implementing the best among the many 4 reforms, point out that states have braced themselves for decrease expenditure within the present fiscal.
It could be recalled that the Centre, in view of the Covid-19 pandemic, had in Could allowed extra borrowing restrict of as much as Rs 4.28 lakh crore (2% of GSDP) to states for FY21.
Whereas 0.5 pecentage level (pp) of the additional borrowing window (Rs 1.07 lakh crore) is out there to all states unconditionally, one pp was to be made accessible in 4 equal tranches to obviously specified, measurable and possible reform actions in universalisation of 1 nation-one ration card, ease of doing enterprise, energy distribution and augmentation of city native physique revenues. The stability 0.5 pp was to be accessed by states, topic to their ‘fully attaining’ the milestones in a minimum of three out of 4 reform areas.
Later, a suggestion was made by the Centre on the GST Council, whereby the Possibility 1 got here with the inducement of (extra) 0.5 pp unconditional FRBM leisure for states. So, the unconditional further borrowing window is successfully 1% of GDP now, and for the stability 1%, there’s nonetheless a rush.
Thus far, 9 states have efficiently applied one nation-one ration system: Andhra Pradesh, Haryana, Karnataka, Kerala, Telangana, Gujarat, Uttar Pradesh, Goa and Tripura. Uttar Pradesh received an extra borrowing permission for Rs 4,851 crore, adopted by Karnataka (Rs 4,509 crore), Gujarat (Rs 4,352 crore) and Andhra Pradesh (Rs 2,525 crore). Portability of ration card is aimed toward making certain that the beneficiaries beneath the Nationwide Meals Safety Act (NFSA) and different welfare schemes, particularly the migrant staff and their households, get ration from any honest value store (FPS) throughout the nation. Different goals of the meant reform have been to higher goal beneficiaries, elimination of bogus/ duplicate/ineligible ration playing cards and thus improve welfare and scale back leakage. For this, the reform circumstances stipulated Aadhaar seeding of all ration playing cards, biometric authentification of beneficiaries and automation of all of the FPS within the state.
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source https://www.mcxfree.tips/one-nation-one-ration-card-9-states-get-nod-to-borrow-rs-23523-crore-further/
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