Explained: Issues with Delhi govt's 10,000 cr loan proposal from NSSF

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Explained: Issues with Delhi govt's 10,000 cr loan proposal from NSSF - Business Standard

Quick Summary:

Scenario II: Continuing with annual Rs 10,000 crore borrowings until 2038-39, resulting in a principal repayment of Rs 1,26,697.47 crore and an interest burden of Rs 57,661.68 crore.

This decision, made months before state elections, aimed to continue its free services, such as electricity and water, despite potential fiscal challenges.

Principal Secretary (Finance) Ashish Chandra Verma recommended exiting the NSSF scheme to avoid imposing substantial liabilities on subsequent governments.