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State to fund big infra projects through off-budget borrowings

Keeping in mind the increasing public debt, the state has come up with the plan to fund high investment infrastructure projects through off-budget borrowings. This way, the projects won’t be funded through the government’s balance sheets.

The government’s fiscal strategy statement states, “The state aims at availing sizeable off-budget external commercial borrowing for infrastructure projects relating to mass urban transport systems such as Metro rail projects and Mumbai’s transharbour link (MTHL) project.”

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NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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