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Cabinet approves raising Extra Budgetary Resources to augment infrastructure spending

News and Press Release - Dated:- 21-9-2016 - The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for raising a total of ₹ 31,300 crore in the financial year 2016-17 and to service the principal and interest against the Extra Budgetary Resources (EBR) of ₹ 16,300 crore by Government of India to augment infrastructure spending. Out of the EBR of ₹ 31,300 crore, it is proposed to finance the funds to be raised by Power Finance Corpo .....

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