11-November-2024-Daily-Current-Affairs
NET BORROWING CEILING’ FOR STATES TOPIC: (GS2) INDIAN POLITY: THE HINDU The central government's imposition of a 'Net Borrowing Ceiling' (NBC) on Kerala in 2023, capping its loans to 3% of its GSDP, has sparked debates over state fiscal autonomy. Background on Borrowing Powers in the Constitution Article 292: Grants the central government the authority