Business Standard

22 States To Swap Rs 15,000 Crore Debt

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P Vaidyanathan Iyer BUSINESS STANDARD

The finance ministry is set for a Rs 15,000 crore windfall in the current financial year, with 22 states agreeing to part with 20 per cent of their small savings under the debt-swap package.

According to senior finance ministry officials, North Block had set January 5 as the deadline for states to respond to its Rs 25,000 crore debt-swap proposal.

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First Published: Jan 06 2003 | 12:00 AM IST

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