Odisha to borrow Rs 12K crore from CAMPA and OMBADC funds

Both these funds sit in Odisha’s cash accounts with the Reserve Bank of India and are largely unutilised. “Despite the fact that we have a huge cash balance with the RBI, we were going back to the RBI for permission to borrow from the market for our capital expenditure. This was an anomaly,” state finance secretary Ashok Meena said.

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