States rely more on market borrowing

..... The decline in the share of NSSF is in line with the recommendations of the Shyamala Gopinath committee, which had suggested a reduction in the mandatory share of State governments in the collection of small savings under NSSF from 80 per cent to 50 per cent. The idea is to “equalise the burden shared by the Centre and the States, as the interest rates on borrowings from the NSSF are higher than the market rates.” .......

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