06-06-23 Daily-Himachal Pradesh-HPPSC Current Affairs

The Congress is all set to raise a loan of Rs 800 crore for development works though the state is reeling under a huge debt burden of Rs 75,000 crore. The Central Government has imposed a limit of Rs 3,000 crore on external borrowings by Himachal. Besides, the Central Government has restricted the states borrowing capacity for ongoing projects to Rs 4,000 crore.

The loan will be taken in two installments of Rs 500 crore and Rs 300 crore

The loan of Rs 500 crore will be repaid in eight years and Rs 300 crore in six years

The Central Government has imposed a limit of Rs 3,000 crore on external borrowings by Himachal

The loan will be taken in two installments of Rs 500 crore and Rs 300 crore and a notification has been issued in this regard. The reason cited for raising the loan is development works, but it is common knowledge that the government is finding it hard to foot the huge salary and pension bills of its employees and pensioners. The loan of Rs 500 crore will be repaid in eight years, while Rs 300 crore will be repaid in six years.

Union Minister of , Shipping and Waterways, Sarbananda Sonowal has flagged off the maiden International Cruise Vessel MV Empress, Indias first international cruise vessel from Chennai to Sri Lanka in Chennai. This marks the beginning of the international cruise tourism terminal at Chennai, built at a cost of Rs 17.21 crores, heralding a new age of cruise tourism and maritime trade in the country.

The launch of the MV Empress is a major boost for cruise tourism in India. The country has a long coastline and a rich HISTORY and culture, which make it an attractive destination for cruise passengers. The MV Empress is expected to attract tourists from India and abroad, and to help boost the local economy