Telangana minister T Harish Rao urges Centre to raise FRBM limit

HYDERABAD: Finance minister T Harish Rao has urged Union finance minister Nirmala Sitharaman to increase fiscal responsibility and budget management (FRMB) limit from existing 4 per cent to 5 per cent to help the states in the pandemic period. The Union minister said the Centre would examine the request of the Telangana government.
Harish Rao made the request during the 44th GST Council meeting held on Saturday in which chief secretary Somesh Kumar also took part.“Due to Covid-19 second wave and lockdown, the state had lost Rs 4,100 crore in May. If the FRMB limit is increased, it would help improve the economic activity,” Harish Rao said.
He also urged the Centre to supply more doses of Covid-19 vaccines to the state.