AC creates CSF, GRF for meeting liquidity challenges

JAMMU: To meet the fiscal challenges and liquidity constraints, Administrative Council which met here under the Chairmanship of Lieutenant Governor, Manoj Sinha approved constitution of the Consolidated Sinking Fund (CSF) and the Guarantee Redemption Fund (GRF) for meeting contingent liabilities of the Government with an initial corpus of Rs. 30.00 Crores for each Fund.
Rajeev Rai Bhatnagar, Advisor to the Lieutenant

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