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[Cites 0, Cited by 0] [Section 4(1)] [Section 4] [Entire Act]

State of Punjab - Subsection

Section 4(1)(d) in Punjab Fiscal Responsibility and Budget Management Act, 2003

(d)cap outstanding guarantees on long term debt to eighty per cent of revenue receipts of the previous year guarantees on short term debt to be given only for working capital or food credit in which case this must be fully backed by physical stocks.