If the States are able to fulfil these requirements, they would be entitled to debt relief including debt write-off in respect of Central loans.
BIS Review 83/2009  5  Implementation of 12th Finance Commission’s recommendations In order to operationalise the new arrangements, the Government of India constituted a Technical Group under my chairmanship, which submitted its report in December 2005 and made several recommendations. Accordingly, there has been progress in adoption of the auction method for borrowing by the States.