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GSDP FISCAL DEFICIT
Kerala CM VD Satheesan presents maiden UDF budget for 2026-27Kerala's Chief Minister VD Satheesan presented the state's first budget for the financial year 2026-27. The government inherited a signific...- CAG asks states to disclose off-budget borrowings in A/CsIndia's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlig...
- UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...
- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- States under fiscal strain amid high welfare spend: Morgan StanleyStates are facing fiscal pressure as revenue growth slows and welfare spending remains high, leading to elevated deficits. Morgan Stanley r...
- Himachal Pradesh clears Rs 1,500 aid for women in 4th year of powerHimachal Pradesh government approved a monthly cash transfer of ₹1,500 for eligible women. This fulfills a key Congress poll promise. Women...
- West Bengal elections 2026: The real numbers test for Mamata Banerjee’s command & BJP’s pitchWest Bengal is heading into a high-stakes Assembly election scheduled in two phases on April 23 and April 29 across all 294 seats, with cou...
- FY27 capex growth of states pegged at 8–10%: reportState capital spending growth is set to slow in FY27. This moderation follows a strong FY26. Rising revenue expenses and slower revenue gro...
- State debt to hit Rs 94 lakh cr: ReportStates' debt in India is expected to reach ₹94.4 lakh crore by March 2025, comprising 32.7% of GSDP, and to further climb to ₹103.6 lakh cr...
- Maharashtra's GSDP likely to expand by 10 pc in FY25, govt focus on farmers: Ajit PawarThe GSDP, which was at Rs 38.79 lakh crore in 2023-2024, was expected to expand by 10 per cent to reach Rs 42.67 lakh crore in 2024-25, Paw...
- State indebtedness to stay high at 31-32% in FY24: CrisilThe rating agency noted that overall borrowings of 18 states, which constitute 90% of the country’s gross state domestic product, is likely...
- Gujarat well on course to print better fiscal numbers in FY24: India RatingsIndia Ratings expects fiscal deficit of the state to come in at 1.2 per cent as against the FY24 budget estimate of 1.8 per cent of gross s...
- In fiscal 2020–21, Mizoram's GSDP increased by 15.62%: CAG ReportThe state's GSDP at current prices increased at a pace ranging from 12.76% to 15.62% between 2016 and 21 according to the report that Chief...
- 20 states carrying forward Rs 2.6 lakh cr of debt-money into FY22: ReportGiven the pandemic and the resultant financial crunch, the Centre allowed states to borrow up to 5 per cent of their gross state domestic p...
- Pandemic leads to Maharashtra plunging into debt trap; fiscal deficit highest since FY06: ReportIn line with higher-than-budgeted deficit ratios, the state's debt-to-GSDP ratio has jumped to 20.2 per cent in 2020-21, up from 16 per cen...
- CAG finds fault with Telangana government on poor management of finances"The state registered revenue surplus of Rs 238 crore during 2015-16. It is overstated due to mis-classification of grants-in-aid (Rs 151 c...
- Five states including Gujarat and Karnataka can spend more on development: CARE RatingsExcessive focus on containing fiscal deficit and adherence to the fiscal limits had resulted in lack of capital expenditure by states, adve...
- A look at the balance sheet of India’s state financesIndia’s central government finances receive a great deal of attention but state finances are sizeable too, with state-level debt making abo...
- Punjab's fiscal health "poorer" than Haryana'sDespite Punjab trying "hard" to bring fiscal discipline, its fiscal health when compared with Haryana, the neighbouring state is performing...
- Restore fiscal order: Finmin to statesIn line with 13th Finance Commission recommendations, states told to cap borrowings between 3 & 3.5% of GSDP in FY12.
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