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...
Gujarat achieves lowest debt-to-GSDP ratio of 4.5 percent among 21 largest states in last 10 years: NCAER EconomistsGujarat is lauded for its top-notch fiscal management, significantly reducing its debt-to-GSDP ratio by 4.5% in the past decade under CM Bh...
No timeline for introduction of regulatory guidelines for virtual digital assets industry: MoS FinanceIndia has no set timeline for comprehensive virtual digital asset regulations, citing the need for international collaboration. The governm...
How poll-bound states fare on key economic indicatorsLabour force participation in all 5 states better than national average. But female unemployment increased in Chhattisgarh, MP & Rajasthan ...
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...
PIL on freebies: States have nearly Rs 59,89,360 crore liability as on March 31, 2021While Uttar Pradesh and Maharashtra top the chart with liabilities of Rs 6,62,891 crore and Rs 5,36,891 crore respectively, Punjab gets the...
Bihar, Kerala, Punjab, Rajasthan and WB most stressed fiscally: RBIFive states, namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal, figure among the most stressed states fiscally, as per a Reserve Ba...
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...
Tamil Nadu needs to increase Tax-GSDP ratio, suggests state's economic revival committeeThe high-level committee also suggested immediate and urgent financial restructuring of electricity transmission and distribution utilities...
Telangana CM K Chandrasekhar Rao writes to NITI Aayog for relaxed borrowing limitRao has sought the support of NITI Aayog Vice Chairman Arvind Panagariya to relax the current annual borrowing limits from 3 pct to 3.5 pct.
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...
Assam growth estimated at 5.87%; Tarun Gogoi presents interim Budget"While I am confident that I shall be able to maintain this trend in the coming days too, I would, however, like to put in a word of cautio...
Centre and states should work to adopt the goods and services taxThe RBI’s study on state finances shows an improvement in the consolidated fiscal position of states during 2010-13.
- Punjab's fiscal health "poorer" than Haryana's
Despite Punjab trying "hard" to bring fiscal discipline, its fiscal health when compared with Haryana, the neighbouring state is performing...
- States' debt-GSDP ratio improves in FY10-12: Icra
Chhattisgarh, Haryana and Maharashtra are the least indebted states in relation to the size of their GSDP.
- States like Karnataka, Odisha, Gujarat hit austerity path to trim deficits
Karnataka, Odisha are among the 16 states that are showing the way on how govt finances will move as they struggle to keep the fiscal house...
States have managed their finances better than the CentreStates benefitted from a higher share in central transfers in accordance with the 13th Finance Commission recommendations. But their tax re...