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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...- Karnataka disputes RBI’s liability figures ahead of State Budget on Friday, seeks AG correctionKarnataka challenges the Reserve Bank of India's debt figures. The state government has written to the Accountant General seeking a review ...
- Five states account for nearly 50% of active GST taxpayers; UP leads: SBI ReportAn SBI Research report reveals that Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka account for nearly 50% of India's active...
- Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projectionKarnataka's GSDP growth rate of 10.2% in FY 2023-24 outperformed the national average of 8.2%, amid challenges like drought and global IT s...
- India and Germany fighting climate change together as they are facing challenging weather patterns, says Germany Consul GeneralIndia and Germany collaborate to address climate change effects, emphasizing the need for sustainable food systems. The Green and Sustainab...
- Indian states violating debt level set by fiscal responsibility law, says reportA report by the think tank 'Centre for Social and Economic Progress' highlights India's problem of off-budget borrowings at both the Union ...
- Karnataka's GSDP will jump 2% after road, rail projects are completed, says CM Basavaraj BommaiThe CM's comment followed Prime Minister Narendra Modi kicking off work on projects worth about Rs 28,000 crore at Kommaghatta near Kengeri...
- States doling out competitive subsidies on brink of fiscal collapse: ReportThe growing culture of doling out subsidies ahead of elections has lately been a topic of public discussion, with NK Singh, chairman of the...
- Need to devise a better formula for setting states' borrowings: SBI reportA similar scheme could be envisaged for states that are borrowing more, with a scale down in the permissible borrowing or the higher advanc...
- State GSDP numbers might undergo revision: SBIIn a report, it also said it found a “significant gap" between its estimates and revised estimates provided by West Bengal, Uttar Pradesh, ...
- States budgets can help improve India's GDP projections: SBI ResearchThe consolidated fiscal deficit of the Centre and states is thus likely to be around 12.7 per cent of GDP, assuming that the Centre’s fisca...
- Karnataka Budget: No burden of additional taxes on common people, says CM Yediyurappa"The year 2020-21 due to COVID-19 pandemic has caused untold miseries to the general public. I am not willing to put the burden of addition...
- Karnataka Cabinet to borrow 33,000 crore to tide over crisisTwo weeks ago, the Centre placed two options before the states to compensate for the sharp drop in the GST revenues due to the pandemic. Ka...
- Gross state domestic products to see sharp declines in FY21Among the major states, those likely to be most impacted over the fiscal were Karnataka, Jharkhand, Tamil Nadu, Kerala and Odisha, whereas ...
- 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...
- Bihar fastest growing state, Maharashtra tops in economic size: ReportTamil Nadu and Uttar Pradesh come in the second place, but far behind Maharashtra, with a GSDP of Rs 9.67 trillion each, according to the r...
- 'Incompetent' BJP govt hurting Karnataka economically: Rajeev ShuklaUnion Minister Rajeev Shukla today said the current political situation has hurt the financial interests of the state.
- States like Karnataka, Odisha, Gujarat hit austerity path to trim deficitsKarnataka, 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...
- Arunachal clocks India's fastest growth rate of 22.43% in '10The northeastern state of Arunchal Pradesh clocked the highest economic growth rate in the country of 22.43 percent in 2009-10, followed by...
- Karnataka eyes 20% of India's exports by 2011Karnataka on Tuesday launched a new industrial policy aiming at garnering 20 per cent share in India's total exports, and targetting a gros...
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