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THE TAX GSDP
State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, ...- SBI Research sees Bengal budget tone most optimistic in 17 yearsWest Bengal's new budget signals a significant policy shift, moving from welfare to investment and industrial growth, according to SBI Rese...
- States' expenditure rises 131% in 10 yrs on welfare, development: CAG ReportStates' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the la...
- 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...
- UP CM Yogi Adityanath calls for COVID-like national spirit to tide over West Asia crisisUttar Pradesh Chief Minister Yogi Adityanath urged citizens to embrace self-reliance amid West Asian crises. He highlighted the state's sig...
- 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...
- Delhi eco survey cites rising per capita income, GSDP: CM Rekha Gupta says evidence of rapid economy growthThe Chief Minister asserted that the survey report was "clear evidence" of Delhi's "rapidly growing" economy, "robust" infrastructure, and ...
- Andhra fiscal indicators show 'weakness', says YS Jagan Mohan Reddy citing CAG dataYS Jagan Mohan Reddy points to CAG data for the first half of FY 2025-26, alleging Andhra Pradesh's fiscal indicators show weakness. He hig...
- 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...
- 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...
- Punjab to miss fiscal targets by a wide margin due to freebies: India RatingsThe AAP government's freebies push in Punjab will have the state, which already is one of the most fiscally stressed states, missing the fi...
- 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...
- UP government likely to miss budgeted revenue surplus by wide margin: India RatingsWhile the state has budgeted a revenue surplus of 2.8 per cent of the GSDP, the agency expects it to be at just about 1.4 per cent in FY24....
- 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...
- States debt to hit Rs 71.4 lakh crore in FY22: ReportAccording to Crisil's report, GST could grow 20 per cent whereas, the sales tax is seen clipping at 25 per cent. GST and sales tax on petro...
- 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...
- 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...
- Odisha expects 9% growth in 12th Plan periodWith one more year remaining in the 12th Plan period, Odisha is expecting a growth rate of 9 per cent for the five years through March 2017.
- 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.
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