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Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal The total capital outlay of top 18 states is projected to grow 7-9 per cent (year-on-year) to Rs 7.2 lakh crore this fiscal, building on a high base from last fiscal when it grew 27 per cent to Rs 6.7 lakh crore, a report showed on Tuesday.  The Centre raised the allocation for interest-free capex loans to all states to Rs 1.5 lakh crore this fiscal from Rs 1.3 lakh crore last fiscal. Last fiscal, 80 per cent of the allocated amount was transferred to state governments and we expec...
Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal
Capital outlay of top 18 Indian states to grow 7-9 pc this fiscal
Source: IANS
2024-10-29 01:41:24 pm
Karnataka’s economy outpaces national growth despite global headwinds: CM Siddaramaiah Karnataka continues to drive India’s economic progress, registering a robust GSDP growth of 10.2 per cent in FY 2023-24, significantly surpassing the national average of 8.2 per cent, the Chief Minister's Office said in a statement on Monday.  The CMO's media release quoted data from the Union Ministry of Statistics and Programme Implementation (MoSPI). The state achieved this feat despite severe challenges, including the worst drought in a decade and a slowdown in gl...
Karnataka’s economy outpaces national growth despite global headwinds: CM Siddaramaiah
Karnataka’s economy outpaces national growth despite global headwinds: CM Siddaramaiah
Source: IANS
2024-10-21 01:45:16 pm
Telangana presents Rs 2.91 lakh crore Budget with focus on guarantees Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, who also holds the Finance portfolio, on Thursday presented the state Budget of Rs 2.91 lakh crore for 2024-25, with focus on welfare and fulfilling the six guarantees of the Congress government.  Presenting the first full Budget of the Congress government in the state Assembly, Vikramarka pegged the revenue and capital expenditure at Rs 2.20 lakh crore and Rs 33,487 crore, respectively. “The total expenditure proposed ...
Telangana presents Rs 2.91 lakh crore Budget with focus on guarantees
Telangana presents Rs 2.91 lakh crore Budget with focus on guarantees
Source: IANS
2024-07-25 05:30:54 pm
Maha Economic Survey estimates public debt at Rs 7,11,278 crore Maharashtra’s public debt is estimated at Rs 7,11,278 crore in 2023-24 against Rs 6,29,235 crore in 2022-23, a rise of 13 per cent.  As per the Economic Survey 2023-24 presented in the Maharashtra Assembly on Thursday by Deputy Chief Minister Ajit Pawar, though the public debt has increased to 17.6 per cent of the Gross State Domestic Product (GSDP) against 16.5 per cent, it is well within the prescribed limits of 25 per cent of GSDP as per the Medium Term Fiscal Policy. The pub...
Maha Economic Survey estimates public debt at Rs 7,11,278 crore
Maha Economic Survey estimates public debt at Rs 7,11,278 crore
Source: IANS
2024-06-27 01:29:13 pm
Finance Ministry allows states to borrow additional Rs 60,877 crore for pension scheme The Finance Ministry on Tuesday approved an additional borrowing of Rs 60,876.8 crore to 22 States in 2023-24 for contribution to the National Pension Scheme (NPS). This will be over and above the net borrowing ceiling for 2023-24. The normal ceiling for net borrowing by states has been fixed at 3 per cent of their gross state domestic product (GSDP). The GSDP currently stands at Rs 8.59 lakh crore. The ministry also issued approval for raising Rs 6.99 lakh crore for open market borrowi...
Finance Ministry allows states to borrow additional Rs 60,877 crore for pension scheme
Finance Ministry allows states to borrow additional Rs 60,877 crore for pension scheme
Source: IANS
2023-12-19 04:36:03 pm
Bengal`s revenue behind national average: RBI study  West Bengal is behind the national average in terms of state’s own revenue or gross state domestic product (GSDP) percentage, as per the recent findings of the Reserve Bank of India (RBI) on state finances. Both in terms of state’s own tax revenue and the non-tax revenue, as per the RBI findings, West Bengal is behind the national average. According to it, the percentage of state’s own tax revenue of the GSDP for West Bengal is just five per cent which is lower t...
Bengal`s revenue behind national average: RBI study
Bengal`s revenue behind national average: RBI study
Source: IANS
2023-12-17 04:38:51 pm