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The working group's recommendations come amid a debate on states' the financial situation, with the decision of some governments to revert to the Old Pension Scheme being seen as a big step back in improving their finances
The Reserve Bank of India (RBI) on Tuesday recommended that state governments should consider fixing a ceiling for incremental guarantees that they issue during a year at 5 per cent of Revenue Receipts or 0.5 per cent of Gross State Domestic ...
Mumbai: The Reserve Bank of India’s (RBI) panel on State government guarantees has suggested that state governments should consider fixing a ceiling for the incremental guarantees they issue during a...
The demands involve gross additional spending of more than ₹1.29 lakh crore in this fiscal, a significant chunk of which, ₹70,968 crore, will be met through savings or enhanced receipts of various ministries and departments, according to the papers tabled in both houses of Parliament.
State expenditure quality: At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added