Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18
2 years, 5 months ago

Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18

News 18  

Sample these official budget figures of the West Bengal government for 2022-2023. The state’s total outstanding debt stands at a staggering estimated amount of Rs 5,86,438 crore for the current fiscal. While the state’s budgeted revenue receipts for the current financial year are estimated at Rs 1,98,067 crore, it is expected to receive around Rs 59,916 crore as grants and loans for the same period. For the 2020-21 fiscal, for which the latest CAG audited figures are available, Bengal’s committed expenditure was Rs 1,11,835 crore. Another disturbing thing is West Bengal’s annual per capita income.

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History of this topic

State cannot achieve $1 trillion economy by 2030: PMK’s shadow economic survey
1 week, 6 days ago

State cannot achieve $1 trillion economy by 2030: PMK’s shadow economic survey

The Hindu  

Pattali Makkal Katchi published its first shadow economic survey report on Tuesday in which it said Tamil Nadu will not be able to attain $1 trillion economy as the maximum achievable target is estimated at ₹56 lakh crore, given the State’s economic growth. The report further said the tax revenues had also increased and the State government would meet the …

Andhra Pradesh witnesses growth rate of 9.24%
1 week, 6 days ago

Andhra Pradesh witnesses growth rate of 9.24%

The Hindu  

Andhra Pradesh witnessed a growth rate of 9.24% at constant prices in 2024-25 compared to 6.18% in 2023-24. ‘“The Per Capita Income for 2024-25 is estimated at ₹2,68,653 higher than the national average of ₹2,00,162 indicating improved living standards for the State’s residents,” the government said in the document. Swarna Andhra Vision 2047 aims to establish Andhra Pradesh as a …

Andhra under severe financial stress, report informs House
1 week, 6 days ago

Andhra under severe financial stress, report informs House

Hindustan Times  

Andhra Pradesh has been facing tremendous financial stress due to shrinking of revenue base, bludgeoning expenses, increase in establishment costs, interest payments, welfare commitments and loss of capital city as a major commercial hub, according to the report of AP Socio-Economic Survey for 2024-25 that was tabled in the state legislative assembly on Monday. During 2023-24, the state’s own tax …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
2 weeks, 3 days ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
2 weeks, 3 days ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

Living Under Congress Govt Costly: Karnataka BJP Chief
3 weeks, 5 days ago

Living Under Congress Govt Costly: Karnataka BJP Chief

Deccan Chronicle  

Bengaluru: The Congress ruled State Government borrowed a whopping Rs 1, 90,000 crore as loans after Siddaramaiah became the Chief Minister in May, 2023, said State Bharatiya Janata Party president and MLA B.Y. Even after huge borrowings by the State Government, steps have been initiated to hike property guidance value by 30 per cent, vehicle registration by 30 per cent, …

₹1,570 crore owed to Bihar under MGNREGS, Centre tells Rajya Sabha
1 month, 1 week ago

₹1,570 crore owed to Bihar under MGNREGS, Centre tells Rajya Sabha

The Hindu  

On a day when National Democratic Alliance MPs from Bihar met Prime Minister Narendra Modi in Parliament to express gratitude for the recent budget announcements for their State, the Union Ministry of Rural Development informed the Rajya Sabha that the Centre owed ₹1,570 crore funds to the State under the Mahatma Gandhi National Rural Employment Guarantee Scheme. Replying to a …

‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’
1 month, 2 weeks ago

‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’

Live Mint  

Congress leader Rahul Gandhi hit back the Centre on Saturday over Budget 2025 noting that the ‘government is bankrupt of ideas’ Commenting on the Budget 2025, which was presented by Finance Minister Nirmala Sitharaman, he posted on X, “A band-aid for bullet wounds!” “Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Congress MP Rajmohan Unnithan welcomed the …

Interest payment burden continues to mount as Telangana government grapples to raise resources
2 months, 2 weeks ago

Interest payment burden continues to mount as Telangana government grapples to raise resources

The Hindu  

Interest burden on Telangana’s finances continue to mount with every passing month leaving the State government to face a challenging time in managing its finances in the coming days. The government has projected ₹17,729 crore towards interest payments during the current financial year in the budget estimates. But the quantum of interest paid is ₹17,080 crore till November-end with four …

We borrowed money to repay debt incurred by BRS: Dy CM Mallu Bhatti
3 months, 1 week ago

We borrowed money to repay debt incurred by BRS: Dy CM Mallu Bhatti

New Indian Express  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has accused the previous BRS government of bringing down the state finances to a stage where the Congress dispensation had to borrow fresh loans to repay the existing debts. The deputy CM said that the present government had borrowed Rs 52,118 crore, and repaid Rs 64,516 crore in the last one year. Vikramarka, …

Telangana Govt grappling to raise financial resources as debt burden increased from ₹72,658 crore to ₹6.71 lakh crore
3 months, 2 weeks ago

Telangana Govt grappling to raise financial resources as debt burden increased from ₹72,658 crore to ₹6.71 lakh crore

The Hindu  

A year into governance, the Congress Government that took over the reins in Telangana last year is grappling to find resources to finance the commitments due to the huge debt burden, which went up from ₹72,658 crore at the time of formation of Telangana to ₹6.71 lakh crore in the past decade. No tangible fiscal assets created in last 10 …

Andhra Pradesh debt increased by 16.55% in 2022-23: Report
3 months, 3 weeks ago

Andhra Pradesh debt increased by 16.55% in 2022-23: Report

New Indian Express  

VIJAYAWADA: The Comptroller and Auditor General observed that the revenue expenditure increased by 26.45% and capital expenditure decreased by 55.75% in 2022-23 compared to 2021-22. In the State Finances Audit Report for 2022-23 tabled in the AP Legislative Assembly on Friday, the CAG found that public debt receipts increased by 16.55% and repayment of public debt increased by 11.11% in …

Debt in Andhra Pradesh stands at Rs 9.74 lakh crore, says CM Chandrababu Naidu
4 months ago

Debt in Andhra Pradesh stands at Rs 9.74 lakh crore, says CM Chandrababu Naidu

New Indian Express  

VIJAYAWADA: Chief Minister N Chandrababu Naidu on Friday revealed that the State incurred a debt of Rs 9,74,556 lakh crore under the previous YSRC government. Listing the components of the debt, Naidu explained it includes Rs 4.3 lakh crore State debt, Rs 80,914 crore Public Account Liabilities, Rs 2.47 lakh crore corporations debt, civil supplies debt of Rs 36,000 crore, …

CAG says off-budget liabilities of Andhra at ₹32,903 crore
4 months ago

CAG says off-budget liabilities of Andhra at ₹32,903 crore

Hindustan Times  

The off-budget liabilities of the Andhra Pradesh government stood at ₹32,903 crore at the end of the 2023-24 financial year, the Comptroller and Auditor General of India said in its report tabled in the state assembly on Wednesday. The CAG, which reviewed the state government’s budget for the financial year 2023-24, said the off-budget borrowing is a liability of the …

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence
4 months ago

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence

India Today  

The Chandrababu Naidu-led National Democratic Alliance government in Andhra Pradesh, which assumed office in the second quarter of 2024-25, has presented a Rs 2.94 lakh crore budget, reducing the extraordinary emphasis on welfare schemes and sops by the earlier Yuvajana Sramika Rythu Congress Party regime of Y.S. His government targeted the previous YSRCP regime for “destroying the financial conditions of …

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG
4 months, 1 week ago

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG

The Hindu  

Tamil Nadu’s Own Tax Revenue grew about 14% to ₹86,975.28 crore in the first half of fiscal 2024-25 from ₹76,257.13 crore in the first half of 2023-24, according to the provisional figures from the Comptroller and Auditor-General. Among the SOTR components, the State Goods and Services Tax collection grew 20.12% to ₹35,414.05 crore in the first half of 2024-25 from …

FM Nirmala Sitharaman: Centre’s allocation high, Karnataka government spreading false information
7 months, 2 weeks ago

FM Nirmala Sitharaman: Centre’s allocation high, Karnataka government spreading false information

New Indian Express  

BENGALURU: Union Finance Minister Nirmala Sitharaman here on Sunday lashed out at the Congress-led state government, alleging that it is spreading misinformation that the Centre is not giving the state its due. Addressing the first press conference in Bengaluru after presenting the budget, Sitharaman, who is a Rajya Sabha member from Karnataka, reeld out statistics to claim that the allocation …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
8 months, 2 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
1 year ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn
1 year ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times  

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
1 year, 1 month ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes
1 year, 1 month ago

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes

The Hindu  

February 16, 2024 09:37 am | Updated 03:12 pm IST Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a revenue-deficit Karnataka Budget for 2024-25 on February 16 with a total outlay pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. With the deficit pegged at ₹27,354 crore, this is also perhaps the first …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
1 year, 1 month ago

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3

The Hindu  

The sluggish pace of growth in the revenue receipts in Telanganacontinued at the end of the third quarter of the current financial year with overallrevenue receipts pegged at ₹1.25 lakh crore, 57% of the ₹2.16 lakh crore projected in the budget estimates. Tax revenue has shown some improvement since the past few months reaching ₹99,693 crore, 65.37 % at the …

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24
1 year, 2 months ago

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

The Hindu  

The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India. So far in fiscal 2023-24, Tamil Nadu’s total tax revenue stood at about ₹1.27 lakh crore, which is 57.27% of the budgeted estimates, according to the provisional figures from …

'BJP's money': DK Shivakumar on ₹82 crore recovered in Karnataka
1 year, 5 months ago

'BJP's money': DK Shivakumar on ₹82 crore recovered in Karnataka

Hindustan Times  

Karnataka deputy chief minister DK Shivakumar on Tuesday rebutted the BJP's charge that ₹82 crore recovered in the state recently was linked to the Congress, saying the JP Nadda-led party was the "foundation of corruption". On October 12, the Income Tax Department conducted searches in premises linked to government contractors and real estate developers in Karnataka, Andhra Pradesh, Telangana, New …

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself
1 year, 5 months ago

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself

The Hindu  

The statement on the quarterly review of the trends in receipts and expenditure in relation to the budget at the end of the first quarter of the 2023-24 financial year presents a grim picture of the State government’s finances. According to the report, the revenue deficit exceeded the budget estimates for the financial year 2023-24 in the first quarter itself. …

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress
1 year, 5 months ago

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress

News 18  

With the Congress government in Himachal Pradesh presenting a white paper on the state’s finances, an acrimonious exchange was witnessed between opposition and treasury benches in the assembly after the report indicated a grim fiscal health with the state’s financial liabilities mounting to Rs 92,774 crore. Agnihotri read the report amid a charged atmosphere, while blaming the previous BJP regime …

Himachal’s per capita debt over ₹1 lakh: Govt white paper
1 year, 5 months ago

Himachal’s per capita debt over ₹1 lakh: Govt white paper

Hindustan Times  

Himachal deputy chief minister Mukesh Agnihotri on Thursday presented a white paper on the financial condition of the state and said that due to the mess created by the previous Bharatiya Janata Party dispensation, there is a debt of ₹1,02,818 on each person in the hill state. The deputy CM said the former Bharatiya Janata Party dispensation had taken a …

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position
1 year, 6 months ago

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position

The Hindu  

Former Finance Minister and TDP Politburo member Yanamala Ramakrishnudu wrote a letter to Special Chief Secretary S.S. Rawat on August 23, seeking a clarification whether the recent findings of the Comptroller & Auditor General of India on the State’s financial position in FY 2021-22 reflect the true picture. He stated that two inevitable conclusions could be drawn from the CAG’s …

Debt incurred by Jagan government is only Rs 1,77,991 crore, says FM
1 year, 7 months ago

Debt incurred by Jagan government is only Rs 1,77,991 crore, says FM

Deccan Chronicle  

VIJAYAWADA: Finance Minister Buggana Rajendranath has said that the state government’s debt increased by 12.4 per cent only during the 2019-23 period. The minister explained that AP’s debt increase was 16.8 per cent during Chandrababu's first term, while in his second term it was 17 per cent. During the five-year period from 2014-15 to 2018-19, the annual growth rate in …

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports
1 year, 10 months ago

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports

Op India  

The Congress party’s significant victory against the Bharatiya Janata Party in Karnataka has emerged as the result of a variety of circumstances, but the freebies that the party provided to the populace may have tipped the scale in its favour. Nearly 20% of the state budget is represented by the estimated sum of Rs 62,000 crore. According to the most …

AP finance special secretary debunks claim of ₹10L-cr debt
1 year, 10 months ago

AP finance special secretary debunks claim of ₹10L-cr debt

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister’s special secretary Duvvuri Krishna on Thursday, condemning false news making the rounds on the state’s finances, said the total debt of AP was Rs 6.51 lakh crore and not Rs 10 lakh crore, as was being claimed by the Opposition. Krishna said, “The outstanding liabilities of the undivided state of Andhra Pradesh on March 31, …

Priyanka Gandhi accuses BJP of looting ₹1.5 lakh crore from Karnataka
1 year, 10 months ago

Priyanka Gandhi accuses BJP of looting ₹1.5 lakh crore from Karnataka

The Hindu  

Congress general secretary Priyanka Gandhi Vadra accused the BJP government in Karnataka of looting ₹1.5 lakh crore from the State and called upon people of the State to vote out the ‘corrupt’ government in the Assembly elections on May 10. “Do you know what could have been done with ₹1.5 lakh crore,” she asked the gathering before claiming, “The money …

Measures to make T.N. revenue-neutral to be keenly watched
1 year, 11 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

Bengal FM presents ₹3.39-lakh crore budget for 2023-24
2 years, 1 month ago

Bengal FM presents ₹3.39-lakh crore budget for 2023-24

The Hindu  

West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented a ₹3.39-lakh crore budget for 2023-24, with a proposal to waive agricultural income tax on tea gardens for two years and extend credit facility to young entrepreneurs. “I propose to provide ₹3.39-lakh crore budget for financial year 2023-24,” Ms. Bhattacharya said, while placing the financial statement in the assembly. Announcing sops …

Banks write off loans worth Rs 11.17 lakh crore in last 6 years
2 years, 2 months ago

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

Deccan Chronicle  

NEW DELHI: Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday. "As per RBI data, public sector banks and scheduled commercial banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years," …

BJP received Rs 614.53 crore as contributions in 2021-22, Congress Rs 95.46 crore, AAP Rs 44. 54 crore
2 years, 3 months ago

BJP received Rs 614.53 crore as contributions in 2021-22, Congress Rs 95.46 crore, AAP Rs 44. 54 crore

India TV News  

The ruling BJP received Rs 614.53 crore as contributions, more than six times the funds garnered by the opposition Congress during fiscal year 2021-22. The Congress received funds to the tune of Rs 95.46 crore, according to Election Commission data. The Trinamool Congress, which is in power in West Bengal, received Rs 43 lakh as contributions during the period while …

West Bengal govt breached loan limit with Reserve Bank, says BJP
2 years, 4 months ago

West Bengal govt breached loan limit with Reserve Bank, says BJP

Firstpost  

Taking to Twitter, Suvendu Adhikari, the BJP MLA from Nandigram urged the Union Finance Ministry to advise the West Bengal government to generate internal revenues by modifying its land policy Kolkata: Suvendu Adhikari, the Leader of the Opposition in West Bengal, today claimed that the state government has “breached its borrowing limit” under the Fiscal Responsibility & Budget Management Act …

India’s GDP grows by 13.5% in the first quarter of financial year 2022-23
2 years, 6 months ago

India’s GDP grows by 13.5% in the first quarter of financial year 2022-23

Op India  

Continuing with the trend of recovery of the economy following the devasting effects of the Covid-19 pandemic, the Indian economy grew by 13.5% during the first quarter of the current financial year. The ministry said that the real GDP at Constant Prices in Q1 2022-23 is estimated to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 …

Andhra Pradesh\'s buoyancy on revenue front, despondency on the other
3 years, 1 month ago

Andhra Pradesh\'s buoyancy on revenue front, despondency on the other

Deccan Chronicle  

Amaravati: Andhra Pradesh's revenues showed a buoyant growth at the end of the third quarter of the 2021-22 financial year but the overall economic situation remained “beyond alarming” because of a 918 per cent revenue deficit, coupled with a 156.93 per cent fiscal deficit. Interestingly, the state government borrowed Rs 58,111.85 crore in the first 9 months of the current …

BJP India’s Richest Party with Declared Assets of Rs 4,847.78 Crore in 2019-20; Here's How Others Compare
3 years, 1 month ago

BJP India’s Richest Party with Declared Assets of Rs 4,847.78 Crore in 2019-20; Here's How Others Compare

News 18  

The Bharatiya Janata Party is India’s richest political party with nearly 70 per cent of the total assets held by the national parties, a report by the Association for Democratic Reforms says. As per the report, titled ‘Analysis Of Assets & Liabilities of National & Regional Political Parties for FY 2019-20’, the total assets declared by the seven national and …

Centre's fiscal deficit at ₹5.47 lakh crore at end-October
3 years, 3 months ago

Centre's fiscal deficit at ₹5.47 lakh crore at end-October

The Hindu  

The Union government's fiscal deficit works out to be ₹5.47 lakh crore or 36.3% of the budget estimates at the end of October 2021 on the back of improvement in revenue collection, according to the data released by the Controller General of Accounts on Tuesday. Commenting on the data, Aditi Nayar, Chief Economist, ICRA Limited, said despite the likely revenue …

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21
4 years ago

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21

The Hindu  

Tamil Nadu’s market borrowings has touched ₹82,000 crore in FY2020-21, up 37% from ₹59,990 crore in the comparable period last year. On Tuesday, Tamil Nadu raised ₹2,500 crore through re-issue of a 10-year bond also called as State Development Loans. Tamil Nadu, Maharashtra, Uttar Pradesh, Karnataka, Rajasthan and Andhra Pradesh have been the top six borrowing states, accounting for 53% …

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report
4 years, 4 months ago

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report

News 18  

The Andhra Pradesh government’s borrowings for the first half of the 2020-21 fiscal far exceeded revenues and the revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General. AP’s tax revenue during the April-September period was just Rs 29,936.39 crore, compared to Rs 41,904.25 crore during the corresponding period …

Gujarat public debt to touch whopping Rs 4 lakh cr by 2023
5 years ago

Gujarat public debt to touch whopping Rs 4 lakh cr by 2023

India TV News  

According to the Gujarat government's own projections, the state public debt will touch Rs. According to the state government's documents, the current status of state's public debt for the ensuing year of 2020-21, as per the budget estimate is Rs. Even though the state government might be claiming to be borrowing while keeping the cap of public debt to GSDP …

Govt appropriated 99 pc of RBI's profits since 2014: Yechury
5 years, 6 months ago

Govt appropriated 99 pc of RBI's profits since 2014: Yechury

India TV News  

CPI general secretary Sitaram Yechury hit out at the Centre on Tuesday over the record cash transfer by the RBI, alleging that the government had "appropriated" 99 per cent of the profits of India's central banking institution since 2014. The Left leader's reaction came a day after the Reserve Bank of India approved the transfer of a record Rs 1.76 …

Gujarat Finance Minister Nitin Patel presents highest-ever Rs 2 lakh crore-plus budget
5 years, 8 months ago

Gujarat Finance Minister Nitin Patel presents highest-ever Rs 2 lakh crore-plus budget

India TV News  

Gujarat Finance Minister Nitin Patel on Tuesday presented Rs 2,04,815 crore budget - the state's highest-ever - for 2019-20, with an overall surplus of Rs 572 crore and additional taxes to the tune of Rs 287 crore. Presenting his seventh budget, Patel called it a "historical moment as the first time since the formation of the state, a budget size …

Fiscal deficit crosses 134% of budget estimate at February-end on tepid growth in revenue collections
5 years, 11 months ago

Fiscal deficit crosses 134% of budget estimate at February-end on tepid growth in revenue collections

Firstpost  

New Delhi: The country’s fiscal deficit touched 134.2 percent of the full-year revised budgeted estimate at the end of February 2019, mainly due to tepid growth in revenue collections, official data showed on Friday. In absolute term, fiscal deficit for April-February 2018-19 was Rs 8.51 lakh crore as against the revised estimate of Rs 6.34 lakh crore for the entire …

Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Shiv Pratap Shukla
6 years, 3 months ago

Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Shiv Pratap Shukla

India TV News  

During the four years from the financial year 2014-15 to fiscal 2017-18, public sector banks recovered Rs 2.33 lakh crore worth of bad loans, Centre informed Parliament on Friday. In a written reply in Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said, as per RBI data on global operations for PSBs, during the financial years 2014-15 to …

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