Punjab is the second-most indebted state in the country in terms of debt to gross state domestic product ratio, according to the data shared by Union minister of state for finance Pankaj Chaudhary on Monday. Union minister of state for finance Pankaj Chaudhary shared this information on the estimated outstanding liabilities and debt to GSDP ratio of all states as …
Tamil Nadu Minister for Finance Thangam Thennarasu on Wednesday told the Assembly that the revenue deficit to Gross State Domestic Product ratio has been reduced from 3.28% in 2020-21 to 1.17% in Budget Estimates 2025-26 because of the DMK-led government’s effective financial management. Mr. Thennarasu said the revenue deficit to GSDP ratio was 1% in 2016-17 and increased to 3.28% …
Chennai: The Centre has released a total of Rs 10.36 lakh crore to the states till December. In FY24, the total funds released by the Centre was Rs 13.88 lakh crore of which Rs 11.29 lakh crore was the states’ share in the tax revenues. Finance Commission transfers, which includes Revenue Deficit Grants, accounted for Rs 1.49 lakh crore and …
While India is perennially on an election treadmill, with 10 state elections and a national election coming up in the next 18 months it is perhaps an apposite time to discuss the issue of freebies, i.e. Further, the RBI estimated that the cost of freebies announced in 2022-23 ranged between zero per cent to 2.7 per cent of the GSDP …
