The states inch towards reforms

Raisina Hill

P Vaidyanathan Iyer New Delhi

Last Updated : Jan 28 2013 | 2:19 AM IST

The FRBM has been enacted now, but the Centre has hardly managed to cut its non-Plan expenditure. It is the states, however, that have moved forward slowly and steadily.

Between 1999-2000 and 2002-03, the gross fiscal deficit of 29 states as a percentage of GDP dropped from 4.72 to 3.83. During the same period, the Centre

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