Budget Allocation Northeast States
States' interest cost inches up as borrowing grows 8%: Icra Ratings
After remaining stable for many weeks, the cost of borrowing for states inched up by 5 basis points to 7.64 per cent at Tuesday's auction when 15 of them raised Rs 25,700 crore from the market. The amount of debt raised today is a 13-week high and for the first time shows an annualised growth of 8 per cent year-to-date -- a first as throughout the year, the weekly borrowing has been below the year-ago weeks, yet 15 per cent lower than the indicated amount in the borrowing calendar, according to a note by Icra Ratings. The weighted average cut-off on state government loans rose 5 basis points to 7.64 per cent over the previous week, and the weighted average tenor rose to 13 years from 11 during the week. The spread between the 10-year state bonds and G-sec (government securities) yield stood at 30 basis points today, amidst an inverted yield curve, according to Aidti Nayar, chief economist and head research and outreach at Icra, said. States have cumulatively raised Rs 5.12 lakh cro
 "States' interest cost inches up as borrowing grows 8%: Icra Ratings")
Tardy allocation of money to ministry for northeastern states
Actual allocation remained more or less stagnant in 2011-12 and 2012-13, compared to the previous years
 "Tardy allocation of money to ministry for northeastern states")
