Page 2 - State Revenues

Unless Tamil Nadu widens revenue base, it can slip into debt trap: Experts

Tamil Nadu will fall into a debt trap if the govt continues to borrow to pay the old debt without focusing on infrastructure development, said experts

PM Modi urges states to maintain fiscal discipline, take prudent decisions

Prime Minister Narendra Modi on Saturday said that the Centre, states and Union Territories need to work as a team and develop a long-term common vision to fulfil the aspirations of people to make India a developed country by 2047, when the country completes 100 years of Independence. Addressing the eighth Governing Council meeting of NITI Aayog here, Modi also urged the states to maintain fiscal discipline and take financially prudent decisions which are capable of delivering programmes that meet the aspirations of the people. The Prime Minister urged the states to proactively use the Gati Shakti Portal not only for infrastructure and logistics but also for local area development and creation of social infrastructure. Briefing media about the deliberations of the meeting, NITI Aayog CEO BVR Subrahmanyam said that chief ministers and Lt Governors of 19 states and six UTs attending the meeting. However, chief ministers of 11 states -- Punjab, Bihar, Tamil Nadu, Karnataka, Delhi, ...

Centre strangulating Kerala by cutting down financial grants: Kerala FM

The ruling Left government in Kerala is now planning to rope in the Congress-led opposition to stage a joint protest against the Centre on this issue

Why do states want a bigger share of GST?

Finance ministers of some states have demanded a 10 percentage point jump in their share of revenue from GST collections. What is behind this demand? What will be its impact if implemented?

UP CM lauds excise department for curbing sale of spurious liquor

Uttar Pradesh Chief Minister Yogi Adityanath on Friday hailed the excise department's efforts to curb the supply and black-marketing of spurious liquor and increasing revenue, a government spokesperson said. Adityanath was speaking at an event where he congratulated 332 new constables on their recruitment to the excise department. He said, "Tireless efforts were made after 2017 to curb the supply of spurious liquor. Resultantly, the state managed to gather a revenue of about Rs 42,000 crore by the end of this year, in contrast to just Rs 12,000 crore in 2017. I urge all the newly-recruited constables to work as transparently and dedicatedly as the government did during their recruitment." The chief minister also expressed happiness on the recruitment of 109 women constables and said, "It is extremely heartening to see about 30% recruitment of women during the holy 'Sharadiya Navratri'. The government is committed to providing employment opportunities to the youth with utmost ...

Punjab power subsidy at multi-year high, other sops in focus in new budget

Punjab's new budget promises sops that may delay the state's date with fiscal prudence

The state of states

India's fiscal challenge can get worse if states spend more even with lower revenue growth

States' tax revenues lower than two years ago as demand for spending rises

An analysis of 17 states shows that while states' revenue spending in April-June 2021 was 14% higher than the same period in 2019, own revenues were 8% lower

Andhra Pradesh govt presents Rs 2.29 trillion budget for FY 2021-22

Andhra Pradesh government presented its annual budget for the financial year 2021-22 with an estimated expenditure of Rs 2.29 trillion and estimated revenue of Rs 1.77 trillion

Poll-bound states spend heavily this year amid ambitious Budget projections

But their Budget numbers are inclined to be overstated due to substantial revisions in revenues and grants shared by the Centre

Beyond the pandemic: The crisis of revenues

Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure

Financing the vaccine

Any cess or surcharge should be one-time

Centre gives Rs 6,000 crore to 14 states as revenue deficit grant

This is in line with interim recommendations of 15th finance commission; similar amount was released in April-Nov period of current fiscal

States' indebtedness may soar 36% to Rs 68 trn this year: Report

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

India's experience with revenue-share model is not good. How to fix it?

The Centre is only just learning how to draft workable contracts with the private sector

Centre releases Rs 6,158 cr to 14 states as revenue deficit grant

A similar amount was released as grant in the April-October period of the current financial year.

Centre releases Rs 6,195 crore to 14 states: FM Nirmala Sitharaman

A similar amount was released as grant in April-October period of the current financial year

Statsguru: What is the asking rate in second half to meet economic targets

The economy is expected to see a sharp contraction, according to Reserve Bank of India's projection, and so will the tax revenues of the government

Statsguru: Rough terrain for states amid slowing economy hit by Covid-19

In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount

13 states submit borrowing option to Centre to fund GST shortfall

These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand and Meghalaya