Page 5 - States

Central, state governments should work together: VP Venkaiah Naidu

Unveiling former Tamil Nadu Chief Minister and DMK President late M. Karunanidhi's bronze statue at the Omandurar Government Estate, Naidu said it is "Team India"

States used Rs 1,460 cr from district mineral foundation fund to curb Covid

District Mineral Foundation (DMF) is a non-profit statutory trust, which has been set up for the welfare of the districts affected by mining-related activities.

States borrowing cost again on a song, hits 1-month high at 6.80%

At the weekly auction of state development loans, six states raised just Rs 8,000 crore, which is 41 per cent lower than the indicated Rs 13,600 crore

Consumer panel jobs: SC warns of imposing exemplary costs on states

The top court had appointed senior advocate Gopal Shankaranarayan and lawyer Aaditya Narain as amicus curiae to assist it in the matter

Prime Minister Narendra Modi greets states on their formation day

PM Modi on Monday greeted the people of Andhra Pradesh, Karnataka, Madhya Pradesh, Chhattisgarh, Kerala, and Haryana

20 states carrying forward Rs 2.6 trn of debt-money into FY22: Report

Most states are likely to be in better fiscal health this financial year as 20 of them are collectively carrying forward Rs 2.6 lakh crore borrowed in FY21 to this fiscal, says a report. This also explains why the states have been borrowing less so far this year despite the pandemic-driven revenue crunch and the soaring public expenses towards health and food, as per the Icra Ratings report released on Friday. Given the pandemic and the resultant financial crunch, the Centre allowed states to borrow up to 5 per cent of their gross state domestic product (GSDP) -- resulting in an aggregate borrowing of Rs 8.5 lakh crore -- in FY21 as they faced massive drop in revenues and higher expenses towards supporting the people hit by the lockdowns. As of August 10, when the state debt was auctioned last, the borrowings by the states so far in FY22 has been 11 per cent less year-on-year and 15 per cent lower than the amounts shown in the indicative auction calendar. A total of 23 states and .

Election Commission meets CEOs of 5 states due for polls early next year

The five assembly polls could be held together early next year.

Global surge in Covid-19 cases a warning for us: PM Narendra Modi

Modi said states must take "proactive measures to rule out any possibility of a third wave"

Centre releases revenue deficit grant of Rs 9,871 crore to 17 states

This is the third monthly instalment of the grant

The importance of EQ over IQ for politicians

Humility, not hubris, should be the middle name of any Indian politician who wants to achieve his goals

State govt responsible for issues related to public health, hospitals: HC

Public health and hospitals are a "state subject": Bombay HC

States likely to ask for five-year extension of GST compensation

Tax sops on Covid supplies to also be on agenda at Council meet

States go slow on projects, halve borrowing even as Covid wreaks havoc

The reason could lie in RBI's accommodation to them and the fact that states themselves could be burdened with interest cost

States lift 39% of 3.96 mn tonnes grains under PMGKAY-3 in first 10 days

But they have distributed less than three per cent so far, data provided by the food ministry showed

Govt to provide Rs 15,000 crore to states for capital expenditure

This is an interest-free 50-year loan for spending on capital projects.

State govts begin vaccine price negotiations, eye Rs 150 per dose

States would have to fund procurement from their own budgets and bridge funding from the Centre is unlikely

PM chairs meeting with CMs of 10 states over prevailing Covid-19 situation

Prime Minister Narendra Modi held a meeting on Friday with chief ministers of 10 states with the most number of Covid-19 cases

Govt slams states: No Covid-19 vaccine shortage, only poor planning

Rajesh Bhushan, Union health secretary, said that there were over 20 million doses in the pipeline to be distributed to states

States close FY21 with borrowing 3% less than notified Rs 8.24 tln

This is is Rs 25,393 crore or around 3 per cent less than the indicated debt for the fiscal

States may face Rs 3 trillion GST compensation shortfall in FY22: Report

This will force them to borrow more from the markets, says a report