No restrictions on utilisation of additional borrowing by states, says official; to get extra resources of Rs 4.28 lakh cr
Finance Minister Nirmala Sitharaman had said that an increase in borrowing limits will be subject to states taking citizen centric reforms, which are aimed at improving quality of service delivery to the public.
Mamata Banerjee writes to Narendra Modi about 'steady reduction' of funds; political ploy to fool people, says BJP
West Bengal chief minister Mamata Banerjee on Thursday wrote a letter to Prime Minister Narendra Modi, expressing concern over "steady reduction" of Central funds to the state and "inordinate delay" in their release. The BJP called the letter a "political ploy to befool people" ahead of civic polls in the state.
Devendra Fadnavis is handing over a healthy balance sheet to Uddhav Thackeray but fresh challenges are emerging
In terms of debt, fiscal deficit and overall Gross Domestic Product contribution to the national income, Maharashtra is a well-performing state compared with other major states.
It's time to strike balance between development, air pollution to minimise economic losses, health risks
Air pollution is a major health risk in India as it is home to 15 of the 20 most polluted cities in the world. This imposes significant economic costs on its citizens.
During the meeting with the 15th Finance Commission on Wednesday, 12 economists also made a case for improving the quality of budgeting
Maharashtra state budget: Revenue deficit of over Rs 19,000 cr, provision for special fund for farm loan waiver
The final budget which will be presented in the next session (after Lok Sabha elections) will focus on farmers, the poor, women and youth
Maharashtra economic survey: Fadnavis' approach to farmer distress should be on 'Don't' list of every state govt
The economic impact on account of additional borrowing made by Devendra Fadnavis government to fulfill the loan waiver promise that ultimately never benefitted anyone beyond winning a political point for Fadnavis himself
Devendra Fadnavis govt has vision to turn Maharashtra into $1 trillion economy, says Governor Vidyasagar Rao
Maharashtra Governor Ch Vidyasagar Rao on Monday said the state government has a vision to turn the state into a one trillion dollar economy by 2025.
Supreme Court's cancellation of 88 mining leases likely to impact Goa's shipping industry, slow down GDP
Firstpost takes a look at the mining industry in Goa, and what could be the possible impacts of the ban, especially on related industries like shipping.
Arun Jaitley slams Congress, says its manifesto promises are 'constitutionally impossible' and 'financially improbable'
BJP leaders Arun Jaitley, Jitu Vaghani and Bhupendra Yadav released the party manifesto for the Gujarat Assembly Elections in Ahmedabad
Finance Minister Manpreet Singh Badal proposed the budget of Rs 1,18,237.90 crore, with an emphasis on education and social sectors.
Telangana state industrial policy launched in June 2015 has generated Rs 73,000 crore in investments, and created 2.46 lakh jobs in the process, said state Industries and Commerce Minister K T Rama Rao
Opening his innings with a revenue deficit of Rs 16000 crore, Naidu was banking on the Telugu Desam representation in the Modi sarkaar to get his way. That has not happened.
What will the double whammy of the UDAY (Ujwal Discom Assurance Yojana), the central government’s financial turnaround scheme for state power distribution companies, and pay revisions of government employees do to the finances of state governments?
Former finance minister and Congress MLA from Sanour, Patiala, demanded that the government immediately announce a financial emergency in the state.
The report said states spent an average 43 per cent towards social services, 22 per cent on economic services and 23 per cent on general services
The Commission has patted states on the back for largely meeting the fiscal consolidation targets set for them, while rapping the Centre on the knuckles for not being disciplined enough and amending the FRBM Act and Rules at its will.