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Punjab budget for 2019-2020 includes no new taxes; proposes hike of 9-36% in funds for agriculture, health and education sectors
•Badal further informed Punjab Assembly that as against the allowed net borrowing limit of Rs 17,335 crore for financial year 2019-20, the debt servicing is a whopping Rs 30,309 crore.
Tamil Nadu govt presents 2019-20 budget with no new taxes; revenue deficit expected to reduce in next few years
•The Tamil Nadu government also announced a number of initiatives in various sectors, including implementing a Rs 2,000 crore comprehensive parking management project in state capital Chennai
On course to meet 3.5% fiscal deficit target for 2018, say FinMin official
•On Wednesday, India reported a fiscal deficit of 7.2 trillion rupees ($110.42 billion) for April-February, which was 120.3 percent of the budgeted target for the current fiscal year
Maharashtra Budget 2018: State’s debt increases, but so has income potential
Rnb •Share of agriculture in Maharashtra state’s GSDP saw an increase from around 7 percent in 2013 to around 12 percent last year.
FRBM recommendations: Why blind obsession for fiscal deficit targets could hurt growth
Madan •The new FRBM leaves the rules open to interpretation, which in a way is good from the practical view point
Fiscal deficit zooms to 61% of budget estimates in Apr-Jun quarter
•The deficit was 51.6 percent in the same quarter of last fiscal. The government estimates fiscal deficit in 2016-17 to be Rs 5.33 lakh crore or 3.5 percent of GDP
Budget 2016: Kudos, Jaitley; FM sticks to roadmap, fiscal deficit at 3.5% for FY 2017
Sreemoy Talukdar •The fiscal deficit in current fiscal has been estimated at 3.9 per cent, which will be brought down to 3.5 per cent in next fiscal.
Badals mess up Punjab's finances, opposition says state will take 15 years to recover
Rajendra Khatry •Former finance minister and Congress MLA from Sanour, Patiala, demanded that the government immediately announce a financial emergency in the state.
Finance Comm gives more power to states but the Finmin just watered down co-operative federalism
Seetha •The action taken report by the finance ministry says it has accepted the recommendation on Centre-state transfers “in principle”
Boost for Modi's federalism: 42% of taxes collected will go to states
Fp Editors •The 14th Finance Commission report has been tabled in parliament today. Here are some of the key recommendations that Firstpost has been able to put together from reports available so far