State Finances
Latest news, explainers and analysis on State Finances. Tracking 3 stories on Arth Vani.
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Latest on State Finances
RBI Panel Recommends Higher WMA Limits for States, Cautions on Year-End Borrowing
A Reserve Bank of India (RBI) panel has suggested increasing the Ways and Means Advances (WMA) limit for state governments, which acts as a temporary overdraft facility. The panel also raised concerns regarding states' tendency to increase borrowing towards the end of the financial year.
Karnataka's ₹10,000 Crore Road Plan Faces Fiscal Challenges
Karnataka's ambitious ₹10,000 crore road development plan, championed by Deputy CM DK Shivakumar, is reportedly encountering significant financial obstacles. The state's current fiscal constraints are posing a substantial challenge to the implementation of this crucial infrastructure initiative.
States' Fiscal Deficit to Shrink to 3.4% by FY27 on Better Tax Revenue: ICICI Bank
States' fiscal deficit is projected to decrease to 3.4% of their Gross State Domestic Product (GSDP) by the fiscal year 2027. This improvement is largely driven by anticipated stronger tax collections and overall better revenue performance, according to a report by ICICI Bank.
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