Mumbai (Maharashtra) [India], August 24 (ANI): States are likely to face uncovered losses of up to Rs 3.1 lakh crore in the current financial year due to massive disruption caused by COVID-19 pandemic, according to a report by State Bank of India (SBI) released on Monday.
Mumbai (Maharashtra) [India], Aug 17 (ANI): India's GDP is expected to contract by 16.5 per cent during the first quarter of current fiscal as the current Covid-19 pandemic is spreading at a much faster rate after the opening up of the economy, State Bank of India's research report Ecowrap s
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) expects the gross state domestic product (GSDP) of all states in India to contract during the current financial year in the range of 1.4 to 14.3 per cent.
Raipur (Chhattisgarh) [India], June 9 (ANI): Chhattisgarh Chief Minister Bhupesh Baghel has written a letter to Union Finance Minister Nirmala Sitharaman requesting her to reconsider the Centre's decision to link the increased borrowing limit of states to specific reforms and allow the state
New Delhi [India], May 17 (ANI): Finance Minister Nirmala Sitharaman said on Sunday the Central government has increased borrowing limit for states from 3 to 5 per cent of gross state domestic product (GSDP) for the current financial year 2020-21, giving them additional resources of Rs 4.
New Delhi [India], May 17 (ANI): To deal with the economic fallout of COVID-19, the Centre increased borrowing limit for states from three to five per cent for 2020-21 only, Union Finance Minister Nirmala Sitharaman announced on Sunday.
Raipur (Chhattisgarh) [India], May 1 (ANI): Chhattisgarh Chief Minister Bhupesh Baghel on Friday wrote to Prime Minister Narendra Modi, seeking consent to relax this year's credit limit up to 6 per cent of GSDP and keep fiscal deficit at 5 per cent.
Chandigarh (Punjab) [India], Mar 2 (ANI): The Punjab Cabinet on Monday decided to amend the Punjab Fiscal Responsibility and Budget Management (FRBM) Act, 2003, to allow the state to make additional borrowing of Rs. 928 crore in 2019-20, over and above its net borrowing ceiling of 3 per cent
Lucknow (Uttar Pradesh) [India], Feb 18 (ANI): The Yogi Adityanath government presented a budget of Rs 5,12,860.72 crore for the financial year 2020-21 on Tuesday.
Bhubaneswar (Odisha) [India], June 28 (ANI): Odisha's gross state domestic product (GSDP) grew by 8.4 per cent during 2018-19 compared to 7.4 per cent in previous financial year, highlighting that it has grown at a faster rate than states like Haryana, Punjab, Kerala, Chhattisgarh, Madhya Pr
Dehradun [Uttarakhand], Jan 19 (ANI): The net state domestic product (NSDP) of Uttarakhand for 2018-19 has been pegged at Rs 2,12,433 crore, showing a growth rate of 10.43 per cent over the provisional estimate of Rs 1,92,364 crore in 2017-18.
Hyderabad (Telangana) [India] Jan 1 (ANI): Telangana is a role model for the cause of farmers and it is at the top in Gross State Domestic Product (GSDP) in the country with revenue growth of 29.97 per cent for the financial year 2018-19, said the state Chief Minister K Chandrasekhar Rao (KC