Page 3 - State Budgets

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

UP, Karnataka, TN hike duty on liquor as buffer for Covid-19 loss

UP govt also raises tax on petrol and diesel

Covid-19 crisis: States tap liquor, fuel to fill coffers as revenues fall

The Delhi government has already imposed a Covid cess of 70 per cent on liquor and hiked petrol and diesel prices as the state got just Rs 300 crore in April

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

States can borrow Rs 3.2 trillion in April-Dec after discussions with RBI

The amount that the states have been given permission to raise through open market borrowings is a little more than Rs 3.2 trillion.

Best of BS Opinion: Italy locks down, branded generics market, and more

From why analysing state Budgets can be a challenging exercise to how the success of fact-checkers lies in the failure of journalism, here's a selection of Business Standard Opinion pieces for the day

States also flout Budget numbers discipline

More attention needs to be focused on state Budgets

Telangana govt slashes FY20 budget citing slowdown impact on state finances

The government has allocated around Rs 9,000 crore for social security pensions

BS analysis: States' own tax revenues show slight increase in tax buoyancy

The own tax revenues of states have risen only marginally from 7% of GSDP in 2011-12 to 7.1% in 2018-19