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In the last few months, especially after the start of rate cuts by the RBI, the yield on state government bonds fell by around 47 basis points, and the yield on government securities eased by around 40 bps.
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Capital expenditure by states rose to 2.8 percent of GDP in 2023-24 from 2.5 percent in 2022-23, due to advance payment of tax devolution and enhanced allocation under the Centre’s scheme for Special Assistance to States for Capital Expenditure, the report added
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Here’s how central and state governments procure funds to meet their fiscal needs.
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TN industries minister highlighted that Tamil Nadu possesses a forward-looking EV policy, paving the way for transformative changes in commuting, supported by the 'Battery-as-a-Service' initiative.
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Karnataka's space ecosystem is well-positioned to secure over 40 percent of Indian space economy market share, says minister
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Shivamogga is the first airport in Karnataka to be operated and maintained by the state government
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State governments invested Rs 91,059 crore in treasury bills in the primary market in May compared to Rs 77,693 crore in April, shows RBI data.
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A finance ministry-instituted committee to review NPS for government employees will look at improving the pension system further.
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Traffic, crumbling infrastructure remain the key concerns of companies operating in the state capital.
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A recently released RBI report shows that nearly all the municipal corporations in India are struggling financially and highly dependent on support from state and central governments.
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The finance ministry said it was able to release more funds following "close monitoring" of receipts from taxes and duties.
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The Ministry has notified states that farmers will now be allowed to directly enrol for the scheme by self-declaring landholdings
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State governments continue to hesitate in taking tough measures to improve power scenario in their states keeping political interest ahead
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J&K Bank will issue over 3.65 crore shares on preferential basis to the state government to raise Rs 250 crore.
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The panel had earlier recommended to the government to consider changing the financial year to January-December or July-June instead of the 150 year old norm of April to March.
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The State government had permitted auctioning of five large-scale mining blocks in 2016-17. The Department of Mines had notified auctioning of the blocks, according to a government statement.
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Steel and Mines Minister Prafulla Mallick handed over the cheque of Rs 500 crore to Chief Minister Naveen Patnaik.
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The Department of Industrial Policy and Promotion (DIPP) has floated a draft Cabinet note on the matter seeking views of different ministries.
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The government is leaving no stone unturned to ensure smooth implementation of the Goods and Services Tax (GST) from April 1 2017.
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Youths have no dearth of ideas. Lots of creative ideas take shape in their mind. They should convert them into business ideas according to the need of market to provide facilities to people at lower rates in a convenient manner," Chief Minister Raman Singh said after the event.
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Maharashtra Chief Minister Devendra Fadnavis today said the state government wants to bring all the services for citizens on a mobile phone.
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Aiming to double farmers' income by 2022, Rajasthan government today invited investors to partner with the state government in agriculture and related sectors.
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Tantuja, West Bengal's traditional handloom brand, will take the omni-channel marketing route for reaching out to more customers, besides introducing new products
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Earlier this month, the government had announced reduction in retail prices of non-urea fertilisers including DAP by up to Rs 5,000 following drop in global prices of raw materials.
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Under the Integrated Power Development Scheme (IPDS), the West Bengal State Electricity Distribution Company Limited (WBSEDCL) will invest Rs 43 crore for setting up rooftop solar PV power plants in the next five years.
