Budget 2024: State governments have stepped up capital expenditure
Devolution of central taxes among states has remained a contentious issue over cess
 "Budget 2024: State governments have stepped up capital expenditure")
CHALLENGES
- States have been increasing capital expenditure, but fiscal deficit remains higher than pre-pandemic times
- Devolution of central taxes among states has remained a contentious issue over cess and surcharge collections which are not shared with the states
TAKEAWAYS
- Purvodaya, a plan for the all-round development of the eastern region of the country including Bihar, Jharkhand, West Bengal, Odisha and Andhra Pradesh
Also Read
- Additional allocations for the development of Andhra Pradesh and Bihar in terms of infrastructure development