Budget 2024: State governments have stepped up capital expenditure
Devolution of central taxes among states has remained a contentious issue over cess
 "capex")
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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
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 "rupee, indian rupee, indian currency")
 "Amit Shah, Madhya pradesh election")
 "borrowing")
 "capex")
- Additional allocations for the development of Andhra Pradesh and Bihar in terms of infrastructure development
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Topics : Tax Revenue State govt market borrowings Capex
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First Published: Jul 24 2024 | 12:17 AM IST