Page 4 - Gsdp

Covid-19 impact: Govt writes to states on additional 2% borrowing of GSDP

Further, public and private sector banks have together sanctioned loans worth over Rs 1.20 trillion, while the disbursal amount stood at Rs 61,987 crore

GST compensation period: States likely to push for five-year extension

Set to seek higher borrowing limits as revenues dry up

Goa likely to see steepest contraction in economy in 2020-21, shows data

India Ratings and Research expects the gross state domestic product (GSDP) of all states in India to contract in FY21

Top headlines: Attack on Pak Stock Exchange, states GSDP contraction & more

Business Standard brings you the top headlines of the day

UP to bring ordinance to raise borrowing limit to 5% of state GDP

The state gets additional elbow of Rs 35,000 crore amid lockdown

Chhattisgarh pushes for easing terms attached to hike in state borrowings

Says Centre's economic package is not enough, and states are also finding it diffcult to raise additional resources given the stringent conditions

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

India's Q1 GDP may contract 40%, states to lose Rs 30 trillion: Report

For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP

States' fiscal deficit to rise to 4.5% of GSDP in FY21: Ind-Ra

The 20 states considered in the analysis constituted nearly 86 per cent of the budgeted aggregate revenue receipts for FY20.

No restrictions on utilisation of additional borrowing by states: FinMin

It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of the two is linked to citizen centric reforms, Finance ministry official said.

States call conditions on market borrowings an assault on federal structure

They says the conditions will constrain the state govts' ability to find funds in the wake of a serious financial situation

Borrowing limit raised, but states won't rush to make use of the chance

Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.

Imposing pointless conditions on loans will stifle States: Tamil Nadu CM

Palaniswami was referring to conditions put forward by Centre to raise borrowing limits from 3% to 5% of GSDP for this financial year

Fifth tranche of economic package: 7 measures announced by FM today

The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc

A look at the difficulties states encounter in assessing district-level GDP

Experts say there are number of issues in estimation even of GSDP, let alone district-wise data

Explained in numbers: Covid-19 lockdown impact on states' GST revenues

All the states may see around Rs 5,000 crore of GST collections in 2020-21

Chhattisgarh's economy to grow at 5.32% in FY20: Economic Survey

The per capita income is likely to grow by 6.35 per cent

Mutual fund penetration poor in most states; way below global average

Many have mutual fund assets which are less than 2% of economic output

Modi govt revokes Article 370: Uncertain revenues a worry for J&K

The states' GSDP was Rs 1.6 trillion in 2018-19, and it grew 6.8% in 2017-18

After Modi's $5 trillion vision, Yogi targets $1 trillion GSDP for UP

CM Adityanath exhorts UP's biz community, traders for helping achieve the target