Page 3 - State Borrowing

States close FY21 with borrowing 3% less than notified Rs 8.24 tln

This is is Rs 25,393 crore or around 3 per cent less than the indicated debt for the fiscal

States' avg per capita debt jumps 16.4% for 3-yr period ending FY21: Report

The maximum addition in states'' borrowings has taken place this fiscal due to the pandemic that has eaten away their revenue by 21.2 per cent, it said

FinMin permits Rs 2,731 crore add'l borrowing by Rajasthan post reforms

The Finance Ministry on Tuesday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state undertook reform in 'one-nation one ration card' system.

Finance Commission report: States' borrowing window, health spending & more

States will receive Rs 10.33 trillion in grants

Budget 2021: Go for bond, not cess to fund Covid expenditure, say experts

The amount raised through these bonds would not be high since domestic borrowing will exert pressure on yields.

No abrupt fiscal correction must be attempted in 2021-22: TN to Sitharaman

Wants borrowing limit of states to be raised to 5%, extension of period under tax loss carry forward, among other things

Telangana gets approval for additional borrowings of Rs 2,508 crore

The permission for mobilising additional financial resources of Rs 2,508 crore through Open Market Borrowings was issued by Department of Expenditure

Huge spike in states' Q4 spend to be used mostly to settle current bills

Aggregate debt raised from the market by states has risen in nine months of this year by a massive 43.5% over last year. It is the biggest jump in state borrowings ever

Additional borrowing permission of Rs 16,728 cr granted to 5 states

These states are Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana

Chhattisgarh, Punjab to opt for centre's borrowing option on GST shortfall

This leaves Jharkhand as the odd one out

Andhra's borrowings in first half of fiscal year far exceed revenues

Revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General.

States facing increasing redemption pressure as borrowings have zoomed

RBI report lauds Odisha, Haryana for dipping into own 'rainy funds' instead of borrowing more; views Gujarat, UP and Punjab as over-leveraged

Centre to borrow to make up for states' GST shortfall: Finance Ministry

Finance Ministry on Thursday said the central government will borrow Rs 1.1 trillion to make up for the shortfall in GST of states

GST compensation: 21 states may borrow Rs 78,000 cr above Rs 1.1 trn option

Tamil Nadu opts for special window, gets permission to borrow Rs 9,600 crore, Kerala reacts strongly to the Centre's move to 'divide" states

Tamil Nadu, 20 more states to borrow Rs 78,452 cr to meet revenue shortfall

The decision comes days after the GST Council failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall.

Tamil Nadu gets permission to borrow additional amount of Rs 9,627 crore

The Department of Expenditure under Ministry of Finance on Wednesday granted permission to Tamil Nadu to raise an additional amount of Rs 9,627 crore through open market borrowings.The permission was issued after the state formally communicated its acceptance for option one to meet the shortfall arising out of GST implementation. A total of 21 states and two union territories -- Delhi and Jammu and Kashmir -- have so far requested for option one.A day earlier, the Department of Expenditure issued permission to 20 states to raise an additional amount of Rs 68,825 crore through open market borrowings. With today's permission, 21 states have been granted permission to mobilise Rs 78,542 crore so far.The borrowing permission issued to the 21 states is over and above the borrowing permission of around Rs 1.10 lakh crore to be issued to enable them to meet the revenue shortfall arising out of GST implementation. A special window is being created by the Ministry of Finance to facilitate this

Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall

The decision came a day after the GST Council meeting failed to reach a consensus over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall

Top headlines: RBI's MPC gets 'dovish tilt', Nobel physics prize announced

GST council has no jurisdiction over states' borrowing, three scientists get Nobel Prize for Physics -- Business Standard brings you top news of the evening

Non-BJP states to oppose govt's borrowing option in GST meet tomorrow

In the current fiscal, the states are staring at a staggering Rs 2.35 trillion Goods and Services Tax revenue shortfall

Combined market borrowings of 27 state govts, 2 UTs rise 57% in H1FY21

During April-September 2019 (H1FY20), states had raised Rs 2.25 trillion