Page 3 - State Finances

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

RBI raises limit on ways and means advances, but states aren't impressed

Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.

Top headlines: Steel firms struggle, state finances to take a hit, and more

From Uber and BigBasket joining hands to deliver essentials, oil producers seeking relief from govt to venture capitalists warning start-ups, Business Standard brings you top headlines of the day

State FMs meet Sitharaman, express concern over delay in GST compensation

Speaking to reporters after the meeting, Punjab Finance Minister Manpreet Singh Badal said, August and September compensation has not been released to states.

How over-dependence on central funds is driving states to fiscal peril

The RBI report on state finances shows that states' own revenues are faltering, while its social spending is rising squarely on account of centrally-sponsored schemes

How state finances could delay investment cycle

Worsening state finances widely appreciated; their impact on private investments less understood

How to arrest deterioration in state finances

States have unsustainable debt levels and it's time for the Finance Commission to amend fiscal rules