Thakur will present Budget for the financial year 2021-22 in the state Assembly on March 6, with COVID-19 protocol in place
The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall
The first two quarters of FY21 saw a poor focus on capex from the states' side, data showed
In FY20, the difference between the Budgeted provision and actual amount spent rose to Rs 4 trillion, about 13 per cent of total expenditure of states
In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount
Centre-state GST equation to be keenly watched
With economic activities at a standstill, analysts say it may be difficult for states to recoup the losses
Outstanding debt of states has risen over the last five years to 25% of GDP, posing medium-term challenges to its sustainability.
Collective borrowing by the Centre and states this year will likely be half of the financial savings of households
State budgets have generally kept a farmer-centric theme either announcing a new farm support scheme or enhancing the current level of income support to the farmers