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