Sun, Jan 28, 2024
The states have so far borrowed over 37 per cent more than they did last fiscal and given these poor numbers, they will have to borrow heavily this fiscal to service their debt and pay salaries and pensions.
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Thu, Jun 24, 2021
Revenues of India's top 10 states, which plunged 600 basis points (bps) last fiscal, are set to exceed the pre-pandemic or fiscal 2020 - levels by 600 bps this fiscal. The recovery would be driven by higher tax buoyancy, rise in sales tax collections from petroleum products (such as petrol and diesel) coupled with increase in grants as per the recommendations of the Fifteenth Finance Commission.
Tue, May 30, 2017
India has adopted a dual GST model, where there will be 2 levels of taxes that would be levied separately by the Central Government and State Governments.
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