The Latest Breaking News from GSDP

Karnataka Chief Minister Siddaramaiah hits back at Leader of Opposition R. Ashok on debt by comparing State’s schemes with that of Union Government

Karnataka Chief Minister Siddaramaiah hits back at Leader of Opposition R. Ashok on debt by comparing State’s schemes with that of Union Government

The Hindu · Apr 5, 2024

Maharashtra's GSDP likely to expand by 10% in FY25, govt focus on farmers: Ajit Pawar

Maharashtra’s gross state domestic product (GSDP) was expected to grow; government was committed to ensure that revenue deficit doesn’t cross the prescribed limit, Finance Minister Ajit Pawar said.

The Hindu · Mar 1, 2024

Revenue deficit unlikely to come down at least till 2026-27

Bengaluru's revenue deficit is expected to persist until 2026-2027 due to increased spending on guarantee schemes and limited resources.

The Hindu · Feb 16, 2024

B.V. Raghavulu of CPI(M) advocates development model with little scope for inequalities in Andhra Pradesh

CPI(M) politburo member B.V. Raghavulu stresses the need for development model without inequalities. TDP and YSRCP governments failed to achieve any meaningful development. Though GSDP and other economic indicators were apparently fine, no perceptible improvement have been achieved in public lives.

The Hindu · Oct 7, 2023

CAG expresses concern over Telangana Government utilising borrowed amounts for repayment of public debt

The CAG said the extent to which the fiscal deficit, as represented by borrowed funds, had been channelised towards the creation of capital assets was an indicator of prudent financial management. The borrowings of Rs. 46,995 crore in the year was partly utilised to meet the capital expenditure of Rs.…

The Hindu · Aug 6, 2023

For most of the last six years, Tamil Nadu saw declining proportion of own revenue to expenditure

Tamil Nadu's own revenue to revenue expenditure declined from 2017-18 to 2020-21; GSDP growth, debt conversion, Pay Commission's recommendations & welfare schemes contributed. In last two yrs, SOTR to GSDP improved.

The Hindu · Aug 4, 2023

Kerala seeks nod for 1% ‘ad hoc borrowing’ in 2023-24

Kerala seeks 1% GSDP borrowing increase from Centre to offset resource loss. FM Balagopal asked for release of grants, arrears due to State. Loss of ₹8,400 cr Revenue Deficit Grant & ₹10-12K cr GST comp. FM seeks ₹265 cr Million-Plus Cities, ₹371 cr Health Grant, ₹521 cr IGNDPS, ₹750 cr…

The Hindu · Jul 12, 2023

Centre permits Andhra Pradesh to avail of additional borrowing of ₹9,574 crore

Andhra Pradesh is among the 12 States permitted to avail of additional borrowing space of up to 0.5% of the GSDP for implementing specific reforms in the power sector

The Hindu · Jun 28, 2023

Kerala’s borrowing limit cut drastically: Balagopal

The borrowing limit has been slashed to ₹15,390 crore. For the entire fiscal, the State government had been expecting eligibility for ₹32,442 crore (3% of the GSDP). For the first nine months, the State was expecting the limit to be set at ₹22,000 crore.

The Hindu · May 26, 2023

Centre trying to weaken States, says CM

‘Resorting to backdoor methods like imposition of cess to deny States their due’ 

The Hindu · Aug 15, 2022