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State finances News

07 Apr 2016

UDAY scheme likely to affect state finances: RBI Report

RBI today said power sector reform scheme UDAY may have adverse implications for state finances on account of burgeoning liabilities due to takeover of 75 percent of the existing debt of discoms and hurt growth by impacting developmental expenditure.

Seventh Pay Commission

22 Nov 2015

Seventh pay panel to have a bearing on state finances: Bibek Debroy

The Seventh Pay Commission's recommendations will take a heavy toll on fragile finances of states and force them to scale back their development spends, Niti Aayog Member Bibek Debroy says.

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