Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 July, 2017 00:20 IST
States' fiscal deficit soars to Rs 4.93 trn in FY16: RBI
Source: IRIS | 26 Jun, 2017, 12.35PM
Comments  |  Post Comment

The gross fiscal deficits of all the states skyrocketed to Rs 4,933.60 billion in the last fiscal from the Rs 187.90 billion rupee in the financial year 1991, according to the latest RBI data. Most populous state Uttar Pradesh and the largest Rajasthan lead the list of states with highest deficit.

According to the second edition of RBI's statistical publication titled 'Handbook of Statistics on States 2016-17', released on Saturday, the gap is projected to improve in the current fiscal. It is estimated to be Rs 4495.20 billion rupee as per the budget estimates of the states for financial year 2017.

The publication follows the 'one-indicator-one table' approach and covers all sub-national statistics on socio- demographics, state domestic product, agriculture, industry, infrastructure, banking and fiscal indicators across the states over a period ranging from 1950-51 to 2016-17.

It also offers data on state-wise availability of power, per capita availability of power, installed capacity of power, and power requirement, length of national highways, roads and state highways, and railheads.



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Indian accounting & finance professionals be given access to overseas mkt: Assocham plea - 21-Jul-2017 08:33
Banks may require Rs 180 bn additional provisioning for 12 bankruptcy cases: Ind-Ra - 20-Jul-2017 14:07
India's GST negative for some sectors, but no rating changes: Fitch - 20-Jul-2017 14:03
Banks likely to take Rs 2.4 trn haircut for top 50 NPAs: CRISIL - 20-Jul-2017 13:56
India expected to achieve projected growth rate of 7.4% in 2017: ADB - 20-Jul-2017 13:50
Relax bank guarantee norms for ship construction orders by Navy: Assocham - 19-Jul-2017 15:39
GST Council hikes compensation cess rate on cigarettes - 18-Jul-2017 10:35
Rate cut to improve demand situation and support growth: FICCI - 18-Jul-2017 08:51
CII recommends rate cut of 50 bps in forthcoming monetary policy - 18-Jul-2017 08:48
Inflation outlook to stay muted for more months: Assocham - 18-Jul-2017 08:36
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer