The fresh borrowings will push Telangana's total debt in the first five months of the current financial year beyond 50 per cent of the budgeted figure.
India is formulating an action plan to counter a 50% US tariff hike impacting key exports, Economic Affairs Secretary Anuradha Thakur said. Despite fiscal deficit concerns, the government remains confident in achieving targets amid strong economic fundamentals and domestic demand growth
BRS MLC Dasoju Sravan raised concerns over Telangana’s fiscal health, pointing to a concerning CAG report that shows the state's borrowings have already outpaced its revenue in the first quarter of the current fiscal year. He questioned the government's ability to meet its election promises and urged for a shift toward economic vision and tangible leadership.
Instead of selling off public sector assets, government should choose expansionary fiscal policy partially financed by monetisation for reviving demand
The lockdown imposed to curb the spread of coronavirus had significantly impacted business activities and, in turn, contributed to sluggish revenue realisation
The 30-share BSE index was trading 173.47 points or 0.43 per cent lower at 40,512.03, and the broader NSE Nifty slipped 47.20 points or 0.40 per cent to 11,883.15.