Fiscal deficit

Subaltern Economics

The RBI-appointed KV Kamath Committee, which worked out the financial parameters for loan restructuring, has concluded that 72 per cent of banking sector debt worth Rs 37.72 lakh crore was under stress. Further, according to the Committee, the coronavirus pandemic is not solely responsible for the stressed loans; Rs 23.71 lakh crore, or 45 per cent of banking sector debt, was already under stress

Fiscal deficit in HP increases by 31 per cent

As per the CAG report, the surplus of the state has consistently declined from Rs 1,137 crore in 2015-16 To Rs 314 crore in 2017-18 despite heavy devolution from the Government of India.