Referring to the economic crisis in Sri Lanka, the RBI article stated that the five most indebted states Punjab, Rajasthan, Bihar, Kerala and West Bengal need to take corrective measures by cutting down expenditure on non-merit goods.
For the five most indebted states of Bihar, Kerala, Punjab, Rajasthan and West Bengal, the debt stock is no longer sustainable, as the debt growth has outpaced their Gross State Domestic Product (GSDP) growth in the last five years, it warned.
Get latest articles and stories on India at LatestLY. A Reserve Bank of India (RBI) write-up flagging concerns over building financial stress in several states and calling for corrective steps in five most indebted ones has evoked mixed response, with some calling the assessment wrong and others pointing to rise in income to counter calls for cut in expenditure. India News | Mixed Reaction to RBI Article Warning Signs of Stress Due to High Debt in Several States.
Rajasthan is the first state in the country going to institutionalise health accounts which will help in estimating the amount spent on the health sector and its impact.The data or facts available from these accounts would be used in future for .
Chief Minister Ashok Gehlot has approved investment proposals worth Rs 71,486 crore in Rajasthan aimed at generating over 26,000 jobs.While chairing the second meeting of the Board of Investment (BOI) at his official residence, Gehlot said many .