July 6, 2024
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State Finances

RBI financial accommodation states UTs

RBI Increases Financial Support to States, UTs by 28% to ₹60,118 Crore

Prateek06 mins

RBI Ups Financial Accommodation for States, UTs by 28% to ₹60,118 Crore The Reserve Bank of India (RBI) has announced a significant increase in financial accommodation for states and union territories (UTs), raising the limit by 28% to ₹60,118 crore. This move aims to provide crucial financial support amidst ongoing economic challenges. The enhanced liquidity…

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"Tax Devolution Central Government"

Tax Devolution: Center Releases ₹72,961 Crore to States

Prateek06 mins

Center Releases Additional ₹72,961 Crore in Tax Devolution to States The Central Government recently announced the release of an additional ₹72,961 crore as part of tax devolution to states. This financial allocation is crucial, especially in the backdrop of ongoing economic challenges and the need for enhanced fiscal support amidst the COVID-19 pandemic. This move…

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