Monday, May 5, 2014

Tamil Nadu and Gujarat finances: some pluses and minuses

..........A perusal of the report of the Reserve Bank of India, ‘State Finances: A Study of Budgets of 2013-14,’ published early this year, reveals that in the debt-Gross State Domestic Product (GSDP) ratio and the interest payments-revenue receipts ratio for the fiscal 2011-2012, Tamil Nadu was better placed than Gujarat.  Also, be it the State’s Own Revenue......

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