Wednesday, November 9, 2011

Higher central borrowings strain states’ fiscal health

........The surge in bank deposits was evident from the last figures released by RBI. Time deposit accretion this financial year was Rs 4.85 lakh crore or Rs 1.1 lakh crore more than the corresponding period last year. Net result is that even states have to now shift to high cost market borrowings instead of relying on small savings...............

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