https://www.taxtmi.com/news?id=15999 Approval fixes a fiscal deficit threshold at three percent of GSDP and permits an annual additional headroom up to one-half percent of GSDP for eligible States. Eligibility requires no revenue deficit in the year and the preceding year and favourable debt-to-GSDP and interest-payments-to-revenue-receipts ratios based on t-2 and t-1 Finance Account data. Unutilised fiscal deficit may be carried forward in rupee terms to the following year within the award period, while excess borrowings are adjusted against the next year's net borrowing ceiling. en-us Wed, 06 Apr 2016 17:26:25 +0530 Wed, 06 Apr 2016 17:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15999 Approval fixes a fiscal deficit threshold at three percent of GSDP and permits an annual additional headroom up to one-half percent of GSDP for eligible States. Eligibility requires no revenue deficit in the year and the preceding year and favourable debt-to-GSDP and interest-payments-to-revenue-receipts ratios based on t-2 and t-1 Finance Account data. Unutilised fiscal deficit may be carried forward in rupee terms to the following year within the award period, while excess borrowings are adjusted against the next year's net borrowing ceiling. News - Wed, 06 Apr 2016 17:26:25 +0530 https://www.taxtmi.com/news?id=15999