Government of India simplifies the process for permission of Additional Fiscal Deficit Limit over and above 3 per cent of Gross State Domestic Product for the States (GSDP)

Government of India simplifies the process for permission of Additional Fiscal Deficit Limit over and above 3 per cent of Gross State Domestic Product for the States (GSDP) https://www.taxtmi.com/news?id=20183 Approval for additional fiscal deficit limits remains conditional on specified fiscal indicators-debt-to-GSDP and interest-to-revenue ratios-and the absence of revenue deficit in the relevant and preceding year; procedurally, the Department of Expenditure will now process each complete State proposal for such additional borrowing independently on receipt rather than bundling multiple requests. en-us Mon, 25 Jun 2018 17:22:46 +0530 Mon, 25 Jun 2018 17:22:46 +0530 TaxTMI RSS Generator Government of India simplifies the process for permission of Additional Fiscal Deficit Limit over and above 3 per cent of Gross State Domestic Product for the States (GSDP) https://www.taxtmi.com/news?id=20183 Approval for additional fiscal deficit limits remains conditional on specified fiscal indicators-debt-to-GSDP and interest-to-revenue ratios-and the absence of revenue deficit in the relevant and preceding year; procedurally, the Department of Expenditure will now process each complete State proposal for such additional borrowing independently on receipt rather than bundling multiple requests. News - Mon, 25 Jun 2018 17:22:46 +0530 https://www.taxtmi.com/news?id=20183