Page-6 of fiscal deficit Current Affairs, GK & News

RBI: Fiscal Deficit of States Soars to Rs 4.93 trillion in FY16

According to ‘Handbook of Statistics on States 2016-17‘, the gross fiscal deficits of all the states have soared to Rs 4,93,360 crore in fiscal 2016 from Rs 18,790 crore in FY1991. This is the second edition of RBI’s statistical publication. Salient Highlights ‘Handbook of Statistics on States 2016-17 follows a ‘one-indicator-one table’ approach. It covers all sub-national statistics ..

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