Build-up to Budget: State borrowings spike in Q1

Fri Jun 27 2014, 21:38 hrs
In the first quarter of FY15, the states have raised Rs 50,526 crore loan from the markets. This is a 56% jump over their borrowing  in the same first quarter of FY14. (Image credit: Thinkstock)
In the first quarter of FY15, the states have raised Rs 50,526 crore loan from the markets. This is a 56% jump over their borrowing in the same first quarter of FY14. (Image credit: Thinkstock)
The rise in borrowing by the state is often not noticed in the din around Central finance. The jump is evidence of: Building up of pressure on state finances due to delayed award of State Pay Commission report. (Image credit: Thinkstock)
The rise in borrowing by the state is often not noticed in the din around Central finance. The jump is evidence of: Building up of pressure on state finances due to delayed award of State Pay Commission report. (Image credit: Thinkstock)
Rise in their borrowing costs as debt servicing costs have grown. (Image credit: Thinkstock)
Rise in their borrowing costs as debt servicing costs have grown. (Image credit: Thinkstock)
Rise in the dues of state electricity boards a follow through of stalled distribution sector reforms in the power sector. (Image credit: Thinkstock)
Rise in the dues of state electricity boards a follow through of stalled distribution sector reforms in the power sector. (Image credit: Thinkstock)
The cut in financing from Planning Commission and the flat trend in tax receipts from the Centre. (Image credit: Thinkstock)
The cut in financing from Planning Commission and the flat trend in tax receipts from the Centre. (Image credit: Thinkstock)
The states have rarely ever borrowed more than Rs 1,50,000 crore from the markets in any year.
The states have rarely ever borrowed more than Rs 1,50,000 crore from the markets in any year.
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