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Wednesday, March 03, 2021

Jayanta Roy

Jayanta Roy is group head corporate sector rating.

Fifteenth Finance Commission has increased proportion of grants conditional on reforms by states
Tue, Feb 23, 2021

The question is whether this will force the states to move on both the power sector reforms, which have proven challenging in the past, and the municipal reforms, so that their resource availability may be enhanced.

The stress in state finances
Tue, Jan 28, 2020

Lower tax devolution, delays in GST compensation are potential risks

Subdued GST collections, lower tax devolution will impact state finances, pose macro risks
Fri, Oct 04, 2019

To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits.