THE COMBINED REVENUE receipts of 16 state governments recorded a "shallow" growth of about 5% during the April-November period of the current fiscal, much lower than the budgeted 17.4%, according to a report by rating agency Icra.
The contraction in sales tax and lower-than-budgeted growth of state goods and services tax collections (SGST), excise duty and stamps and registrations (S&R) during the first eight months of FY24 restricted the growth of states' own tax revenues to around 11%, the report said.
The 16 states selected for analysis exclude the North-East, the hill states, Goa, and Bihar.
Diese Geschichte stammt aus der January 29, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der January 29, 2024-Ausgabe von Financial Express Mumbai.
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