It said, "Several States have announced sops pertaining to farm loan waiver, free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women in their Budget for 2024-25."
The report highlighted that in the 2024-25 Budget, several States announced various populist measures while these measures aim to provide immediate relief to targeted groups, they significantly strain State finances, the RBI warned.
"Such spending could crowd out the resources available with them and hamper their capacity to build critical social and economic infrastructure," the report noted.
Bu hikaye The Business Guardian dergisinin December 22, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin December 22, 2024 sayısından alınmıştır.
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