Tag: State exchequer

Andhra Pradesh at risk of power outage due to unpaid bills. TDP spokesman warns streetlights may go out if INR 651.55 crore owed to EESL remains unpaid.

Overpriced liquor in Jabalpur has led to several complaints and an investigation by the Economic Offences Wing. Contractors found guilty of selling at higher prices than the maximum sale price are responsible for a loss of 20 crore INR this financial year alone. Locals fell ill due to substandard liquor as a result of inflated prices. The complaint claims contractors earn 115 crore INR a year in black money, with officials in the excise receiving bribes of 70 lakh INR per month. The importance of accountability in illegal and unethical practices is highlighted.

Despite RBI predicting a decrease in state debt, UP's could reach Rs 7.84 trillion in 2023-24, up by 40%. Pandemic hit tax collections hard, accounting for over 30% of GSDP. As 2024 elections loom, the Yogi Adityanath government's populist schemes could raise the debt even further.