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Cabinet approves recommendations of 14th Finance Commission on fiscal deficit targets and additional fiscal deficit to States during 2015-20

News and Press Release - Dated:- 6-4-2016 - The Union Cabinet chaired by the Hon ble Prime Minister has today given its approval to Recommendations on Fiscal Deficit Targets and Additional Fiscal Deficit to States during Fourteenth Finance Commission .....

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er, FFC has provided a year-to-year flexibility for additional fiscal deficit to States. FFC, taking into account the development needs and the current macro- economic requirement, provided additional headroom to a maximum of 0.5 per cent over and ab .....

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be available to State if there is no revenue deficit in the year in which borrowing limits are to be fixed and immediately preceding year. Since the year 2015-16 is already over, the States will not get any benefit of additional borrowings for 2015-1 .....

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ken into account before determining states eligibility for additional borrowings of 0.5% of GSDP recommended by FFC: (Para 14.64 to 14.67 - Vol. I read with Annexure 14.2 of Vol. II of the FFC Report): a) The revenue position of the State as per Fina .....

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GSDP ratio based on the data as contained in Finance Account for t-2. To illustrate, for determining States eligibility for 2016-17, the IP/TRR ratio and Debt/GSDP ratio as disclosed in Finance Account of States for 2014-15 would be relevant. If a St .....

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