ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Adverse Impact on States

A number of measures in recent years have pushed the states to raise larger and larger resources from the market. The latest is a package of recommendations of the Twelfth Finance Commission, since accepted, which includes the states substituting for central loans with mobilisation from the market. Pushing the state governments to the market on such a sizeable scale for their plan finances may in the first place prevent them from mobilising the required resources, and, secondly, whatever they do mobilise may have to be done at higher interest cost. Overall, a greater dependence on the markets for loans is going to adversely affect the states? finances.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top