Arihant current affairs magazine

Arihant current affairs magazine

Arihant current affairs magazine published this article page no 21 the announcements in the union budget 2023-24 and several initiatives taken in recent years depict the union governments unwavering quest to promote this cooperative fiscal federalism in india there is a radical shift towards cooperative fiscal federalism. Arihant current affairs magazine monthly the annual transfers from the union to the states have increased from 4.7 per cent of the gross domestic product (gdp) in the financial year 2013-14 to 6.7 per cent of gdp as per revised estimates of 2021-22. the share of states to the divisible pool of taxes and duties is raised to 41% (after adjusting 1 % for ut of j&k and ladakh). the centre is - 1. supporting states to raise their capital expenditure during covid years while in recent budget a massive amount of 1.3 lakh crore is provided to state for capital expenditure. 2. guiding states to take a fiscal consolidation path during and after pandemic years and also allowing states to raise their borrowing limit by 2 per cent of their respective state gdp in 2021-22. 3. supporting states budget during pandemic years by providing borrowing windows to fill the shortfall in gst compensation Arihant monthly current affairs magazine subscription.

Arihant current affairs magazine