Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
States Likely Owe Centre Over ₹3.5 tn
Mint Mumbai
|April 26, 2025
Under a special plan, Centre gives interest-free loans for states' capex
The total outstanding liabilities of states under a special central government low-cost loan scheme is estimated to have exceeded ₹3.5 trillion at the end of FY25, two people familiar with the matter told Mint. The Special Assistance to States for Capital Investment (SASCI) scheme is a 50-year, interest-free loan programme that the Centre uses to support capital expenditure by India's states.
This story is from the April 26, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Rupee rumbles
The Indian rupee on Friday slumped to a record low of about 89.60 to the US dollar, zipping past the 89 mark for the first time.
1 min
November 24, 2025
Mint Mumbai
Claims on dubious pre-IBC deals swell
At ₹4 tn, amount matches entire sum recovered via IBC in 10 yrs
3 mins
November 24, 2025
Mint Mumbai
'Stay invested in the stock market, everything is for the long haul'
Veteran value investor Ramesh Damani is ignoring doomsday warnings about a US tech stock correction and noises surrounding corporate earnings growth trajectory back home, staying loyal instead to his credo of long-term investments, using a bottom -up approach. He remains unconcerned about short term market corrections, advising investors to
6 mins
November 24, 2025
Mint Mumbai
CHINA HAS MINERALS, INDIA HAS ITS PEOPLE
In 1992, Chinese leader Deng Xiaoping reportedly said that if West Asia had oil, China would have rare earths.
4 mins
November 24, 2025
Mint Mumbai
Rupee may decline further as RBI has little elbow space
The local currency market is bracing for more weakness in the coming weeks, after the rupee sharply slid to a record low of 89.41 against the US dollar within the last hour of trade on Friday.
3 mins
November 24, 2025
Mint Mumbai
Labour codes could act as an economic catalyst
If enforced as envisioned, the four codes can yield a more secure workforce and strengthen India's economy. Employers should not just comply but also focus on their collective interest
2 mins
November 24, 2025
Mint Mumbai
OYO Assets gets 125 cr fresh funds
OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.
1 min
November 24, 2025
Mint Mumbai
Will realty keep the pre-sale pace?
Listed realty firms are banking on new launches to drive pre-sales in H2FY26.
2 mins
November 24, 2025
Mint Mumbai
How new labour codes impact your gratuity, PF
The new labour codes have overhauled how wages, gratuity, provident fund (PF), pension and other social security benefits are calculated. These changes impact employees and employers alike.
2 mins
November 24, 2025
Mint Mumbai
INDIA’S TERROR THREAT SHIFTS CLOSER HOME
Life, once in a while, throws up events that brutalise your consciousness and traumatise you for the rest of your life. The terror attacks in Mumbai on 26 November 2008, and in Pahalgam and Delhi this year top such chilling incidents.
3 mins
November 24, 2025
Listen
Translate
Change font size