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States Capex Down 43% Due To Welfare Schemes
The New Indian Express
|December 26, 2024
An RBI report says welfare schemes announced by several state governments in their 2024-25 Budgets - including free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women - may divert resources away from critical social and economic infrastructure development.
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The RBI's report titled - Government Finances 2024-25: A Half-Yearly Review - noted substantial drop in capex by states during the first half of the current fiscal.
This story is from the December 26, 2024 edition of The New Indian Express.
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