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Shoring up capex capacity of states
Hindustan Times Gurugram
|January 12, 2026
The case to continue interest-free loans for capital spending from the Centre to the states
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The Union budget is the most important economic policy event by a distance on the annual calendar. Without prejudice to its importance for the economy at large, it is worth underlining that the states, put together, spend more than the Centre in India. This makes the fiscal priorities of the states a very important driver of overall economic fortunes.
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