Content - ربی - Reserve Bank of India
Content
Foreword |
List of Abbreviations |
Chapter I: Overview |
1. Introduction |
2. Preview |
Chapter II: Issues and Perspectives |
1. Introduction |
2. Central Assistance to State Plans |
3. Centrally Sponsored Schemes |
4. Surplus cash balances of the state governments |
5. National Small Savings Fund |
6. Public Distribution System |
7. Debt Sustainability |
8. Going Beyond the Conventional Debt Sustainability Analysis |
9. Goods and Services Tax |
10. Conclusion |
Chapter III: Policy Initiatives |
1. Introduction |
2. State Governments |
3. Government of India |
4. Reserve Bank of India |
5. Conclusion |
Chapter IV: Fiscal Position of State Governments |
1. Introduction |
2. Accounts: 2011-12 |
3. Revised Estimates: 2012-13 |
4. Budget Estimates: 2013-14 |
5. Decomposition and Financing of Gross Fiscal Deficit |
6. Conclusion |
Chapter V: Outstanding Liabilities, Market Borrowings and Contingent Liabilities of State Governments |
1. Introduction |
2. Outstanding Liabilities |
3. State-wise Debt Position |
4. Market Borrowings |
5. Loans from the Centre |
6. Contingent Liabilities |
7. Liquidity Position and Cash Management |
8. Investment of Cash Balances |
9. Debt Consolidation and Relief Facility |
10 Conclusion |
Chapter VI: Cyclicality in the Fiscal Expenditures of Major States in India |
1. Introduction |
2. Cyclicality in Fiscal Policy: A Review of Literature |
3. Institutional Framework for State Government Expenditure |
4. Measuring the Cyclicality of Fiscal Expenditures of Indian States |
5. Conclusion |
Annex 1: Issues relating to GST and Recommendations of the Standing Committee |
References |
Explanatory Note on Data Sources and Methodology |
LIST OF BOXES |
III.1 Report of the Committee for Evolving a Composite Development Index of States |
III.2 National Food Security Act 2013 - Role of the State Governments |
V.1 Committee on Guarantee Redemption Fund |
VI.1 Cyclicality of Social Sector Expenditure: Evidence from Indian States |
LIST OF TABLES |
II.1 Central Plan Assistance to Non-special and Special Category States |
II.2 Plan Assistance to States/UTs through CSS |
II.3 Number of Centrally Sponsored Schemes |
II.4 Central Issue Price |
II.5 Debt/GSDP Ratio of Indian States (Average) |
II.6 Debt Sustainability Indicators |
II.7 Debt Servicing Indicators |
II.8 Debt and Accumulated Profit/Loss Position of State PSUs |
II.9 Taxes to be Subsumed in the Proposed GST |
III.1 Institutional Reforms by the State Governments |
III.2a Revenue Deficit Targets (As Percentage of GSDP) |
III.2b Revenue Deficit Targets (As Percentage of Total Revenue Receipts) |
III.3 Gross Fiscal Deficit Targets (As Percentage of GSDP) |
IV.1 Major Deficit Indicators of State Governments |
IV.2 Fiscal Imbalances in Non-Special and Special Category States |
IV.3A Deficit Indicators of State Governments |
IV.3B Deficit Indicators of State Governments |
IV.4 Aggregate Receipts of State Governments |
IV.5 Expenditure Pattern of State Governments |
IV.6 Variation in Major Items |
IV.7 Contribution of VAT on Petroleum Products in Total Revenue from VAT |
IV.8A Revenue Receipts of State Governments |
IV.8B Revenue Receipts of State Governments |
IV.9 Cost Recovery of Select Services |
IV.10A Revenue Expenditure of the State Governments |
IV.10B Revenue Expenditure of the State Governments |
IV.11 Interest Payments, Pension and Committed Expenditure |
IV.12 Components of Development Expenditure |
IV.13A Development Expenditure Select Indicators |
IV.13B Development Expenditure Select Indicators |
IV.14 Trends in Aggregate Social Sector Expenditure of State Governments |
IV.15 Composition of Expenditure on Social Services (Revenue and Capital Accounts) |
IV.16 Decomposition and Financing Pattern of Gross Fiscal Deficit |
V.1 Outstanding Liabilities of State Governments |
V.2 Share in the NSSF collections to be Availed of by States in 2013-14 |
V.3 Composition of Outstanding Liabilities of State Governments |
V.4 State-wise Debt-GSDP Position |
V.5 Interest Rate Profile of Outstanding Stock of State Government Securities |
V.6 Market Borrowings of State Governments |
V.7 Maturity Profile of Outstanding State Government Securities |
V.8 State-wise Maturity Profile of Outstanding Government Assistance to States (Back |
V.9 Average Interest Rate on Outstanding Liabilities of State Governments |
VI.1 Studies on Cyclicality in Sub-national Fiscal Revenues/Expenditures |
VI.2 Results of Panel Unit Root Test |
VI.3 Estimation Results for Cyclicality of Government Expenditure in India |
LIST OF CHARTS |
II.1 Surplus Cash Balances of the States |
II.2 NSSF Investment in Special Securities Versus Market Borrowings |
IV.1 Value Added Tax in Non-Special and Special Category States |
IV.2 Trend in Interest Receipts |
IV.3 Composition of Committed Expenditure |
V.1 Deficit, Debt and Interest Burden |
V.2 Utilisation of WMA and Overdraft by States |
V.3 Investments in ATBs and ITBs by the State Governments/UTs |
VI.1 Correlation Co-effecient (r) between Cyclical Components of State Fiscal |
LIST OF APPENDIX TABLES |
1 Major Deficit Indicators of State Governments |
2 Devolution and Transfer of Resources from the Centre |
3 Development and Non-Development Expenditure |
4 Development Expenditure - Major Heads |
5 Non-Development Expenditure - Major Heads |
6 Development and Non-Development Expenditure - Plan and Non-Plan Components |
7 Composition of Social Sector Expenditure |
8 Decomposition of Gross Fiscal Deficit |
9 Financing of Gross Fiscal Deficit |
10 Financing of Gross Fiscal Deficit - As Per cent to Total |
11 Composition of Outstanding Liabilities of State Governments |
12 Composition of Outstanding Liabilities of State Governments - As Proportion to Total |
13 State Government Market Borrowings |
LIST OF STATEMENTS |
1 Major Fiscal Indicators |
2 Revenue Deficit/Surplus |
3 Gross Fiscal Deficit/Surplus |
4 Decomposition of Gross Fiscal Deficit |
5 Financing of Gross Fiscal Deficit - 2011-12 (Accounts) |
6 Financing of Gross Fiscal Deficit - 2011-12 (Accounts) (As per cent to Total) |
7 Financing of Gross Fiscal Deficit- 2012-13 (RE) |
8 Financing of Gross Fiscal Deficit- 2012-13 (RE) (As per cent to Total) |
9 Financing of Gross Fiscal Deficit - 2013-14 (BE) |
10 Financing of Gross Fiscal Deficit- 2013-14 (BE) (As per cent to Total) |
11 Development Expenditure |
12 Non-Development Expenditure |
13 Interest Payments |
14 Tax Revenue |
15 Non-Tax Revenue |
16 Loans from the Centre |
17 Devolution and Transfer of Resources from the Centre |
18 Composition of Outstanding Liabilities |
19 Total Outstanding Liabilities of State Governments |
20 Total Outstanding Liabilities - As percentage of GSDP |
21 Market Borrowings of State Governments |
22 Plan Outlay of State Governments |
23 State Government Market Loans |
24 Maturity Profile of Outstanding State Government Securities |
25 Maturity Profile of Outstanding State Government Securities - As Percentage to Total |
26 Availment of WMA and Overdraft from the Reserve Bank |
27 Investment Outstanding in Treasury Bills |
28 Expenditure on Education - As Ratio to Aggregate Disbursements |
29 Expenditure on Medical and Public Health and Family Welfare - As Ratio to |
30 Outstanding Guarantees of State Governments |
31 Expenditure on Wages and Salaries |
32 Expenditure on Operations and Maintenance |
33 Social Sector Expenditure |
34 Social Sector Expenditure to Aggregate Disbursements |
APPENDICES |
I. Revenue Receipts of States and Union Territories with Legislature |
II. Revenue Expenditure of States and Union Territories with Legislature |
III. Capital Receipts of States and Union Territories with Legislature |
IV. Capital Expenditure of States and Union Territories with Legislature |
NOTES TO APPENDICES |