States' gross fiscal deficit improves by 0.20% to 2.3% of GDP
The Reserve Bank Tuesday called for higher capital outlays, consistent fiscal consolidation and limiting the debt-GDP ratio to improve the finances of the states, whose combined gross fiscal deficit has improved by 20 bps to 2.3 percent of GDP in FY 2014-15.
May 12, 2015, 23:58 PM IST