Tag: finances

[ad_1] The Center has red-flagged “disturbing trends” in the finances of several states and cautioned them, citing the economic crisis in Sri Lanka and Pakistan. The alert was raised at a high-level meeting of the Center with all state chief secretaries in Dharamsala on June 16-17. Higher budget borrowings by several states, increased future revenue, loans secured against public properties like hospitals, courts and parks and rising electricity arrears were flagged by the Center in a meeting chaired by Prime Minister Modi, ET reported. has learned. reserve Bank of India…