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POLITICS: AP CM defends allotment of land to IT cos, SEZs
‘Only lands vulnerable to encroachment were allotted’. Hyderabad, Aug. 28 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, today defended the land allotments made to IT companies and special economic zones (SEZs) over ...

STATES: States’ finances face strain
Borrowing costs to go up as interest rates harden. With interest rates hardening, States are faced with fiscal deterioration this financial year. Sources said that most of the States had budgeted their borrowings for the current year on the ...

STATES: States better placed: Fitch
States are better placed to absorb the impact of the Sixth Pay Commission as compared to the earlier pay revision, according to a report released by Fitch Ratings. The report says the buoyant tax and VAT collections would help States manage the ...

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