Debt waiver to slow down state capex: India Ratings
The rating agency observed that contrary to popular belief, a significant part of the additional revenue awarded to the states by the 14th Finance Commission was spent on capex.
from Economy-News-Economic Times http://bit.ly/2SmubS5
via
The rating agency observed that contrary to popular belief, a significant part of the additional revenue awarded to the states by the 14th Finance Commission was spent on capex.
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