In the first quarter of FY15, the states have raised Rs 50,526 crore loan from the markets. This is a 56% jump over their borrowing in the same first quarter of FY14. (Image credit: Thinkstock)
The rise in borrowing by the state is often not noticed in the din around Central finance. The jump is evidence of: Building up of pressure on state finances due to delayed award of State Pay Commission report. (Image credit: Thinkstock)
Rise in their borrowing costs as debt servicing costs have grown. (Image credit: Thinkstock)
Rise in the dues of state electricity boards a follow through of stalled distribution sector reforms in the power sector. (Image credit: Thinkstock)
The cut in financing from Planning Commission and the flat trend in tax receipts from the Centre. (Image credit: Thinkstock)
The states have rarely ever borrowed more than Rs 1,50,000 crore from the markets in any year.