Mumbai: With the state's revenue deficit almost reaching Rs2,300 crore due to a drastic fall in revenue collections, Maharashtra's debt burden has touched Rs1.54 lakh crore this fiscal.
Also, with expenditure on employees reaching 49% and a revenue deficit of 5% as a target, development work in the state is expected to take a hit.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/state-debt-set-touch-rs154-lakh-crore
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/daily-news-analysis-mumbai
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/maharashtra