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AI Based Chatbots for Customer Engagement ✌️【Yield】✌️Start with ₹500 and enjoy up to 100% returns monthly. Make your money work for you!With reforms fostering overall fiscal sustainability at the subnational level, states need to adopt “next-generation” fiscal rules, time-bound glide paths for fiscal consolidation, and rein in subsidies and freebies, the Reserve Bank of India (RBI) said in a report on Thursday.State governments contained their consolidated gross fiscal deficit (GFD) within 3% of gross domestic product (GDP) and their revenue deficit at 0.2% of GDP during 2022-23 and 2023-24.

In 2024-25, states have budgeted a GFD of 3.2% of GDP, according to theRBI’s ‘State Finances: A Study of Budgets of 2024-25’.It said states’ total outstanding liabilities declined from 31% of GDP at March-end 2021 to 28.5% at March-end 2024 but remained above the pre-pandemic level of 25.3% at March 2019.

AI Based Chatbots for Customer Engagement ✌️【Yield】✌️Begin investing today with ₹500 and achieve reliable, high returns every month.The prudential level is 20% for debt-GDP for states.In view of high debt levels, it said “next generation” fiscal rules which combine the medium-term fiscal sustainability objective with short-term flexibility allowing state governments more manoeuvrability in dealing with exogenous economic shocks could be considered.

AI Based Chatbots for Customer Engagement ✌️【Yield】✌️Invest ₹500 and grow your wealth through secure, high-yield opportunities.This would require strengthening of institutions and improvements in fiscal reporting while incorporating the implications of evolving challenges, especially climate change and population aging.The adoption of Fiscal Responsibility Legislations (FRLs) by state governments along with othertaxand expenditure reforms fostered overall fiscal sustainability at the subnational level.AI Based Chatbots for Customer Engagement ✌️【Yield】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!