Covid-19 to 'significantly' impact state finances, says RBI
New Delhi, Oct. 29 -- The double whammy of the coronavirus disease (Covid-19) pandemic - a collapse in revenue and rise in health-related and other costs - is likely to have a significant impact on state government finances and the challenges from the economic shock will persist for the new few years over which states will play a crucial role in India's recovery, according to the Reserve Bank of India's (RBI) annual report on state finances released on Tuesday....
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