Delhi, Punjab, Kerala Puducherry spend more on day-to-day expenses rather than investing in capex: RBI report
New Delhi [India] December 21 (ANI): Populist schemes such as free electricity, free transport, and monetary assistance programs are impacting the financial health of States and reducing their ability to invest in critical infrastructure, according to the Reserve Bank of India's (RBI) latest report.
It said, "Several States have announced sops pertaining to farm loan waiver, free electricity to agriculture and households,