Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Coronavirus Update: Maha, Kerala, Tamil Nadu, UP face financial crisis

coronavirus

coronavirusFour states namely Maharashtra, Kerala, Tamil Nadu and Uttar Pradesh that registered the highest number of COVID-19 cases including deaths are now facing financial constraints.

Maharashtra government has announced paying the salaries to its government staffs in two instalments.

Advertisementnbfc 100

Kerala and Tamil Nadu have requested Centre for fiscal grants in a bid to fight the COVID battle as cases are rising every day. Clearly, the domino effect of COVID-19 and slowdown in the economy will push the states in more debt.

All the four states had allotted only 2-4 percent of the total capital outlay in 2019-20 for medical and public health expenditure. No state is spending disproportionately in creating the public health infrastructure.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

As mentioned in a report by Business Today in its report, in the revenue expenditure in medical and public health, Kerala is spending highest at 5.14 percent (Rs 6,389 crore) of its total expenditure followed by Tamil Nadu at 4.15 percent (Rs 8,814 crore), Maharashtra at 4.07 percent (Rs 13,636 crore) and Uttar Pradesh at 3.63 percent (Rs 13,247 crore).

AdvertisementWorld AI Summit 2026 | Bengaluru
AdvertisementElets BFSI AI Summit & Awards, Mumbai

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Federal Bank Appoints Virat Diwanji as Executive Director

Federal Bank has appointed Virat Diwanji as Executive Director, effective October 12, 2026, following approval from the Reserve… Read more →

NETSCOUT Launches nGenius Copilot to Accelerate Network Problem Solving with Conversational AI

October 1, 2026: NETSCOUT, a provider of network observability, AIOps, cybersecurity and DDoS protection solutions, has announced nGenius… Read more →

CUPI Targets Thousands of Businesses as B2B Expense Management Moves Towards Real-Time Payments

Bengaluru, September 30, 2026: CUPI, a digital business expense management platform, is targeting thousands of businesses over the… Read more →

AU Small Finance Bank Crosses 1,000 Microfinance Branches, Reaches 20 Lakh+ Customers

AU Small Finance Bank (AU SFB) has crossed the milestone of 1,000 Microfinance & Financial Inclusion Business (MFIB)… Read more →

Apple Pay Launches in India with Axis Bank Cards, Expands Contactless Payment Options

Apple has launched its Apple Pay payments service in India, allowing users to make contactless payments using compatible… Read more →

Melento Partners with Gnani AI to Bring Voice AI Agents to Global Enterprise Customers

Bengaluru-based enterprise agentic AI company Melento, formerly known as SignDesk, has announced a collaboration with frontier AI company… Read more →