scorecardresearch
Friday, September 5, 2025
TopicFiscal crisis

Topic: Fiscal crisis

Six months in, Sukhu-led Congress govt in Himachal faces a grim fiscal outlook

Himachal's treasury has notched up overdraft of Rs 1,000 cr in 1st quarter, it is learnt. Congress's poll promises are expected to burden the state's coffers further.

Freebies, bailouts, revival of pension scheme — why many states are at risk of fiscal stress

Power sector reforms, preventing leakages in subsidies payments and avoiding fiscally unwise decisions like reversion to old pension system can help improve their financial health.

How fiscal regression can force Modi govt to take sub-optimal economic decisions

Govt is being sensible in asking for bigger RBI dividend & raising petroleum taxes. But Covid is increasing fiscal stress caused by preceding economic slowdown.

Why Modi govt doesn’t have the money to spend on Covid crisis & how it can fix the problem

Emerging from the Covid crisis, the Centre will have to take a fresh approach to reviving growth, re-visiting fiscal balance with states, re-imagining GST etc.

Modi needs to give migrant workers a ‘New Deal’ to get them back to the cities

Migrant workers tossed out of cities with no food, shelter or transport won't return without a New Deal: Nest eggs for old age and healthcare.

Indian businesses are getting desperate as there’s no sign of fiscal package from Modi govt

As their cash-flow dries up, and in the absence of any fiscal support, many Indian businesses say they will be forced to cut jobs to curb costs.

Facing a fiscal crisis for long, Modi govt now seems to be pushing states into a crisis too

Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.

How does the world solve its $250 trillion-debt problem? Borrow more

Experts say debt is not a problem as long as it is sustainable. The issue is whether the massive generation of debt since the global financial crisis is going to be profitable.

RBI launched massive crackdown on NBFCs amid cash squeeze last fiscal

RBI cancelled registrations of 1,851 NBFCs in the year ended March 31, more than 8 times those in the previous year.

Foreign sovereign borrowing is dire addiction, warns member of Modi’s economic panel

PMEAC member Rathin Roy says India is facing a silent fiscal crisis, all countries that have opted for overseas debt issuances have paid dearly.

On Camera

Give Trump a Nobel already. He has united Modi, Xi and Putin

Both India and the US should realise that whether it is trade or security, strategy or diplomacy, relationships cannot be one-sided.

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

HAL team to visit US this month for talks on joint production of GE 414 engines

The engines are meant for Tejas Mk 2 and the first tranche of Advanced Medium Combat Aircraft (AMCA).

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.