Karnataka contributes billions to national growth and FDI, but its own finances show a revenue deficit, spiralling interest costs, and liabilities crossing Rs 11.2 lakh crore.
While Centre makes progress lowering debt from pandemic peak and cutting borrowing costs, states face slower adjustment with limited market discipline, survey finds.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
Kerala brought down the deficit for 2022-2023 to under 3 percent, in line with FRBM guidelines, but is still expecting to slightly breach the limit in 2024-2025 and 2025-2026.
Govt has done well to stick to path of fiscal consolidation. It’s unclear if compression of revenue spends net of interest payments is the direction the govt would like to take in coming yrs.
Corporate tax collections saw modest growth of just 1.2%, but a 20.2% rise in income tax collections helped strengthen the government's overall revenue position.
Maharashtra has headroom to spend, but committed expenditure is expected to rise. In Jharkhand, optimistic revenue projections may limit the state govt’s ability to fulfill the promises.
Indians tend to fuss more about the damage done to the Indian psyche by Thomas B Macaulay’s infamous Minute of 1835, but he was preceded in this unholy endeavour by James Mill.
A govt official said that although ATF prices for domestic market had been expected to rise 100 per cent in April, increase was moderated to 25 per cent to cushion burden on domestic passengers.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
I would like to do so many bad things to Peddaramaiah in my dreams.