Chief Minister Bhagwant Mann is hoping Meri Rasoi food scheme will help AAP retain power next year. But economists warn that it may strain Punjab’s already stretched finances.
The Union government’s fiscal discipline has not been matched by state fiscal discipline, thanks to the tendency to promise unconditional freebies to the electorate.
Dismissing unconditional cash transfers through the parochial logic of ‘unearned assistance is undeserving’ narrows the space for policy innovation and restricts possibilities for social mobility.
In 2025-26, Bihar is estimated to spend Rs 1,08,094 cr on committed expenditure, which is 42% of its estimated revenue receipts. This offers little scope for spending on development.
Delhi has historically been in revenue surplus, but last 2 years have seen a deceleration. Subsidies & cash transfers may escalate the deficit, unless accompanied by a hike in revenues.
Indian middle class seethes at growing phenomenon of political parties taking their tax money and spraying it among the more numerous poorer classes to buy their votes.
Other key promises in the budget include AI- and other technology-enabled services for farmers and continuation of the Ladki Bahin Yojana, which will have the same outlay.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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