The court observed that Kerala’s petition points to 'various questions of significant importance impacting the federal structure of governance as embedded in Constitution'.
At 53% in 2021-22, Punjab has worst debt-to-GSDP ratio. CAG data shows UP’s interest payments have grown by 6% in 5 years. Andhra’s outstanding debt hit Rs 3.89 lakh crore in 2021-22.
Govt to borrow Rs 8.45 lakh crore from market in the first half of 2022-23 by issuing bonds. Over 10 years, there has been a substantial increase in govt’s borrowings through bonds.
Since general government debt will rise regardless of who borrows for GST compensation, a plan to move to a sustained borrowing trajectory should be made.
Tamil Nadu CM writes to PM Modi, other state finance ministers have virtual meeting to prepare for prolonged battle with central govt on GST compensation.
Loans from NSSF to PSUs have risen 500% since 2016-17, though some can’t repay them. Critics say this is govt’s way of keeping fiscal deficit in control.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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