For FY25, Bihar's assumption of revenue surplus seems optimistic, while UP's seems doable. In Punjab, main concern is that targeted reduction in fiscal deficit is to come by cutting capex.
In his maiden budget, state finance minister Thangam Thennarasu also announced a housing scheme to make the state 'hut-free' by 2030 & project to reduce water pollution in North Chennai.
Data reveals that states with a lower variance between their estimates and their actual expenditure do better in terms of governance outcomes. Spending less isn't the solution.
While a higher capital outlay has been budgeted for FY 23-24, trends of last FY suggest states have underspent on capex & are unlikely to achieve their targets for 2022-23.
Speaking on 2023-24 UP budget presented last week, former CM said Ganga Expressway won't be ready in time as state govt had 'deserted' friend Gautam Adani, whose firm was to build most of it.
It used to be Tatas and Birlas in the loose political rhetoric of the 1970s and the 1980s. Today, it is Adani and Ambani in the heated Lok Sabha election campaign.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
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