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Friday, December 12, 2025
TopicState finances

Topic: State finances

Himachal CM Sukhu & his ministers give up salary for 2 months, but state’s fiscal troubles run far deeper

As govt employees agitate for pending allowances worth crores, Himachal faces mounting debt, limited revenue sources, losses due to rains and limited support from Centre.

Bengal civil servants decry audit report on state’s finances, CAG official says ‘no error’

Civil servants held press briefing to say West Bengal had no pending utilisation certificates, as flagged by CAG in audit report. CM Mamata Banerjee has also raised issue with PMO.

States spending better, with many prioritising capex. But those dependent on Centre may face stress

Capital expenditure of 23 states grew by 52% in April-September 2023 over same period last yr, but discontinuation of GST compensation, tapering of grants could weigh down some states.

States’ finances improving, but moving back to old pension scheme could pose future risks: RBI

States have seen stronger revenues and have been prudent with their expenditure, leading to better deficit ratios. But capex needs to increase & debt needs to reduce.

Modi govt raises alarm over off-budget loans of states, wants them to come clean

Displeasure over the practice was expressed during a presentation made by Finance Secretary T.V. Somanathan at national conclave of chief secretaries in Dharamshala last month.

On Camera

IndiGo cancellations made TV news do the unexpected — question the Modi government

Republic TV was the harshest of them all: “The (civil aviation) minister has done a bad job,” said prime time anchor Arnab Goswami.

IndiGo’s profits dipped, most airlines sunk into losses last fiscal even as flier numbers soared

Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.

Dubai Tejas crash revives focus on advanced, fully automated safety systems

Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.

Asim Munir & Pakistan’s Failed Marshal Doctrine

None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.