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Wednesday, September 24, 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

‘I am Assam,’ Zubeen Garg had said. He was the soundtrack to our lives

Zubeen Garg's funeral entered the Limca Book of Records as the fourth-largest such procession in the world.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

China navy achieves breakthrough with new fighter jet launch system. What are electromagnetic catapults

China’s most advanced aircraft carrier—Fujian—uses electromagnetic catapults, a core component of future aircraft carriers.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.