scorecardresearch
Add as a preferred source on Google
Sunday, February 22, 2026
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

Patel’s 1950 letter to Nehru: Find no legal power to deal with Press or men like Syama Prasad

Less than a year before the First Constitutional Amendment, Patel wrote to Nehru about Supreme Court rulings that had 'knocked the bottom out' of press control laws.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

MoD, IAF agree on some exemptions to HAL for Tejas Mk1A, but no compromise on ‘must-have’ capabilities

IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.