States are increasingly borrowing to finance subsidies. This reduces fiscal space for capital and other developmental expenditure, compromising long-term growth.
In a new report, RBI data shows subsidy payments are being concentrated among fewer states, with Tamil Nadu in particular seeing a sharp rise in its share of total subsidies.
Siddaramaiah govt says income tax payers, govt employees shouldn’t have BPL cards, but data shows nearly 8 in every 10 of state’s residents claim benefits, 'burdening' the economy.
15th Finance Commission recommends fiscal deficit limit of 3% for states. According to Maharashtra's budgeted estimates for 2024-25, fiscal deficit is projected to be at 2.59%.
On latest episode of ThePrint Off The Cuff, former IMF executive director asserts that lack of important indices such as Census & Consumer Survey has resulted in India lagging behind in data.
Last 20 years' data shows capex share in spending has risen since 1st term of Modi govt in 2014-15 & that of subsidies has dropped. Under UPA between 2004-2014, subsidies rose while capex fell.
In 1st batch of its supplementary demand for grants, Centre also emphasises that another Rs 70,968 crore of additional spending will be financed through reallocation between schemes.
Since her first budget in 2019, Finance Minister Nirmala Sitharaman's approach is notable for growing realism, but she must bite the bullet on subsidies which ballooned in Covid years.
An economic environment made up of ruthless taxation structure, corrupt government systems and public sector enterprises drain the economy, writes Shantha Kumar.
Union minister Prakash Javadekar said both sugar industry & sugarcane farmers are in crisis because of high domestic production and subsidy amount will be directly given to farmers.
Like China, India remains a big domestic market, which will continue to attract investment, but the US tariffs will make India unattractive for future investments.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Contrary to claims regarding implementation of theaterisation, ThePrint first reported on 17 June 2021 that it will be delayed. Now, ACM Singh bats for different structure.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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