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.
At 2nd such summit in Punjab for top investors organised by AAP since it came to power in Punjab, Lakshmi Mittal announced his Bathinda refinery has increased production of LPG by 3,000 tonnes/day.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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