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KERALA FISCAL BURDEN
Supreme Court refuses to interfere with HC order denying interim relief to TMC against ED freezing accountsThe Supreme Court declined to intervene in a Calcutta High Court decision. This order denied interim relief to the Mamata Banerjee-led TMC ...- Shashi Tharoor seeks revision of Ayushman Vay Vandana funding pattern, flags Kerala's fiscal burden40 funding pattern under Ayushman Vay Vandana, saying that the arrangement could place a higher financial burden on states with ageing popu...
- No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
- Kerala's silver linings playbook for IndiaIndia is experiencing a demographic shift as its youthful population gives way to a growing elderly demographic. In response, Kerala has es...
- Kerala CM Satheesan tables white paper, flags debt burden; Opposition hits backKerala's budgetary practices are facing intense analysis. A recent white paper discloses staggering liabilities amounting to ₹5.07 lakh cro...
- In major development, Satheesan-led new Kerala govt set to scrap Silverline high-speed rail projectSilverline high-speed rail project: The scrapping of SilverLine marks the end of a project that had dominated Kerala’s political discourse ...
- Kerala win will bolster Congress in South: SatheesanKerala's Opposition leader VD Satheesan predicts a United Democratic Front win in the upcoming assembly election. He expects over 100 seats...
- States urge Union Finance Ministry to ease their borrowing limitsSeveral states, including Maharashtra and Kerala, are urging the Union finance ministry to ease borrowing limits. These limits now factor i...
- GST: Siddaramaiah hails consensus reached by eight Opposition-ruled statesTamil Nadu CM MK Stalin cautioned the Centre regarding GST reforms, emphasizing the need to protect states' revenues to sustain welfare pro...
- Delhi, Punjab, Kerala & Puducherry spend more on day-to-day expenses rather than investing in capex: RBI reportThe Reserve Bank of India (RBI) warns that populist measures like free electricity and transport, while offering immediate relief, are stra...
- With assembly polls due in Tamil Nadu, Kerala in two years, South goes into 'study' mode on UPSSouthern states weigh their response to the Centre's new Unified Pension Scheme, announced on August 24. Karnataka and Tamil Nadu study the...
- Bihar, Kerala, Punjab, Rajasthan and WB most stressed fiscally: RBIFive states, namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal, figure among the most stressed states fiscally, as per a Reserve Ba...
- Mixed reaction to RBI article warning signs of stress due to high debt in several statesReferring to the economic crisis in Sri Lanka, the RBI article prepared by a team of economist under the guidance of Deputy Governor Michae...
- Citing Sri Lanka, RBI paper warns of stress building up in states; cautions against freebiesObserving that the slowdown in own tax revenue, a high share of committed expenditure and rising subsidy burdens have stretched state gover...
- Some states pitch for relaxation in fiscal deficit target to 4% to boost consumptionThe finance minister in her July Budget reduced the fiscal deficit target to 3.3 per cent from an earlier 3.4 per cent for 2019-20. Keeping...
- Farm loan waivers to have minimal impact on state deficits: India RatingsThe ratings firm expects the aggregate fiscal deficit of states to come in higher at 3.2% in FY'20 than the agency’s forecast of 2.8% in it...
- Demand in Rajya Sabha to set up state Finance Ministers panel on debt burdenThe Finance Minister also emphasised that two-thirds of the Central Sales Tax amount has been provided to states and the remaining one-thir...
- ONGC to start drilling in Kerala-Konkan coast in Feb 2014ONGC had conducted extensive exploration work on the Kerala-Konkan coast in the past few years, but there has been no commercial discoverie...
- Supreme Court stays proceedings against diesel decontrolSC has stayed all proceedings against moves to decontrol diesel, clearing a big hurdle in the implementation of the liberal fuel policy.
- Budget 2013 Wishlist: Commodity sector seeks sops, export incentivesSugar producers want the finance minister to remove levy obligation from the industry.
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