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UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...
Jharkhand's economy projected to grow by 5.96% in 2026-27 fiscal: Economic SurveyJharkhand's economy is set for growth. Projections show a 5.96 percent expansion in the 2026-27 fiscal year. This follows an estimated 6.17...
Rajani Sinha warns freebie culture is pushing states towards fiscal distressEconomists are sounding alarms over the escalating fiscal burden of cash handouts and subsidies, with many states facing unsustainable debt...
DMK, BJP clash over delimitation criteria in Parliament; calls for fair representation & action against infiltratorsDMK MP DM Kathir Anand demands new criteria for delimitation, arguing population-based criteria unfairly penalize southern states like Tami...
Odisha tops the list of achievers on the Fiscal Health Index 2025Odisha leads the Fiscal Health Index 2025 among Indian states, followed by Chhattisgarh, Goa, Jharkhand, and Gujarat. The ranking, announce...
States' indebtedness to be high at 30-31% of their GDP in FY 2023: ReportBesides, sticky revenue expenditure and the need for higher capital outlays, along with modest revenue growth, will keep borrowings up this...
SBI warns against freebies, says have huge fiscal costsThe report also flagged the off-budget borrowings of states, which are loans raised by state-owned entities and guaranteed by the states, t...
States giving away freebies is a matter of concern: SBI reportIndian states' offer of 'economically unsustainable' sops like farm loan waivers, and restoring old pension systems is a matter of concern,...
State GSDP numbers might undergo revision: SBIIn a report, it also said it found a “significant gap" between its estimates and revised estimates provided by West Bengal, Uttar Pradesh, ...
States budgets can help improve India's GDP projections: SBI ResearchThe consolidated fiscal deficit of the Centre and states is thus likely to be around 12.7 per cent of GDP, assuming that the Centre’s fisca...
All 28 states and three union territories decided to go for Centre's GST compensation formulaAll the 28 states and three union territories with legislature have decided to go for the Centre-suggested compensation formula to meet the...
Gross state domestic products to see sharp declines in FY21Among the major states, those likely to be most impacted over the fiscal were Karnataka, Jharkhand, Tamil Nadu, Kerala and Odisha, whereas ...
UDAY unlikely to destabilise aggregate state finances: India RatingsFive states incurring high distribution losses that have yet not joined the UDAY scheme are Telangana, Madhya Pradesh Maharashtra, Tamil Na...
J&K and Jharkhand: Two states whose economies are in a messIn these two states, spending on education, health and other important social sectors has declined over the past 14 years.
Chhattisgarh may gain most in 1st round of auctionIn 2013-14, West Bengal's debt as a proportion of gross state domestic product (GSDP) was estimated at 34.6%, the highest among the non-spe...
A look at the balance sheet of India’s state financesIndia’s central government finances receive a great deal of attention but state finances are sizeable too, with state-level debt making abo...
Bihar beats Gujarat, Maharashtra with 21.9% growth in 11th PlanAmong all the states and union territories, Sikkim recorded highest GSDP growth rate of 31.6 per cent during the five year period followed ...
- States like Karnataka, Odisha, Gujarat hit austerity path to trim deficits
Karnataka, Odisha are among the 16 states that are showing the way on how govt finances will move as they struggle to keep the fiscal house...
States have managed their finances better than the CentreStates benefitted from a higher share in central transfers in accordance with the 13th Finance Commission recommendations. But their tax re...
- Koda cries conspiracy, dares agencies to prove charges
After three days of intense grilling by Income Tax officials which reduced him to meek explanations for the alleged multi-crore scam, forme...