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FISCAL INDISCIPLINE
Economic Survey 2026: India an oasis of macro stability in a volatile global environment, says CEAThe goal is to cut the combined fiscal deficit of the Centre and states to about 6% in the medium-to-long term. The unconditional physical ...- States must back human capital over cash: Economic SurveyState governments' cash transfer schemes are straining finances and impacting growth. These popular programs are costing ₹1.7 lakh crore th...
- Economic Survey flags concerns over fiscal populism in statesThe Economic Survey highlights growing worries about states' fiscal populism and rising revenue deficits. Unconditional cash transfers are ...
- Fiscal indiscipline of states to have an impact on sovereign borrowing costs: CEA Anantha NageswaranStates' spending on populist doles is raising concerns. The Economic Survey warns this fiscal indiscipline will increase borrowing costs fo...
- Rupee falls 9 paise to 85.67 against US dollar in early tradeThe Indian Rupee weakened against the US dollar in early trading. Rising US Treasury yields and foreign fund outflows pressured the market....
- Siddaramaiah blames BJP for power tariff hikes, promises meeting to work out solutionMeeting delegations from various industry associations, the CM blamed the previous BJP regime for leaving the state in a sea of debt. His C...
- CAG Murmu says there is need to distinguish between justifiable subsidies and freebiesThe Comptroller & Auditor General of India, Girish Chandra Murmu, has advised states to meet their capital expenditure from their own reven...
- J&K govt accountable for every rupee spent on ground after revoking Article 370: FM SitharamanShe further said the entire administration in the Union Territory is now visible to every person of Jammu and Kashmir to see what is going ...
- Rajasthan assembly passes state budget; announces implementation of insurance scheme for familiesRajasthan CM Ashok Gehlot announced renaming of Universal Health Coverage Scheme worth Rs 3,500 crore as CM Chiranjeevi Yojna and said regi...
- CBDT initiates inquiry on IRS officers for unsolicited report on funding COVID relief work"No permission was sought by the officers before going public with their personal views and suggestions on official matters, which is a vio...
- IRS officers' report on funding COVID relief work via tax measures ill-conceived: FinMin sourcesThey also suggested levy of a COVID Relief Cess of 4 per cent on those with taxable income of more than Rs 10 lakh to help mobilise revenue...
- Cannot have annual pension revision, says FM Arun Jaitley on OROPFinance Minister Arun Jaitley today virtually ruled out annual revision of pension as demanded by agitating ex-servicemen under 'One rank, ...
- Congress missed the opportunity to send message through budget: JDSAfter 2014 LS polls, Karnataka is only major state where Congress is in power and "in this situation I had expected a lot from this budget,...
- India best story globally; RBI may cut rates by 150 bps in 2015: Jim WalkerUnder the current timeline, the government has to shrink the fiscal deficit to 4.1% of GDP this year, 3.6% in the next and 3% in the one af...
- Fiscal consolidation: Modi govt feels indiscipline may hit credit rating & RBI’s monetary easingUnder the current timeline, the govt has to shrink the fiscal deficit to 4.1% of GDP this year, 3.6% in the next and 3% in the one after th...
- World Bank projects 5.5% growth in FY15, 6.3% in FY16, says India needs fiscal discipline amid Iraq crisisThe bank said implementing GST, targeting subsidies better and broadening the tax base would help create the fiscal space for supporting ac...
- Fiscal discipline required to put economy on back on growth track: Arun JaitleyThe Finance Minister said initial amount of fiscal disciplining will enable India and its people to enjoy fruits of sounder economy at a su...
- Fiscal disciplining required to put economy back on track: Finance Minister Arun JaitleyJaitley said initial amount of fiscal disciplining will enable India and its people to enjoy fruits of sounder economy at a subsequent stag...
- Show subsidies in budget, CAG to govtThe Comptroller and Auditor General of India (CAG) has told the Centre its policies of deferred subsidy payments to oil and fertiliser comp...
- 'Fiscal management the growth driver'The reform process in the 90's has helped India achieve a high growth rate. But the country needs to get its act together in fiscal managem...
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