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STATE BUDGET SHORTFALLS
Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...- CAG flags shortcomings at Social Audit Unit of Assam; suggests corrective measuresAssam's Social Audit Unit is struggling with significant operational and governance issues. A CAG report reveals its registration expired f...
- Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...
- Social Security crisis 2032: Could a 22% benefit cut slash retirement income for millions of Americans if Congress fails to act?Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...
- UK running out of time to boost defence as investment plan stalls, military chief warnsBritain faces increasing threats from Russia. The nation's military chief stresses the urgent need for more defence spending. The Defence I...
- A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine printIndia’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route ...
- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hikeShares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset moun...
- Maldives repays second $50 million Indian treasury bill: MuizzuThe Maldives has made a significant payment to India, settling a USD 50 million treasury bill. This move aims to reduce the nation's extern...
- Govt reviews divestment plans, IDBI Bank stake saleGovt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted t...
- Europe's jet fuel imports from Middle East stop, raising supply crunch fearsEurope's jet fuel imports from the Middle East are stopping. This could cause a shortage before summer travel. Jet fuel prices are high, ov...
- Social Security payment delay May 2026: Cut or Late? why your May check is taking longer — should you worry?70 million Americans are waiting longer. May 2026 Social Security payments hit on May 13, 20, and 27. That creates a 35-day gap from April'...
- Centre trying to create fiscal crisis for Tamil Nadu: State finance minister Thangam Thenarasu in AssemblyTamil Nadu's Finance Minister Thangam Thenarasu accused the Centre of creating "unprecedented" fiscal challenges, including project denial ...
- Shocking! Researchers say over half of U.S states are going bankrupt; here's how that is going to affect average AmericansOver half of U.S. states are in financial trouble, with 27 unable to pay their bills at the end of fiscal year 2023, according to Truth in ...
- Parliamentary panel flags shortfall in fund utilisation by MOSPI, time lag in release of PFLS reportsThe panel is of the view that 73.53 per cent shortfall in fund utilisation cannot be justified by COVID-19 pandemic alone.
- Power sector, local body reforms can aid states avoiding potential revenue shortfall: SBISBI Ecowrap said states' revenues could see a shortfall of Rs 1.05 lakh crore in the current financial year as compared to the estimates in...
- Budget likely to pencil in FY21 fiscal deficit at 7.5 per cent: ExpertsIn a report released on Tuesday, SBI Research pegged the FY21 deficit at 7.4% of GDP on the back of a revenue shortfall accompanied by a hi...
- ITC may feel the heat as GST shortfall could lead to higher taxes on tobaccoCLSA said state governments’ tax revenue, including GST, grew just 1 per cent in April-August 2019 from a year ago period compared to the b...
- India faces `silent fiscal crisis' on tax gap, Modi adviser saysIndia is facing a silent fiscal crisis owing to a shortfall in tax revenues, as per PM-EAC member Rathin Roy.
- States advised to add rain shortfall in MGNREGS budgetThe 155 districts identified as critical blocks would not be allowed to undertake construction of dug wells and private wells under the emp...
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