Old pension scheme to exert huge burden on state finances: RBI
There is a need for review of the current system of grants from the Centre to the states, says RBI.
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5 ways to resolve the unfinished agenda of freebies
India needs to go beyond FRBM Act of 2003, set up a 'fiscal council' to redefine, expand the scope and monitor all fiscal practices
MP, Punjab, Tamil Nadu—Universal Income Scheme catching with states
After Madhya Pradesh and Punjab, Tamil Nadu has become the latest state to implement the scheme to a targeted section of women.
Centre asks states, UTs to keep medical oxygen infra ready to face Covid-19 surge
The health ministry has asked states and UTs to ensure availability of liquid medical oxygen in the health facilities and uninterrupted supply chain for their refilling.
Can States Afford Doles?
Finances of states have deteriorated sharply since onset of Covid-19. The rising freebie culture will make things worse.
Rise Of India's Gas Economy
India is spending an astounding ₹3 lakh crore in nationwide pipelines, LNG terminals, city gas distribution and exploration to wean the nation away from coal to gas.
States' exports jump 3 times with One District One Product scheme: SBI
Services exports should be given a more prominent place under ODOP-DEH, says SBI Research
States' revenue may grow a modest 7-9% this fiscal: CRISIL
The biggest impetus to revenue growth will come from aggregate state GST collections.
After Centre's infra push, now state capex up 36% in FY23
The Union Budget had provided a 35.4% increase from ₹5.54 lakh crore in 2021-22 to ₹7.5 lakh crore in 2022-23 in capex allocations early this year.
Revenue shock to hit state capex as GST compensation ends
With stagnated "own tax revenue", states face double whammy as GST compensation on which they continued capex push had ended and Centre's tax collection is set to dip in FY23.
