Karnataka fiscal deficit touches 3% limit
Karnataka's fiscal deficit hits the legal 3% ceiling due to rising borrowings for welfare schemes. Officials say borrowing may touch Rs 93,000 crore. Read more on the state's budget challenges.
Category : Search result: India fiscal devolution
India's GDP: Strong Real Growth, Narrow Nominal Expansion
India's economy grew at a robust 7.6% in real terms for FY24, yet low inflation significantly narrowed nominal GDP growth, impacting budget calculations. Economists weigh in on the implications.
India's FY26 GDP Growth Forecast at 7.4%
Official data projects India's economy to grow 7.4% this fiscal, powered by strong manufacturing and household spending. Key drivers and expert insights revealed.
Economist Warns India Growth Faces Global Trade Shock, Climate Risks
India's GDP growth may ease to 6.9% in FY27 as rising global tariffs, El Nino risks, and a Rs 2 lakh crore tax shortfall threaten momentum. Key insights ahead of the budget.
India's Fiscal Pivot: Efficiency vs Equity Debate
As India's fiscal devolution faces scrutiny, a prudent balance is critical for mending strained Centre-state ties. Expert analysis on the path forward. Read more.
India's FY27 GDP Growth Seen at 6.9%: Ind-Ra Report
India's economy is projected to expand 6.9% in FY27, driven by reforms and trade pacts. Retail inflation may average 3.8%. Read the full forecast.
Ind-Ra Projects India's GDP Growth at 6.9% in FY27
India Ratings and Research forecasts India's GDP growth at 6.9% for FY27, citing a persistent 'Goldilocks' economic scenario. Key drivers include robust investment and controlled inflation. Read the full analysis.
Outsourcing Becomes Default Fix for Govt Vacancies in India
Across Indian states and the Centre, outsourcing is now the go-to solution for unfilled posts and fiscal pressure. Explore the implications for jobs and governance.
AIMIM, BJP Clash Over GST in Telangana Assembly
A war of words erupted in the Telangana Assembly over the GST Amendment Bill. AIMIM's Akbaruddin Owaisi boycotted, citing economic ruin, while BJP defended the tax regime. Read the full debate.
Key Reforms in India's 2026 Budget Announced
India's 2026 Union Budget introduces major reforms in direct taxes, healthcare funding, and education. Discover the key changes and their potential impact on the economy and citizens.
India's Fiscal Policy as Preventive Economic Medicine
India's fiscal discipline is acting as preventive medicine for the economy, creating buffers against global shocks. Learn how this strategy ensures stability and growth.
Fiscal deficit surges 15.4% to Rs 9.77 lakh crore
India's fiscal deficit for April-November FY25 widened to Rs 9.77 lakh crore, marking a 15.4% year-on-year surge. Explore the key drivers and government's fiscal roadmap.
India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
India's Fiscal Tensions: States vs Centre Over Funds
Recent changes to India's rural job scheme highlight deep fiscal fault lines. States argue their autonomy is eroding as the Centre pushes co-financing. Explore the data on tax shares, cesses, and political penalties.
India's Fiscal Discipline Tested Amid Rising Subsidies
India aims to stick to its medium-term fiscal deficit target of 4.3% in FY26, buoyed by a record RBI dividend. However, rising subsidy costs and lower nominal GDP growth present significant challenges to consolidation. Explore the details.
India's fiscal deficit at 62.3% of FY26 target
India's fiscal deficit for April-November hits ₹9.76 lakh crore, cushioned by strong non-tax revenue. Tax collections lag, impacted by rebates and GST changes. Read the full analysis.
Fiscal deficit hits 62.3% of budget estimate in Nov 2025
Government data reveals India's fiscal deficit touched 62.3% of the full-year target by November 2025. The Centre's budget aims for a 4.4% GDP deficit in FY26. Read the full analysis.
India's 2026 Economy: 3 Under-the-Radar Shifts
India is quietly undergoing three major economic shifts: greater openness, state-level investment convergence, and balanced macro policy. Holding onto these could unlock durable, broad-based growth. Read the analysis.
Over 80% of Haryana's District Plan Funds Remain Unspent
A staggering 80% of Haryana's district plan funds lie unutilized, raising serious questions about development work and fiscal management. Read the full report on the state's financial inertia.
RBI Handbook Shows Flaws in State Social Spending Data
RBI's state statistics handbook reveals rising social sector spends mask declining budget shares & hidden disparities. Experts demand better data for real progress. Read more.
India's Q3 GDP Growth Hits 8.4%, FY24 Estimate Raised to 7.6%
India's economy surges with 8.4% GDP growth in Q3 FY24, exceeding expectations. The government revises full-year growth estimate to 7.6%. Discover the key drivers and sectoral performance behind this robust expansion.
Japan's Topix Hits Record High on Fiscal Easing
Japan's Topix index reached an all-time high as a record budget eased debt concerns. The Nikkei nears 51,000 with SoftBank leading gains. Read the full market analysis.
India's GDP Growth at 8.2% in Q2, RBI Ups Forecast
India's economy shows robust post-Covid recovery with 8.2% GDP growth in Q2 2025-26. RBI revises full-year estimate to 7.3% as inflation stays benign. Read the full analysis.
CII Urges Fiscal Reforms, Tech in Tax in Budget 2026-27
CII urges institutional reforms & fiscal consolidation in Budget 2026-27 for growth. Key asks: tech to curb tax evasion, debt control, PSU privatisation, and revamping food distribution. Read more.
India's Economy Set for 2026 Payoff Phase
India's economy is poised to reap the benefits of past reforms in 2026, with projected growth of 7% or higher. Learn how tax cuts, rate easing, and regulatory changes are fueling momentum despite external trade tensions.
India's 2025 Economy: Reform, Resilience, Realignment
Explore India's 2025 economic focus on green growth, manufacturing push, and fiscal stability amidst global headwinds. Essential analysis for UPSC aspirants.
Shankar Sharma on India's economic slowdown, capex risks
Market veteran Shankar Sharma warns India's economic slowdown is a 'giant battleship' hard to turn. He cites fiscal constraints, weak tax growth, and rupee pressures limiting a 2026 revival. Read his full analysis.
Women's Cash Transfers Surge to Rs 2.46 Lakh Cr, Cover 13 Crore
Direct cash transfers to women have exploded from Rs 1,600 crore in 2020 to Rs 2.46 lakh crore in 2025, reaching 13 crore women. Explore the fiscal impact, political shift, and real-life effects of this new welfare pillar.
New Rural Job Act's Funding Shift Strains States
The new VB-G RAM G Act replaces MGNREGA, shifting more fiscal burden to states. Analysis reveals a potential Rs 30,000 crore extra cost and implementation hurdles. Read the full story.
Welfare Populism Threatens India's Fiscal Health
State-level welfare expansion is pushing India into a debt trap, risking national economic stability. Experts call for a unified National Welfare Policy based on fiscal discipline and transparency. Read more.
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