In his first Independence Day speech, Telangana Chief Minister A. Revanth Reddy revealed alarming facts about the state’s escalating debt, which skyrocketed from Rs 75,577 crore in 2014 to Rs 7 lakh crore in 2024. The Congress government aims to tackle this issue by avoiding high-interest loans and fulfilling election promises like writing off farm ...
Chennai’s Chief Minister M K Stalin recently met with Prime Minister Narendra Modi to discuss delays in the second phase of the Chennai Metro Rail project. He urged for prompt approval of a shared funding agreement between the central and state governments, similar to what was established for phase one. The project completion has been ...
 "The shift from VAT to GST ignites fierce debate over inter-state revenue disparities, dramatically reshaping fiscal landscapes across states.")
The shift from value-added tax (VAT) to goods and services tax (GST) has sparked discussions about how different states perform in terms of revenue. Under the previous tax system, states earned revenue from inter-state transactions based on where goods were produced. With GST, however, taxes are collected based on where goods are consumed. This change ...
 "India’s Fiscal Deficit Soars Amid Rising Expenditures and Subsidies")
India’s fiscal deficit for the first four months of the 2024-25 financial year reached 17.2% of the full-year target, with a gap of Rs 2,76,945 crore. The government aims to reduce the fiscal deficit to 4.9% of GDP this year, down from 5.6% last year. Total expenditure in this period was Rs 13 lakh crore, ...
 "India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope")
The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...
