According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
 "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 ...
 "Sri Lanka’s new president, Anura Kumara Dissanayake, ignites nationalist fears, reshaping regional dynamics amid India’s faltering influence.")
Sri Lanka has elected Anura Kumara Dissanayake as its new president, marking a significant shift in the nation’s political landscape. Dissanayake, a nationalist outsider, won against established centrists, showcasing the strength of Sri Lanka’s democracy. His victory comes two years after significant protests led to the resignation of the previous leadership. However, Dissanayake’s rise raises ...
