In early February 2024, the CM of Karnataka Sri Siddaramaiah with his cabinet colleagues and party MLAs staged a demonstration in Jantar Mantar demanding that Karnataka’s share in devolution of taxes reduced from 4.713 % .
India Business News: In an interview with TOI, JPMorgan Chase's president and chief operating officer Daniel Pinto discussed the banking sector's risks and potential. Pint
The Kerala government has accused the Indian central government of imposing borrowing curbs as part of a misguided and unfair political strategy. The accusation came in response to a note submitted by the Attorney General, accusing the state of being financially unhealthy. The Kerala government claims that the central government s borrowing limits have deprived the state of resources amounting to INR 1.07 lakh crore ($15 billion) since 2017. The debate over fiscal federalism has been a hot topic, with several states protesting against discriminatory fiscal policies. | Latest News India
International Business News: The European Parliament and member states have reached an agreement on updates to the EU's budget rules, aiming to enhance investment while maintaining fiscal discipline. Learn more about the details and implications.
Britain needs an entirely new fiscal framework if it is to put an end to the ever-mounting burden of public indebtedness, but neither the presiding Tory government nor its likely Labour successor show any sign of wanting to apply the required restraint.