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ExplainSpeaking | State-level finances: Why Odisha leads the rest of India and Punjab lags far behind

In his recent interview, Prime Minister Narendra Modi had urged state governments to shun ‘financially irresponsible policies and populism’. Here’s how different states stack up on fiscal discipline. ....

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RBI Says States' High Debt-To-GDP Ratio Worrisome

States debt-to-GDP ratio is likely to remain at 31 per cent by end of 2021-22, which is higher than the 20 per cent target to be achieved by 2022-23 ....

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States' fiscal deficit likely to reach 4.3% of GDP in 2021-22: IndRa

States fiscal deficit likely to reach 4.3% of GDP in 2021-22: IndRa
The agency had earlier forecast FY21 fiscal deficit of states to be at 4.5 per cent but revised it later due to a sharper-than-expected contraction of 6.1 per cent y-o-y in the nominal GDP
PTI | February 16, 2021 | Updated 08:36 IST
The agency estimates the nominal GDP to grow 14.5 per cent in FY22, and believes a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure from FY22
The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the gross domestic product (GDP) in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research. The rating agency has revised the outlook on state finances to stable for FY22 from stable-to-negative. ....

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States' fiscal deficit to moderate to 4.3% of GDP in FY22: India Ratings & Research

Outlook revised from stable to negative ....

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Top news of the day: Trump leaves White House for the last time as U.S. President; Supreme Court refuses to stop farmers' rally on Republic Day, and more

Hours after being sworn in as the 46th U.S. president, Joe Biden would sign 15 executive orders – including rejoining the Paris climate agreement, a 100-day mask mandate and reversing the Muslim ban – undoing some of the major policies of his predecessor Donald Trump.
“It is irregular and improper for this court to disable any rally. It is for the police to decide. We will allow you to withdraw. You are the executive of the country. You decide,” Chief Justice Bobde, heading a three-judge Bench, addressed Attorney General K.K. Venugopal and Solicitor General Tushar Mehta.
Farmers’ protests | Farm unions welcome Supreme Court refusal to stop tractor parade ....

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