-The Hindu There was a total expenditure of ₹1.34 crore without appropriation by legislature Tamil Nadu’s revenue deficit of ₹23,459.44 crore during 2018-19 was understated by ₹3,757.23 crore and fiscal deficit by ₹1,300.49 crore primarily owing to short transfers totalling ₹1,366 crore towards various reserve funds, such as sinking fund and guarantee redemption fund, according to the Comptroller and Auditor-General’s report on State finances for the year ended March 2019. There were...
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As Dharamshala grows, the city eats into the forest -Meenakshi Kapoor
-India.Mongabay.com * Earlier this year, the Supreme Court of India ordered the demolition of a hotel structure built in 2006 under the garb of a bus stand and parking lot in Dharamshala. The High Court of Shimla has, more than once, asked the state to act against violations. * Dharamshala has witnessed rapid growth which has often spread into the forests. The state action, however, has been targeted towards small encroachments. The...
More »How India's Financial Inclusion Infrastructure Failed During the Pandemic -Isabelle Guérin, Nithya Joseph and G Venkatasubramanian
-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap loans. India was no exception to...
More »COVID-19 is not a ‘one-time disaster’, like earthquake or flood, Centre says in SC -Krishnadas Rajagopal
-The Hindu It is an ongoing pandemic which will continue to attack in waves and a ‘broader approach’ is essential, says Ministry of Home Affairs in 189-page affidavit. The COVID-19 pandemic is not a “one-time disaster”, like an earthquake or a flood, where victims can be compensated with just money, the Centre has told the Supreme Court. The virus is an ongoing pandemic which will continue to attack in waves. A “broader approach”...
More »Can't Give ₹ 4 Lakh For Covid Victims, Centre Tells Supreme Court -A Vaidyanathan
-NDTV.com The centre in its affidavit also said due to increased health expenses and low tax revenue it is beyond states' budget to pay compensation for lakhs of Covid victims. New Delhi: Families of Covid victims cannot be paid compensation as it applies to natural disasters only, the government told the Supreme Court, adding that states cannot afford to pay ₹ 4 lakh to every victim. In a 183-page affidavit filed late...
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