-Factly.in The RBI recently published an article State finances and the Risk Analysis. The article aims to look at the fiscal vulnerability of Indian States & emphasises on ten heavily debt-burdened states in India based on the debt-GSDP ratio in 2020-21. These ten states also account for around half of the total expenditure by all state governments in India. Here is a review. Effective and efficient public finance management is said to...
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Hunger Games? Govt may Shut Down Free Ration Scheme After September -Subodh Varma
-Newsclick.in A finance ministry note has reportedly warned against too much spending on food and other subsidies. The scheme for providing 5 kg food grain to every individual in addition to the subsidised ration given to ration card holders may be finished after September. Called the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), it was started during the first lockdown in April-May 2020 and has been extended every six months. It is...
More »Vulnerable To Frauds, Fakes & Breaches: Why Govt Auditor Served A Warning To Aadhaar -Saurav Das
-Article-14.com India’s national auditor says that Aadhaar, the national identity database and one of the world’s largest, is not finding and plugging leaks as it should. That is leading to rising frauds, hacks, data breaches and other misuse. Some of its failures have denied government services to the country’s most vulnerable. Experts advise restricting Aadhaar’s use and spread, but the government is not open to even addressing or fixing its problems. New...
More »What is the financial position of the 5 states described as stressed by RBI? -Tina Edwin
-MoneyControl.com Bihar, Kerala, Punjab, Rajasthan and West Bengal could face a crisis if they fail to curb non-merit expenditure, the central bank has warned A study of fiscal parameters of states by the Reserve Bank of India (RBI) identified Bihar, Kerala, Punjab, Rajasthan and West Bengal as highly stressed due to their high debt levels, the quality of expenditure and the level of fiscal deficit. These states could face a crisis if...
More »Scant Rainfall, not Politics, Worries Maharashtra Farmers -Amey Tirodkar
-Newsclick.in Kharif sowing has almost stopped with the state not receiving even 10% of the expected rains. Maharashtra faces uncertainty both politically and agriculturally. While the ruling Shiv Sena’s rebel leader and MLA Eknath Shinde plans to head to Mumbai along with his faction to grab power, farmers of the state face an uncertain future with 41.4% deficient rainfall, leading to a virtual halt in the sowing of Kharif crops. According to the...
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