Former Chief Minister of Karnataka Basavaraj Bommai said on Friday that the state budget presented by Karnataka Chief Minister Siddaramaiah is a directionless, zero-progress budget, which will take the state to the brink of debt, and will have a far-reaching impact on the state's finances
Speaking to ANI, Bommai said that even after taking loans worth Rs 1.32 lakh crore and imposing an additional tax burden of Rs 25,000 crore, the budget still reflects a deficit of around Rs 32,000 crore.
Leader of Opposition and former Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday accused the state government of misleading people by presenting "wrong figures" in the Assembly over the discontinuation of the Revenue Deficit Grant (RDG), alleging that the ruling dispensation was
Ahead of the upcoming assembly elections in Tamil Nadu, State Finance Minister Thangam Thennarasu on Saturday presented the interim budget for the fiscal year 2026-27 in the state assembly.
Ahead of presenting Rajasthan's Budget for the 2026-27 financial year, State Finance Minister and Deputy Chief Minister Diya Kumari arrived at the state Assembly on Wednesday and termed the document a significant step toward building a "Viksit Rajasthan."
Senior BJP leader and former Himachal Pradesh Chief Minister Prem Kumar Dhumal has expressed concern over the state's current financial situation, saying the fiscal stress is not sudden but the result of long-anticipated challenges that the government failed to address in time.
The number of Indian states reporting a revenue surplus has declined sharply over the years, falling from 19 in FY19 to just 11 in FY25 (Provisional Accounts), highlighting rising fiscal stress at the state level, according to the Economic Survey.
States' consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3.0 per cent during the previous three consecutive years, Reserve Bank's annual publication "State Finances: A Study of Budgets" noted.
As the World Economic Forum (WEF) Annual Meeting 2026 convenes in Davos, Switzerland under the theme "A Spirit of Dialogue," a high-level delegation from Uttar Pradesh has arrived. Led by Minister for Finance & Parliamentary Affairs, Suresh Kumar Khanna is all set to showcase the state's rad
The Comptroller and Auditor General (CAG) of India K Sanjay Murthy, released the second edition of the Publication on State Finances 2023-24 here today. Building on the first edition (2022-23), this publication presents a consolidated, audited overview of the finances of all 28 States, wh
States are expected to remain net gainers in fund sharing under the proposed (Viksit Bharat Guarantee for Rozgar and Ajeevika Mission) VB-G RAM G Act, and the framework can be further scaled up by states through their own contribution, according to a report by the State Bank of India (SBI
On the issue of potential exposure of the Aravalli ranges to mining, Arun Chaturvedi said, "The Supreme Court has not yet issued any order; instead, it has asked the central government to prepare and present a comprehensive action plan on this matter."