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New Delhi, April 6: The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday. A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, the Da ...Read More >
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday said the state government is committed to making Himachal a self-reliant economy by 2027 and a prosperous state by 2032, asserting that structural reforms initiated during the recently concluded Budget Session would accelerate growth. Addressing the media on the final day of the assembly session, Sukhu said that despite presenting a relatively smaller budget compared to the previous year, there was no financial crisis. "We have ...Read More >
Bhubaneswar, March 31 (SocialNews.XYZ) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024-25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024-2 ...Read More >
Bhubaneswar, Mar 31 (PTI) Amid a walkout by the opposition MLAs, the Odisha Assembly on Tuesday passed an appropriation Bill, allowing the state government to spend Rs 3.10 lakh crore from its consolidated fund during the financial year 2026-27. Speaking in favour of the Bill, Chief Minister Mohan Charan Majhi, who also holds the Finance portfolio, said the budget estimation for 2026-27 is Rs 3.10 lakh crore, which is 7 per cent more than the budget estimates made for the financial year 2025-26 ...Read More >
Chhattisgarh News: CM Vishnu Deo Sai Calls FY 2026-27 Budget a Roadmap for Sankalp Se Siddhi Chhattisgarh's 2026-27 budget, led by Chief Minister Vishnu Deo Sai, foregrounds Sankalp Se Siddhi as a roadmap for inclusive growth, infrastructure expansion, education, industry, and regional development, with five flagship missions to accelerate progress toward a developed state aligned with national goals. Chief Minister Vishnu Deo Sai has described the State Budget for the financial year 2026-27 a ...Read More >
ITANAGAR, 21 Feb: Chief Minister Pema Khandu on Friday said hydropower will anchor the state's next phase of economic transformation, with projects worth around Rs 2 lakh crore set to take off in the coming years. Addressing the Statehood Day celebrations at IG Park here, Khandu said his government has declared 2025-2035 as the 'Decade of Hydropower', and underscored the sector's central role in shaping Arunachal Pradesh' future. "Currently, 1.2 gw of projects is operational and 4.8 gwis under ...Read More >
Shillong, Feb 23 (UNI) Meghalaya Chief Minister Conrad Sangma on Monday presented the state budget for the financial year 2026-2027 with a fiscal deficit of Rs 2,672 crore, which is around 3.5 per cent of the Gross State Domestic Product (GSDP). During the 2025-2026 budget estimates, the fiscal deficit was Rs 1,970 crore, and this year's deficit is increasing by Rs 702 crore. Presenting the budget for the year 2026-2027, Sangma, who holds the finance portfolio, informed the State Assembly that ...Read More >
India's Fiscal Landscape: Balancing Expenditure with Revenue Growth India's financial performance reveals a complex interplay between government spending and revenue collection. Recent data indicates a shift in the sources of government income, alongside increased investment in crucial infrastructure projects. Net tax receipts for the current period totaled ₹8.1 trillion, a decrease from ₹8.7 trillion during the same timeframe last year. However, this dip was partially offset by a si ...Read More >
Amritsar (Punjab) [India], August 2 (ANI): Counter-Intelligence (CI), Amritsar, has busted a cross-border illegal arms smuggling module with alleged links to Pakistan and arrested five operatives, recovering six sophisticated pistols from their possession, Punjab Director General of Police (DGP) Gaurav Yadav said on Friday. According to a statement issued by the Department of Information and Public Relations, Punjab, those arrested have been identified as Jagroop Singh of Dhun (Tarn Taran), Nav ...Read More >
ITANAGAR, 1 Aug: Deputy Chief Minister Chowna Mein on Friday announced enhanced financial support for the Donyi-Polo Mission School for the Hearing and Visually Impaired [DPMSHVI). Mein announced that the school's annual grant-in-aid will be increased from Rs 1.4 crore to Rs 2 crore. In addition, Rs 5 crore corpus fund will be allocated to the school to ensure its long-term sustainability. Mein said that he would incorporate both the commitments in the upcoming annual state budget for the next ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
MUMBAI: Fourteen weeks after the state government presented a ₹7-lakh-crore budget for FY 2025-26, it has tabled supplementary demands of ₹57,510 crore -- a sum which is about 8.21% of the budget and the second-highest supplementary demand in the history of the state. Terming this a sign of the government's fiscal indiscipline, the opposition and experts said that with further supplementary demands likely to be tabled in December and March, it could cross 15% of the budget and result in an unpre ...Read More >
In Kerala, the State Finance Minister K.N. Balagopal presented the 2025-26 budget, focusing on Metro rail projects, high-speed rail corridors, and the K-Homes project for tourism. Presenting the Budget the Minister said that Kerala has survived the most intense phase of financial crisis without any of its welfare schemes or development work being affected. Mr Balagopal said that Kerala's economy is primed for a take-off due to the stringent fiscal consolidation measures. The State Budget propose ...Read More >
Thiruvananthapuram, Feb 7 (PTI) Kerala Chief Minister Pinarayi Vijayan hailed the state budget presented by Finance Minister K N Balagopal on Friday as a "creative intervention" driving Kerala's development vision, while the Congress-led opposition dismissed it as "hollow". "Despite financial constraints and economic discrimination by the Union government, the 2025-26 budget adopted an approach to strengthen Kerala's development and the welfare of the people. The budget focuses on short-term re ...Read More >
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