Category : Search result: fiscal discipline


CAG Orders Uniform Government Expenditure Classification

India's CAG directs all states to adopt uniform expenditure classification by FY 2027-28, ending decades of inconsistent accounting practices. This reform will enable transparent financial reporting and better fiscal management across states.

GST Revenue to Rebound Strongly in November

India's GST revenue growth is expected to surge to 10% in November, recovering from an October slowdown caused by September's historic tax reforms. The government anticipates sustained buoyancy.

Mumbai Bikers Find Meditation in City Chaos

Discover how Mumbai's biking community transforms city chaos into mindful meditation. Learn their secrets to riding with discipline, passion and unity in India's most unpredictable traffic.

SIP Investment: Benefits and How to Start in India

Discover how Systematic Investment Plans (SIPs) can help you achieve financial goals through rupee cost averaging, convenience, and financial discipline. Learn the step-by-step process to start investing today.

8th Pay Commission: Fiscal Impact Analysis

India's 8th Pay Commission brings 20-25% salary hikes for government employees but raises concerns about fiscal health and widening wage inequality. Learn about the economic implications.

Election Promises Push Indian States to Fiscal Brink

Indian states face severe fiscal strain as election welfare spending surges, with Bihar's schemes costing 4% of GDP. Capital expenditure lags while deficits rise across poll-bound states. Read analysis.

Meghalaya Cabinet Approves Fiscal Deficit Increase

Meghalaya's cabinet approves key amendments, allowing a fiscal deficit increase to 3.5% of GSDP and new job quotas for casual workers. Discover the full implications for the state's economy.

Bihar Election Cash Promises Strain State Finances

As Bihar elections approach, political parties flood voters with cash promises despite the state's fragile finances. Analysis reveals unsustainable freebies that could worsen economic conditions.

FM Meets Economists for FY27 Budget Consultations

Finance Minister Nirmala Sitharaman holds pre-budget consultations with leading economists to shape India's economic roadmap for FY27. Key focus on growth, inflation and fiscal management.

Direct Tax Collection Up 7%, Refunds Down 17.7%

India's net direct tax collection surges 7% to over ₹12.9 trillion for the current fiscal year, while refunds see a significant 17.7% decline. Get the full details on this economic boost.

GST Revenue Sharing Formula to Change in 2026

A major shift in how GST revenue is distributed among Indian states is on the horizon. Discover which states stand to gain or lose billions and how this could reshape fiscal federalism.

RBI Dividend to Offset GST Revenue Loss: Report

New analysis reveals RBI's increased dividend payout could compensate for potential revenue shortfalls from GST rationalization in the upcoming fiscal year, providing fiscal cushion for government.

Tax Cuts Fuel Consumption Boom: India GDP to Hit 8%

India's economy is poised for explosive growth as strategic tax reductions fuel unprecedented consumer spending. Discover how this fiscal stimulus could propel GDP growth to 8% and transform the economic landscape.

UK Economy Faces Tougher Challenges, Says Reeves

British Finance Minister Rachel Reeves reveals the UK economy is in worse condition than anticipated during last year's budget, citing depleted finances and urgent need for growth measures.

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