State Finances

Why UDAY, 7th Pay Commission are ticking time bombs on states' finances

What will the double whammy of the UDAY (Ujwal Discom Assurance Yojana), the central government’s financial turnaround scheme for state power distribution companies, and pay revisions of government employees do to the finances of state governments?

The politics of fiscal federalism: Rs 1,85,000 cr bonanza to states shouldn't result in regional cronyism

Today the BJP, with a simple majority in Lok Sabha, is promoting substantial fiscal federalism but with the hope that this could be combined with the broader idea of promoting cultural nationalism. Indeed, it is a new kind of dialectics the Parivar may be working on

The real estate crisis will devastate state finances - time to prick the price bubble

States are increasing their dependence on revenues from real estate. The current stagnation is bad news. The only way to revive sentiment is to adopt policies that deflate the bubble