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Kerala Faces Fiscal Stress Despite Social Achievements Why in the News ? A recent economic report released by Kerala’s new government highlights the State’s worsening fiscal condition. Despite its strong human development achievements, Kerala faces rising debt, increasing committed expenditure, and low capital investment, raising concerns about long-term economic sustainability and food security. Kerala’s Fiscal …
Read MoreIntegrating Climate And Development Finance For Growth Why in the News ? Growing concerns over the global Sustainable Development Goals (SDG) financing gap and climate challenges have renewed focus on creating a unified framework that links climate finance and development finance, enabling investments that generate both environmental and socio-economic benefits while strengthening environmental democracy and …
Read MoreParliament Approves Appropriation Bill For FY 2025-26 Why in the News? Parliament has passed the Appropriation (No. 4) Bill, 2025, authorising additional expenditure from the Consolidated Fund of India for 2025–26, amid discussions on health spending, MSP hikes, fiscal discipline, India’s improving credit ranking, and the implementation of environmental clearances. Key Features Of The Appropriation …
Read MoreGST Overhaul: Balancing Reform with Fiscal Prudence Syllabus: GS Paper – 3 Fiscal Policy, Inclusive Growth Why in the News? The recent overhaul of the Goods and Services Tax (GST), effective from September 22, 2025, rationalized the tax structure by eliminating the 12% and 28% slabs, redistributing items into 5% and 18% categories. While this …
Read MoreWhy in the news? India’s public debt is nearly 82% of GDP, but it remains sustainable due to the country’s high growth rate and the higher share of local-currency debt. The high debt levels are manageable because of the higher real or nominal GDP and the predominance of rupee-denominated debt. Debt Levels Data: States hold …
Read MoreIntroduction The Finance Commission in India is a constitutional body responsible for allocating financial resources between the central government and the States. It promotes fiscal stability, fiscal autonomy for States, and the equalization of public services. Established under Article 280 of the Indian Constitution, it operates on a five-year cycle, impacting fiscal relations significantly and …
Read MoreUnderstanding Public Finance Public finance is a crucial branch of economics that deals with the assessment of government revenue and expenditures. It aims at modifying these financial activities to achieve desirable outcomes and avoid adverse effects. This field covers the management of public money, including aspects such as the money a government receives, spends, borrows, …
Read MoreSyllabus: GS-3-Inequality in India and its impact Focus : Top of Form The article explores the ethical imperative of reducing inequality and advocates for progressive taxation, focusing on wealth and inheritance taxes. It discusses the consequences of high inequality, rationale for progressive taxation, taxation models, economic impact, and policy recommendations to address socio-economic disparities in …
Read MoreSyllabus: GS-3 – Indian Economy , Fiscal federalism and related issues Focus : Overview of the availability of state budget data and sources of information. Analysis of state bond auctions in the current fiscal year and projections for gross borrowing. Source- IE Introduction: The significance of understanding state budgets in the context of India’s fiscal …
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