India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
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 MoreFISCAL FEDERALISM AND THE 16TH FINANCE COMMISSION SHIFT Syllabus: GS Paper – 2 Federalism Co-operative Federalism GS Paper -3 Mobilization of Resources WHY IN THE NEWS? The Sixteenth Finance Commission has recommended a revised framework for sharing India’s divisible tax pool for 2026–31, introducing efficiency-linked criteria and eliminating revenue-deficit grants. This marks a significant shift …
Read More₹95,000 CRORE SURPLUS LIKELY IN GST COMPENSATION FUND BY 2026 GST Council to Review Compensation Fund Surplus Surplus estimate: The GST Compensation Fund may have a ₹95,000 crore surplus by March 31, 2026. Liabilities cleared: This projection comes after clearing all state dues and debt liabilities incurred during the compensation period. Council review: The GST …
Read MoreWhy in the news? CRISIL projects a revenue growth of 8%-10% for India’s top 18 States in 2024-25. Growth driven by higher GST collections and central tax devolutions, accounting for 50% of State revenues. source:quora About Goods and Services Tax (GST): GST was introduced through the 101st Constitution Amendment Act, 2016. The GST has subsumed …
Read More
