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Fiscally disciplined states get priority access to 3000 crore SASCI incentive pool from Centre

Fiscally disciplined states get priority access to 3000 crore SASCI incentive pool from Centre

The Centre has launched a new incentive scheme that offers priority access to a 3000 crore SASCI pool for states that show fiscal discipline. Better debt management, tighter borrowing practices, and improved fiscal transparency will be key criteria. The move is designed to strengthen fiscal governance and improve debt sustainability across states while incentivising responsible budgeting.

Summarised by Beize from a story on The Economic Times on 7 May 2026
US debt tops entire economy as 100 percent of GDP flips a dangerous era

US debt tops entire economy as 100 percent of GDP flips a dangerous era

The US debt-to-GDP ratio hit 100.2% on March 31, meaning America’s national debt now exceeds the size of its entire economy. The $39 trillion burden is tied to rising interest payments that economists say will cost about $827 billion to fix—roughly matching the defense budget. Interest costs are nearly tripling since 2019, driven mostly by past borrowing.

Summarised by Beize from a story on The Economic Times on 1 May 2026

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Govt vows to stick to Rs 12.22 lakh crore capex despite fiscal stress from global shocks

Govt vows to stick to Rs 12.22 lakh crore capex despite fiscal stress from global shocks

India’s government says it will keep planned capital expenditure at Rs 12.22 lakh crore this fiscal year, even as fiscal strain rises amid the West Asia crisis. Officials indicate highways, railways, and urban development will remain priority areas, arguing that steady fiscal discipline helps the economy stay resilient through uncertain global conditions.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Crude at 90 threatens India Inc profits and budgets as costs surge across the economy

Crude at 90 threatens India Inc profits and budgets as costs surge across the economy

India is bracing for an energy cost shock as crude oil prices near $90. Higher crude and gas imports are expected to strain corporate earnings, squeeze consumer spending, and widen pressure on government finances. While the impact will ripple across sectors, experts flag aviation as especially vulnerable to rising fuel costs, with pain likely to spread further over time.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Ajay Seth says India will curb inflation and protect growth as global pressures mount

Ajay Seth says India will curb inflation and protect growth as global pressures mount

Department of Economic Affairs Secretary Ajay Seth said monetary and fiscal authorities are taking steps to moderate inflation despite domestic and global headwinds. He stressed that policy action is being calibrated to control price pressures while keeping growth momentum intact. Seth framed the approach as “whatever it takes,” signaling continued coordination to balance inflation containment with economic expansion.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RBI rate cuts face a new threat as Iran War costs spike India inflation

RBI rate cuts face a new threat as Iran War costs spike India inflation

Escalating fallout from the Iran War is complicating the RBI’s rate-cut plans. War-driven inflation is rising alongside growing subsidies and fiscal strain, while bond yields climb and oil shocks are still spreading. With inflation pressure building even as growth risks mount, the RBI may face a harsher tradeoff: cushion the economy or keep inflation in check.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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