The Asian Development Bank cautioned Asian governments to avoid broad fuel subsidies and excise duty cuts, saying higher crude oil prices could widen fiscal stress. It recommends targeted cash transfers for vulnerable households and stronger investment in green energy. The ADB also urges central banks to track inflation expectations carefully before tightening monetary policy.
Under the SASCI scheme, India’s states have pushed capital expenditure to about 2.7% of GDP, but the rollout of central loans remains uneven. Madhya Pradesh and Maharashtra are using funds more aggressively, while Kerala and Telangana lag. Analysts point to fiscal constraints and structural differences as key reasons for the gap in uptake.
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