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.
A seemingly light campaign moment during PM Narendra Modi’s West Bengal trail has morphed into a fiscal worry. Economists say election results have accelerated costly welfare promises that could add about Rs 1.69 lakh crore to already strained state finances, raising concerns over budget stress, funding gaps, and long term sustainability.
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India’s GST collection for November has reached Rs 1,45,867 crore, up 11% year-on-year. The Centre transferred Rs 33,997 crore to CGST and Rs 28,538 crore to SGST from IGST through regular settlements. After these transfers, Centre and States recorded Rs 59,678 crore in CGST and Rs 61,189 crore in SGST, alongside Rs 17,000 crore released as GST compensation to States and UTs.
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