Economy

The capex fault line running via Indian states: Odisha leads, Punjab lags

While Odisha commits 6.5% of its economic output to infrastructure, Punjab and Kerala are trapped by welfare and interest bills

Telangana on course for $1 trillion economy by 2034: CM A Revanth Reddy

CM A Revanth Reddy says Telangana is on track for a $1 trillion economy by 2034, backed by major infrastructure projects, investment, skilling and fiscal discipline

State stats: Handouts, pension scheme fuel state revenue deficit worries

High revenue deficit tells us that the governments borrow from the markets just to meet their current expenditure and do not generate assets

Development work will respect legal safeguards, says Chhattisgarh CM

Vishnu Deo Sai said that the state has received investment proposals worth over ₹8 trillion, expanded exports, promoted crop diversification, undertaken power sector reforms

Rich states pull ahead in tax self-reliance; Haryana tops, Bihar trails

Regions trailing in own tax revenue remain heavily dependent on central funds as the fiscal divide widens

Subsidy burden rises to ₹4.4 trn but moderating as states curb spending

States spent as much as 8.6 per cent of their revenue receipts on subsidies in FY18. Such spending rose to 9.4 per cent in FY21 and to 10.8 per cent in FY25

16th Finance Commission urges states to boost revenues, cut spending

The commission did not recommend revenue deficit grants to states or any sector-specific or state-specific grants

States up spending but get uneven results in health and education

Per-capita deficit and infrastructure gaps mean increased budgetary allocations are failing to deliver development targets

States' fiscal math in the age of 'freebies': Stable, but strains remain

While aggregate finances remain stable, high debt and welfare handouts weigh on some budgets

Sikkim tops per capita income rankings, Bihar remains poorest state

The top four - Sikkim, Goa, Delhi and Chandigarh - and the bottom four - Bihar, Uttar Pradesh, Jharkhand and Manipur - have consistently held their positions for the past 10 years

Bhajan Lal Sharma's big build: Reshaping Rajasthan through infrastructure

Bhajan Lal Sharma discusses investment conversion, ease of doing business, tourism, fiscal discipline and his government's vision for a developed Rajasthan

India's energy intensity falls 30% since 1991, easing oil shock risks

This means that while the economy may use larger amounts of energy on an absolute basis as it grows, it is now generating more output per unit of energy consumed than before

Dharavi redevelopment project: Maharashtra steps up land consolidation

Maharashtra has stepped up land consolidation for the Dharavi Redevelopment Project, issuing lease termination notices while assuring rehabilitation for eligible residents

Centre waives Customs duty on charger parts and battery machinery

Duty exemptions on display assembly and wireless charging components, along with expanded relief for lithium-ion cell machinery, aim to boost domestic manufacturing and value addition

India to import uranium from Australia under nuclear deal, deepen ties

Both nations announce 18 outcomes, to deepen defence and maritime security cooperation

Montek Singh Ahluwalia urges states to ease retrenchment ceiling

Former Planning Commission Deputy Chairman Montek Singh Ahluwalia urged states to liberalise retrenchment norms and cut duties on industrial inputs to strengthen manufacturing competitiveness

CBDT to reflect foreign financial information in AIS, Form 26AS under AEOI

The tax department will upload foreign financial information received under international information-sharing agreements into taxpayers' AIS and Form 26AS to improve transparency and compliance

India, Aus deepen energy ties, operationalise civil nuclear cooperation

The two countries finalised arrangements for long-term Australian uranium exports to India and expanded cooperation in critical minerals, mining, renewable energy and energy security

ADB cuts India's FY27 GDP growth forecast to 6.6%, cites West Asia tensions

The Asian Development Bank lowered India's FY27 growth forecast to 6.6 per cent, citing higher energy prices amid West Asia tensions, while retaining its FY28 projection at 7.3 per cent

AI real threat to GCCs handling low-cost, repetitive work: CEA Nageswaran

Highlighting the evolution of India's GCC ecosystem, the CEA said multinational companies initially came to India for lower costs but stayed because of the country's capabilities