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Government think tank Niti Aayog on Wednesday urged state governments to adhere to fiscal deficit norms under the FRBM Act through disciplined expenditure management, broadening the GST base, and enhancing their own tax capacity. The Fiscal Responsibility and Budget Management (FRBM) Act aims to regulate the country's debt level by restricting fiscal and revenue deficits as a percentage of GDP. Niti Aayog's 2026 Fiscal Health Index (FHI) for 2023-24 suggests that states with widening revenue deficits should prioritise aligning revenue expenditure with sustainable revenue growth. Odisha, Goa, Jharkhand, Gujarat, Maharashtra Chhattisgarh, Telangana, Uttar Pradesh, Karnataka and Madhya Pradesh have emerged as India's top 10 fiscally-wise states, according to the latest fiscal health index for the financial year 2023-24. Bihar, Karnataka and Telangana showed a mild recovery, whereas Punjab, West Bengal and Kerala remained at the bottom of the index. In the FHI of 2025, which ranked st
While artificial intelligence (AI) would provide unprecedented impetus to global productivity, the technology could also widen inequalities around the world if not used for the benefit of people, former NITI Aayog CEO Amitabh Kant said on Thursday. "We need a digital public infrastructure (DPI) for AI; the technology must be provided to researchers and startups, used for betterment of society and towards sustainability, and for better inputs for climate research," Kant said in his address at the World Sustainable Development Summit organised by The Energy and Resources Institute (TERI) here. "If this doesn't happen then AI is not fit for purpose," he asserted. The former G20 Sherpa of India also highlighted the immense power requirements of AI -- one of its biggest drawbacks. "AI is an energy guzzler. Today, the technology consumes more energy than the whole of Japan," he said. Research has shown that to train a large language model (which understand and generate human language b