The spending plan for the fiscal year that begins July 1 is Newsom's last as governor and comes as state finances are buoyed by an artificial intelligence boom fueled by home-state companies
Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April
Today's opinions examine monsoon uncertainty, RBI's NBFC framework, worsening state finances, Donald Trump's economic approach and the future of modern feminism
On the utilisation of available resources, stress in state finances can be reflected in the extent to which states are utilising their fiscal deficit to finance the revenue deficit
The TVK government's white paper said Tamil Nadu added Rs 4.87 trillion in debt over five years, while total liabilities, including guarantees and off-budget borrowings, reached Rs 13.8 trillion
The CAG's review of state finances showed 18 states exceeded the 3 per cent fiscal deficit ceiling in FY25, while combined state liabilities continued to rise over the decade
ICRA says states increased use of the RBI's Special Drawing Facility in FY26, while reliance on Ways and Means Advances and overdraft facilities fell to five-year lows
From Bharti Airtel's succession planning and AI-driven cyber risks to the economic fallout of the West Asia conflict and India's investment needs - here are today's top opinion pieces
As cash-transfer politics becomes embedded in elections, the bigger challenge for states may lie not in announcing welfare promises, but in sustaining them fiscally
Crisil says expanding cash transfer schemes are supporting low-income households, but rising state borrowing and fiscal pressures could challenge their long-term sustainability
Audit flags over Rs 5,000 crore unpaid PSU dividends and weak budget utilisation, raising concerns over fiscal oversight and revenue mobilisation in Odisha
More than Rs 43,000 crore remains unutilised in states' SNA accounts under major centrally sponsored schemes, even as Budget sharply raises allocations for education, water and nutrition programmes
A World Bank report to the 16th Finance Commission says state fiscal rules improved headline deficits, but debt levels remain high and uneven across several large states
Economists warn that removal of revenue deficit grants could hurt fiscally weak and hill states, forcing them to seek alternative support from the Centre
Opposition parties, including ruling dispensations in poll-bound West Bengal, Kerala, Tamil Nadu, said the Budget fails on economic strategy, worsens fiscal stress on states, and undermines federalism
