Image for representation purpose only. Under MYT, the electricity supply tariff for three years would be predetermined through projections based on previous trends After announcing in 2023 its intention to implement a multi-year tariff (MYT) system in the State from the Financial Year 2024–2025, the Karnataka Electricity Regulatory Commission (KERC) decided to drop it for … Read more
Athletes practicing in Mangala stadium amidst rain in Mangaluru. The coastal districts of Karnataka received rainfall in the last 24 hours. | Photo Credit: MANJUNATH HS With delayed monsoon and deficit rainfall across Karnataka, the government is gearing up to declare the State as drought-hit. Speaking to reporters in Bengaluru on June 19, Revenue Minister … Read more
The issue is not about money but the damage to postal department’s reputation, says Central government senior panel counsel | Photo Credit: File Photo Trust deficit is an incurable ailment. In rural areas, the money saved by the villagers may be smaller in quantum but the trust they repose on banks and post offices is … Read more
A teenager’s mum believes he would never have taken his own life if the right help was available. Source link
Last week’s Union budget for 2021-22 targets a fiscal deficit of 6.8%. It might sound counterintuitive, but this target is too conservative. With GDP growth projected to be 14.4% as the economy rebounds from the Covid-19 economic shock, India has a rare opportunity to run a larger fiscal deficit without pushing the debt-to-GDP ratio higher. … Read more
Wider fiscal deficits and a more gradual pace of consolidation will lift the Indian government’s debt and pressure its sovereign ratings, Fitch Ratings said, cautioning that the fiscal firepower is limited due to a high debt ratio. Finance Minister Nirmala Sitharaman said the current year fiscal deficit will touch 9.5% of GDP, much higher than … Read more
India has for long grappled with the issue of reducing its fiscal deficit or the difference between the government’s total receipts and expenditures for a given financial year. While what makes for an “optimal” fiscal deficit remains a debated matter between fiscal hawks and doves, the figure has been on the downtrend for the last … Read more
Senior Congress leader and former finance minister P Chidambaram on Monday criticised the Centre over the ongoing GST compensation issue. While 20 states have agreed to the Centre’s proposed borrowing mechanism to meet the shortfall, several opposition-ruled states are expected to object to it at the 42nd GST Council meeting today. The meeting has already … Read more