News: 15th Finance commission recommended a health grant of 70,000 crore which is to be released over the next 5 years. Out of this nearly 8000 crore was released to urban and rural local bodies. This would be 2.3% of the total health expenditure. This has the potential of having a huge impact on health… Continue reading Small grant but a big opportunity for local bodies
Tag: fiscal federalism
The state of states: On lack of data on state’s finances
Source: This post is based on the article “The state of states” published in Business Standard on 13th October 2021. Syllabus: GS3 – Indian Economy and issues relating to Planning, Mobilization of Resources Relevance: Significance of data on states’ finances Synopsis: Data of the Union Govt’s finances is made available at the end of every… Continue reading The state of states: On lack of data on state’s finances
Regaining fiscal balance
Synopsis: The advance tax numbers suggest growth in revenue collection continues to remain strong. However, Central government finances would need careful management. Introduction In the current financial year, the fiscal position has improved significantly and the recovery in revenue collection has surprised many. By July-end, the government collected revenue worth over 37% of its Budget… Continue reading Regaining fiscal balance
Structural changes in GST
Synopsis: Several important decisions taken during the Goods and Services Tax (GST) Council’s 45th meeting in Lucknow last week. Contents1 What are the important decisions taken during the GST Council’s 45th meeting?2 Why the compensation won’t be extended beyond 2022?3 What is the reason for low revenue collection?4 What are the impacts of low revenue… Continue reading Structural changes in GST
There finally seems to be a path forward for GST. Centre and states must strike bargain
Synopsis: After one and a half years of dispute, and with the economy showing signs of recovery, a path forward for the GST finally seems visible. This opportunity needs to be seized What has set back the GST for the past year and a half? Lack of revenues: In 2016-17 the various taxes that were… Continue reading There finally seems to be a path forward for GST. Centre and states must strike bargain
New rules to reform financial powers of armed forces
Contents1 What is the news?2 What do the new rules say?3 How armed forces acquire capital assets?4 What is the primary objective behind delegation of financial powers? What is the news? In order to address operational needs of the armed forces, Defence Minister has released order on Delegation of Financial Powers to Defence Services (DFPDS),… Continue reading New rules to reform financial powers of armed forces
Non Binary genders need more visibility in India’s Census 2021
Synopsis: Separating sex and gender in the country’s biggest socio-economic survey is necessary. Introduction Census data is important as it acts as a base for many other surveys in the country. This is because the census data is a better enumeration of categories of gender. But still, the Census is far from perfect. About the… Continue reading Non Binary genders need more visibility in India’s Census 2021
Grow up, states: CMs should know central resource transfer won’t go up. They must fix their own finances
Synopsis: States have no option but to be fiscally aatmanirbhar. Contents1 Introduction2 How has Fiscal federalism changed over time?3 What is the issue between Centre and States?4 What should be the way forward for the states? Introduction Recently, TN released a white paper that talked about the state fiscal condition is not good and the… Continue reading Grow up, states: CMs should know central resource transfer won’t go up. They must fix their own finances
Why a Caste Census is needed-and why it may not see light of the day
Synopsis: Although caste-based census would provide up-to-date data to calibrate reservation, it also threatens social justice as it can roll back the discrimination regime. Introduction Recently, the Indian Parliament passed the 127th Constitution Amendment Bill, 2021. It overrides the Supreme Court’s (SC) interpretation of the 102nd Constitutional Amendment. SC judgment in the Maratha case had… Continue reading Why a Caste Census is needed-and why it may not see light of the day
Fourth edition of dragonfly census across Delhi-NCR
Source: TOI Contents1 What is the News?2 DragonFly Census 2021:3 Dragonfly4 Bioindicators: What is the News? The Fourth Edition of the Dragonfly Census 2021 will start from Delhi-NCR. DragonFly Census 2021: Conducted by: World Wide Fund for Nature(WWF-India) in partnership with Bombay Natural History Society(BNHS), United Nations Environment Programme, Zoological Survey of India and others.… Continue reading Fourth edition of dragonfly census across Delhi-NCR
