The Reserve Bank of India expressed concerns over states’ rising spending on subsidies like farm loan waivers and freebies, impacting funds for infrastructure and development. State subsidies have surged, with revenue expenditure exceeding capital outlay in several states. While overall fiscal consolidation efforts are positive, RBI emphasizes the need for prioritizing capital expenditure for long-term growth.
Flagging farm loan waivers, cash transfers, other sops, RBI says rationalise subsidies
Categories:
Related Post
Identify ‘illegal’ madrassas, track down their funding, Uttarakhand cops toldIdentify ‘illegal’ madrassas, track down their funding, Uttarakhand cops told
Uttarakhand state police are to identify and verify ‘illegal madrassas’ following the CM’s orders. Local intelligence units will gather data on their legitimacy and funding, compiling lists for the minority
Dozens of cats in Iowa rescued from van amid heat wave after living in ‘heartbreaking’ conditionsDozens of cats in Iowa rescued from van amid heat wave after living in ‘heartbreaking’ conditions
Over two dozen cats were left in a sweltering van in Iowa for hours before being rescued by police and animal rescue services. The Animal Rescue League of Iowa (ARL)
India to seek early adoption of climate finance definitionIndia to seek early adoption of climate finance definition
India is set to advocate for transparent climate finance definitions at COP29, emphasizing the need for predictable funding mechanisms. The nation will prioritize the principles of the UN Convention and