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. What are the important decisions taken during the GST Council’s 45th meeting? Concessional rates for Essential medicines: The council extended concessional rates for several drugs, such as Remdesivir, used to treat Covid-19. It also reduced duty… 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

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), 2021. The last DFPDS was released in 2016. Under this order, new rules have been released to enhance the delegation of revenue procurement powers for the Army,… 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. Introduction Recently, TN released a white paper that talked about the state fiscal condition is not good and the state is in deep debt. This document blamed the Central government and previous state government policies for the present condition. How has Fiscal federalism changed over… 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

Caste based census in India – Explained, pointwise

Introduction At the recently concluded Parliament session, there was a demand to lift the 50% cap on reservation imposed by the Supreme Court through the legislative route. With the 2021 Census coming up, several political parties have demanded a nationwide caste census. On the other hand, the Ministry of Home Affairs has said that the… Continue reading Caste based census in India – Explained, pointwise

Fourth edition of dragonfly census across Delhi-NCR

Source: TOI 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. Aim: To spread awareness about the importance of the Dragonfly… Continue reading Fourth edition of dragonfly census across Delhi-NCR