Since the 14th Finance Commission recommended that no new state should be accorded the SCS, the central government has repeatedly denied their demands.

 

With a coalition government at the Centre, the call for special category status (SCS) for Andhra Pradesh and Bihar has only got louder. …

The Special Category states receive special financial assistance and other benefits from the central government due to their unique developmental needs and challenges.

 

The clamour for the ‘Special Category Status’ for Bihar and Andhra Pradesh came back into the spotlight after the Janata Dal (United) …

Interview with Dr Lekha S. Chakraborty 

 

(Professor and Chair, NIPFP NET-Website Committee, National Institute of Public Finance and Policy, New Delhi & Research Faculty Associate, The Levy Economics Institute of Bard College, New York)

 

In the Gender Kaleidoscope segment in Pragati, …

The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26 .

 

Against …

Against the backdrop of geopolitical uncertainties and war, the finance minister has strictly adhered to the macroeconomic stabilization function of the government in the interim budget 2024, with fiscal deficit-to-Gross Domestic Prod- uct (GDP) ratio pegged at 5.1% in FY25. She announced that the revised estimate of fiscal deficit-GDP …