Fiscal Health Index 2026 by NITI Aayog ranks Indian states on revenue, expenditure, debt, and sustainability. Learn top-performing states and fiscal management insights for exams. NITI Aayog Releases Fiscal Health Index 2026 to Measure States’ Financial Strength Introduction to Fiscal Health Index 2026 The National Institution for Transforming India (NITI Aayog) has released the Fiscal…
Delhi RBI MoU ensures Delhi Government finances are managed under RBI framework, enabling lower borrowing costs, professional cash management, and better fiscal planning. Delhi Government Brings Finances Under RBI Framework with Historic MoU The Delhi Government has signed a landmark Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI), bringing the national capital’s…
Arunish Chawla Appointed as New Revenue Secretary in Finance Ministry IntroductionArunish Chawla, an experienced IAS officer of the 1992 Bihar cadre, has been appointed as the new Revenue Secretary in the Ministry of Finance. This appointment is pivotal in the government’s ongoing efforts to streamline revenue collection, tax administration, and fiscal policy implementation. Chawla replaces…
India’s Fiscal Deficit Declines to 8.1% of Full-Year Estimate in Q1 FY25 Overview of the Decline India’s fiscal deficit for the first quarter of FY25 has shown a significant reduction, reaching 8.1% of the full-year estimate. This development is notable as it reflects a positive shift in the country’s economic management. The fiscal deficit for…
Robust Fiscal Management: Centre and States Maintain Sub-7% GDP Fiscal Deficit Fiscal management remains a critical factor in sustaining a stable economic environment, especially amidst global uncertainties. Recent reports reveal a commendable feat by both the Centre and various states in maintaining a fiscal deficit below 7% of the Gross Domestic Product (GDP). This development…
October Gross GST Collections Reach ₹1.72 Lakh Crore The Goods and Services Tax (GST) is an essential component of India’s fiscal landscape, and it often finds its way into government exams for various positions, including teachers, police officers, banking, railways, defense, and civil service positions like IAS. In October, India’s gross GST collections reached an…
India’s Net Direct Tax Collections Surge by 21.8%, Surpassing Half of Budget Projections India’s economic landscape has been experiencing significant changes, especially in the realm of tax collections. In recent news, the country’s net direct tax collections have seen an extraordinary surge, exceeding even the most optimistic expectations. This article delves into the details of…
India’s Fiscal Deficit Reaches 36% of FY Target in August India, like many nations, grapples with the challenge of managing its fiscal health while striving for economic growth and development. In the pursuit of striking a balance, the country closely monitors its fiscal deficit, a key economic indicator reflecting the gap between government spending and…
