Fiscal federalism, efficiency versus equity concerns, Pg6
16th Finance Commission's recommendations prioritize efficiency over equity, raising concerns about widening regional disparities and federal balance in India.
Explore UPSC Current Affairs articles related to Government Budgeting.
16th Finance Commission's recommendations prioritize efficiency over equity, raising concerns about widening regional disparities and federal balance in India.
Finance Minister tables Taxation Laws (Amendment) Bill 2026 in Lok Sabha, offering tax concessions to attract global capital and boost domestic manufacturing.
Government proposes major tax relief for offshore funds and electronics contract manufacturing, extending exemptions until 2040-41 to attract foreign investment.
Global health aid cuts and rising debt strain LMIC health budgets; article urges better spending, strategic investments, and governance for robust public health systems.
Union Government releases ₹1.09 lakh crore advance tax devolution to states on August 1, 2026, boosting capital and developmental expenditure across India.
Finance Ministry warns rising global crude oil prices could strain India's fiscal and current account deficits, and fuel inflation, despite resilient economic fundamentals.
Education's share in Union Budget halved over 12 years amidst NEET leak protests, raising concerns over government priorities and accountability.
Cabinet greenlights Rs 1.27 lakh crore Semiconductor Mission 2.0, boosting chip supply chain and mobile manufacturing, aiming for global leadership by 2035.
India's retail inflation surges to 4.4% in June, breaching RBI's 4% target, driven by escalating food and fuel costs amid West Asia crisis and weak monsoon.
Government defends E20 ethanol blend, citing logistical hurdles, while approving 8.25 million tonnes of strategic petroleum reserves to bolster energy security.
India's 2026-27 GDP growth projected at 6.6%, navigating West Asia truce, El Niño, and 90% crude import dependence.
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