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Why cutting share of states to fund defence is a bad idea

The shift in the fiscal centre of gravity means that things that constrain states’ finances would worsen the slump.

current fiscal

Sep 18, 2019, 04.21 AM IST

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CURRENT FISCAL

India's current account under threat if oil surge continues: RBI

Das said it was important to see whether alternative sources of supply come up and how soon the installations take to resume operation.

View: States outspend the Centre; crippling their fiscal capacity will harm the economy

The shift in the fiscal centre of gravity means that ...

Supreme Court responsible for current slowdown in India: Senior lawyer Harish Salve

Salve said the apex court knocked out billions of dollars...

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