Try GOLD - Free
Delhi, Punjab, Kerala, Puducherry spend more on day-to-day expenses
The Sunday Guardian
|December 22, 2024
Populist schemes such as free electricity, free transport, and monetary assistance programs are impacting the financial health of States and reducing their ability to invest in critical infrastructure, according to the Reserve Bank of India's (RBI) latest report.
-
It said, "Several States have announced sops pertaining to farm loan waiver, free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women in their Budget for 2024-25." The report highlighted that in the 2024-25 Budget, several States announced various populist measures while these measures aim to provide immediate relief to targeted groups, they significantly strain State finances, the RBI warned.
"Such spending could crowd out the resources available with them and hamper their capacity to build critical social and economic infrastructure," the report noted.
This story is from the December 22, 2024 edition of The Sunday Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Sunday Guardian
The Sunday Guardian
SETBACKS IN JHARKHAND, MP EXPOSE CHINKS IN CONGRESS’ ALLIANCE MANAGEMENT
With the BJP facing severe criticism for engineering defections from opposition parties—including the Trinamool Congress, Shiv Sena (UBT), and Aam Aadmi Party (AAP)—to bolster its numbers in the Lok Sabha and Rajya Sabha ahead of the Monsoon Session, the Congress is prepared to challenge the government on issues such as delimitation and the Women's Reservation Bill.
3 mins
June 21, 2026
The Sunday Guardian
TMC's old guard starts deserting Mamata
Leaders who have been with her since the Trinamool Congress’ early years are walking out, defecting, etc.
4 mins
June 21, 2026
The Sunday Guardian
Scientists reprogram brain immune cells to fight Alzheimer’s
A newly discovered molecule, OLE, restored the brain's immune cells to a more protective state in Alzheimer’s disease models.
2 mins
June 21, 2026
The Sunday Guardian
Iran-US deal may not survive contact with reality
The framework looks promising on the surface. Scratch it, and the cracks run deep.
4 mins
June 21, 2026
The Sunday Guardian
Delhi’s slum policy plans to benefit four lakh families
Delhi’s newly finalised Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026, marks one of the most ambitious attempts in recent years to restructure housing for the capital’s informal settlements.
2 mins
June 21, 2026
The Sunday Guardian
The age of sovereign AI has arrived
India has also recognised that AI cannot be separated from semiconductors. Every AI model ultimately depends upon advanced chips.
5 mins
June 21, 2026
The Sunday Guardian
Kamakhya temple prepares for Ambubachi Mela, will celebrate the divine feminine
As lakhs of devotees prepare to gather on Nilachal Hill in Assam, the ancient Kamakhya Temple is gearing up for one of India’s most distinctive spiritual events: the Ambubachi Mela.
3 mins
June 21, 2026
The Sunday Guardian
Trump-Modi meet: Don't get lost in the flurry of compliments
The inclusion of India in the list of countries to be investigated by the USTR under Section 301 does not augur well.
4 mins
June 21, 2026
The Sunday Guardian
INDIA TO HOST BRICS NSA MEET FROM JUNE 22
India will host the BRICS National Security Advisers’ Meeting on June 22 and 23, with National Security Adviser Ajit Doval chairing the deliberations, the Ministry of External Affairs (MEA) announced on Saturday.
1 mins
June 21, 2026
The Sunday Guardian
Living Vedanta 8
Live in the world as masters of Ananda, not as beggars of Ananda.
1 mins
June 21, 2026
Listen
Translate
Change font size