State finances: Salaries, pensions and interest expenditure rises 2.5 times in 10 years; subsidy outlay triples
A recent CAG report reveals that states’ committed expenditures, including salaries, pensions, and interest payments, have surged significantly in the last decade, straining state budgets. ...
Third upgrade in 2025! Japan’s R&I raises India’s sovereign rating to BBB+; cites strong growth outlook and fiscal discipline
Rating and Investment Information, Inc. (R&I) has upgraded India’s long-term sovereign credit rating to ‘BBB+’ with a Stable Outlook, marking the third upgrade in 2025. ...
