Kohima, March 26 (IANS) Nagaland Chief Minister Neiphiu Rio on Thursday said that the state budget for the 2026-27 fiscal serves as a road map for inclusive, sustainable, and growth-oriented development, aligned with the vision of a ‘Developed Nagaland by 2047’.After presenting the budget for the ensuing financial year (2026-27) during the Phase-II of the 8th session of the Nagaland Assembly, the Chief Minister explained that the delay in its presentation was due to the discontinuation of Revenu…
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New Delhi, Feb 11 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that the total resources to be transferred to the states, including the devolution of state share in taxes and releases that are made under the centrally sponsored schemes in the Budget for 2026-27 is estimated to be Rs 25.44 lakh crore, which is a Rs 2.7 lakh crore increase compared to 2025-26. Speaking in the Lok Sabha, she refuted the Opposition charge that the Centre has reduced the transfer of resources to the st…
New Delhi, Dec 25 (IANS) Apex business chamber CII on Thursday proposed a four-pronged fiscal strategy ahead of the Union Budget 2026-27 that includes debt stability, fiscal transparency, revenue mobilisation and expenditure efficiency.According to a CII statement, at the core of the roadmap is adherence to the government’s debt glide path targeting 50 per cent (plus or minus 1 per cent) of GDP by FY31. Maintaining Central debt at roughly 54.5 per cent of GDP and the fiscal deficit at 4.2 per …