Shimla, March 26 (IANS) Himachal Pradesh Bharatiya Janata Party (BJP) MP and former Union Minister Anurag Thakur, on Thursday, launched a sharp attack on the Congress government in the state, saying that the party, which came to power in 2022 on the basis of tall poll promises and “10 guarantees”, has completely failed to deliver even a single commitment. The BJP leader said that the Congress government has instead continuously burdened the people with rising taxes and inflation.He added that th…
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New Delhi, March 24 (IANS) The Asian Development Bank’s $10 billion credit to Pakistan till 2030 signalled continued multilateral confidence, but underscores the country’s heavy reliance on external support and the urgent need for structural reforms to solve institutional challenges, as per a media report.The editorial from Dawn highlighted that capital inflows alone cannot fix “institutional challenges.””The focus on integrated solutions by combining policy reforms with financing and technica…
New Delhi, March 21 (IANS) The Asian Development Bank’s (ADB) announcement of a $10 billion credit for Pakistan over five years highlights the country’s continued reliance on external funding even as its peer nations grow out of such dependencies, a new report has said.”Experts have noted that countries once considered Pakistan’s peers are now able to self-finance growth, while we need to borrow to pay for basic infrastructure development,” the report from The Express Tribune noted.The finan…
Mumbai, March 13 (IANS) The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Friday issued a sharp criticism of the Devendra Fadnavis government, alleging that the Chief Minister is creating false illusions by asserting that Maharashtra’s economy is robust, and that within the next three years, the state will emerge as the nation’s first ‘trillion-dollar’ economy.”However, the public knows these bubbles are hollow. Remember, when the time comes, the people themselves will prick these bubbles,” the …
Mumbai, March 10 (IANS) In a scathing critique during the Legislative Assembly’s budget discussion, senior NCP (SP) legislator and former Finance Minister Jayant Patil on Tuesday dismantled the state government’s fiscal road map, labelling the 2026-27 budget as a “document of deception.”Patil argued that the government’s rhetoric of making Maharashtra a $5 trillion economy by 2047 is mathematically impossible at current growth rates and warned that the state is hurtling toward a “liquidity cru…
New Delhi, March 7 (IANS) Delhi BJP President Virendra Sachdeva on Saturday condemned Aam Aadmi Party’s city convenor Saurabh Bharadwaj for making a “baseless” allegation against the Delhi government over management of a Rs 1,000 crore loan.Sachdeva said that for state governments, taking loans either from the Central government, the Reserve Bank of India, or from financial institutions or the open market with the RBI’s permission for long-term or short-term needs is a normal administrat…
New Delhi/Bengaluru, March 6 (IANS) Union Minister for Food, Consumer Affairs and Public Distribution Pralhad Joshi has criticised the 17th Budget presented by Chief Minister Siddaramaiah, stating that its only distinction is its large size of Rs 4.48 lakh crore while also setting records in terms of rising state debt and fiscal deficit, and appearing to be driven by “vote bank” considerations.Reacting to the Karnataka government’s Budget for 2026–27, Joshi said on Friday that instead of…
Bengaluru, March 6 (IANS) Leader of the Opposition in the Karnataka Legislative Assembly and senior BJP leader R. Ashoka on Friday criticised the State Budget presented by Chief Minister Siddaramaiah, alleging that it imposes a massive debt burden on the people of the state while offering little in terms of real development.Speaking to reporters, Ashoka said the Chief Minister has pushed Karnataka into unprecedented levels of debt.“Including this Budget, the Siddaramaiah government has accumul…
Mumbai, March 5 (IANS) Maharashtra’s public debt is set to climb to a staggering Rs 9.32 lakh crore in 2025-26, even as the state projects a strong 7.9 per cent economic growth that edges past the national forecast, according to the pre-budget Economic Survey presented in the Maharashtra Assembly on Thursday.Minister of State for Finance, Ashish Jaiswal, tabled the document, which paints a picture of robust expansion fueled by impressive GST inflows and buoyant market sentiment, while underscori…
Dhaka, Feb 16 (IANS) At least 236 of the newly elected MPs in Bangladesh’s 13th Parliamentary election are millionaires, while nearly half are set to enter Parliament carrying significant debt, local media reported on Monday, citing the anti-graft watchdog — Transparency International Bangladesh (TIB).Addressing a press conference in Dhaka on Monday, TIB researcher Mohammad Touhidul Islam unveiled a study titled ‘Thirteenth National Parliament Election Process and Affidavit-Based Observation’, …