Chennai, June 19 (IANS) K. Annamalai on Friday said the White Paper released by the TVK government on Tamil Nadu’s finances has laid bare the extent of fiscal deterioration over the past five years and underscored the need for immediate corrective measures to restore the state’s financial health.In a statement issued after reviewing the document, Annamalai said the findings contained in the White Paper came as no surprise, as many of the issues highlighted have already been known to economis…
Latest Fiscal Sustainability News & Updates
New Delhi, April 12 (IANS) As central government employees and pensioners await the rollout of the 8th Pay Commission, expectations around salary and pension hikes are steadily building across the country. Key aspects such as the fitment factor, implementation timeline, likely pay revisions, and arrears continue to remain at the centre of discussions amid ongoing uncertainty.The 8th Pay Commission is expected to recommend revisions in salaries, pensions, and allowances for central government emp…
Washington, Jan 13 (IANS) The global economy is showing greater resilience than expected despite historic trade tensions and policy uncertainty, with growth projected to remain broadly steady over the next two years, the World Bank said on Tuesday.In its latest Global Economic Prospects report, the World Bank said that global growth is projected to ease to 2.6 per cent in 2026 before edging up to 2.7 per cent in 2027, an upward revision from earlier forecasts.The stronger-than-anticipated perfor…