India’s 10 Most Indebted States

Debt is not bad. Many firms raise large chunks of it in their growth and expansion phases. Some ease out of it with time. Others struggle. But while the stakeholders – banks, financial markets and shareholders – can technically put pressure on a firm to course-correct, it’s not the same or as simple with the … Continued

Can High Social Spends Save Bihar: The 2012 Budget

Bihar’s citizens may be lagging their cousins in many other states but the state’s balance sheet is in good order.   IndiaSpend’s Dhritiman Gupta  takes a close look at Bihar’s Budget figures for 2012-13 and finds that the state’s social sector spends are rising sharply even as its overall debt is in better shape than … Continued