Is Orissa India’s Best Fiscally Managed State?

Orissa has been a chronically poor state.  In 2004-05, 57.2% of people in Orissa were poor. In the decade up to this year, or from 1994-95, the decline in poverty was just about 2.9 percentage points.   But fortunes have shifted remarkably since. Between 2004 and 2010, Orissa recorded a 20.1% decline in poverty as … Continued

Meet India’s Chronic Over Spenders

It’s not exactly breaking news but a closer look at how various Indian states are managing their budgets is insightful.   IndiaSpend’s Dhritiman Gupta finds that many Indian states spend more than what they earn, hence consistently running deficits on the revenue account, which then have to be financed by loans.   The states can … Continued

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

A Dog’s Life

When it comes to Government, even a dog’s life can get a little better. The Biju Patnaik airport at Bhubaneshwar has invited tenders for the construction of dog kennels. The tenders closed this week so you might be a little late. Nevertheless, it’s worth knowing what the Government’s canine economics look like. The size of … Continued