Kerala Budget 2012: Nearly Bankrupt But High Education Spends

Kerala, the original claimant to the catchphrase – God’s own country – is an interesting bundle of contradictions. It’s the most literate state in the country but has very high unemployment. Its finances are in a mess with salaries & pensions eating up almost 80% of its own revenues. And yet, as IndiaSpend’s Dhritiman Gupta … 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

West Bengal & Andhra Pradesh: A Story of Fiscal Contrasts

While the Union Budget is the mother of all, it is now evident the State Budgets in combination or independently have a considerable direct impact on citizens. Particularly when one is in reasonable financial shape and the other is not, or is compelled by politics to keep prices or taxes down.   With more States … Continued

Where Are Tamil Nadu’s Colour TVs?

India’s southern state of Tamil Nadu has been a pioneer of sorts in entertaining its voters, by giving away free television sets. The last scheme, initiated by the then ruling DMK party,  started in 2006 and aimed to distribute some 15 million colour television sets to as many households. It now turns out that the … Continued

Poor Mr Narayana Murthy!

The bountiful state of Karnataka has some 13 million households as per the census rolls. It would stand to reason that poor families (who need subsidised food grain) constitute a percentage of this figure. Actually, the figure is over 100%. Put another way, there are almost 15 million households which classify as poor and thus … Continued