Dear Prudence is Slate’s advice column. I don’t think you should skip the Christmas visit, but it’s worth sending your sister an email or a text ahead of time that expresses 1) how important it is to you to be getting together for the holidays, 2) how much you respect the choice she has made to build a happy, healthy …
The Chandrababu Naidu-led National Democratic Alliance government in Andhra Pradesh, which assumed office in the second quarter of 2024-25, has presented a Rs 2.94 lakh crore budget, reducing the extraordinary emphasis on welfare schemes and sops by the earlier Yuvajana Sramika Rythu Congress Party regime of Y.S. His government targeted the previous YSRCP regime for “destroying the financial conditions of …
Government expenditures exceeding revenue by a high margin can lead to a difficult situation. In the 1980s, rising fiscal deficit accompanied by rising government debt led to a difficult balance of payments situation and a high ratio of interest payment to revenue receipts. With these levels of fiscal deficit in two consecutive years, the Centre’s debt-GDP ratio is estimated at …
Days after chief minister Bhagwant Mann shared details of debt raised by his government and its utilisation, Punjab governor Banwarilal Purohit shot off another missive to him on Tuesday, raising questions over the state government’s fiscal management, lack of transparency and diversion of funds meant for capital expenditure for “undisclosed purposes”. Chief minister Bhagwant Mann and governor Banwarilal Purohit have …
The Gujarat High Court on Monday held that writ courts exercising jurisdiction under Article 226 of the Constitution cannot sit in the armchair of financial experts and decide matters of business prudence. A Division Bench of Chief Justice Aravind Kumar and Justice Ashutosh J. Shastri added that interference in financial and banking matters would only be called for if the …