Fiscal pressures emerging for several states: RBI
Mumbai, July 12 : Fiscal pressures are emerging for several states on the expenditure side, under committed heads, said a Reserve Bank of India (RBI) report, released here on Thursday.
Entitled "State Finances: A Study of Budgets of 2017-18 and 2018-19", the report is an annual publication that provides information, analysis and an assessment of the finances of state governments.
"Visible fiscal pressures are emerging for several states on the expenditure side, particularly under the committed heads and other state-specific schemes like agricultural debt waivers," the RBI said.
According to the report, in 2018-19, states' revenue capacity is likely to be augmented with the stabilization of Goods and Services Tax (GST) and the consequent expansion of tax base and efficacy.
"With the implementation of the E-way bill for inter-state movement of goods from April 2018, states could also strive for generating more revenues by locking in efficiency in tax administration," the report said.
If the revenue receipts of the states end up again in shortfall relative to budgeted levels, then better fiscal marksmanship and efficiency of expenditure is needed for providing robustness to state finances, it added.
While states' consolidated gross fiscal deficit (GFD) overshot the budget estimates in 2017-18 due to shortfalls in own tax revenues and higher revenue expenditure, for 2018-19, states have budgeted for a correction, mainly emanating from a modest revenue surplus.
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AIMPLB criticises JPC's approach on Waqf Amendment Bill, calls for adherence to guidelines
New Delhi: The All India Muslim Personal Law Board (AIMPLB) has raised serious concerns over alleged procedural violations by the Joint Parliamentary Committee (JPC) reviewing the Waqf Amendment Bill 2024. AIMPLB spokesperson Dr. SQR Ilyas criticised the JPC's approach, describing it as a "transgression of principles" and a breach of constitutional norms.
Dr. Ilyas stated that the JPC should limit consultations to stakeholders directly associated with Waqf matters. However, he claimed the committee is seeking input from organisations that lack relevance, including Central Ministries, the Archaeological Survey of India (ASI), and groups aligned with the RSS.
In recent developments, six opposition members wrote to the Lok Sabha Speaker, expressing dissatisfaction with JPC Chairperson Jagdambika Pal’s conduct, which they allege has hindered fair discussions. This follows an earlier letter by opposition members condemning the chairman's behaviour.
The AIMPLB has demanded that the committee consider objections from AIMPLB and other recognised Muslim organisations, while excluding entities unrelated to Waqf issues. It also urged the JPC to refrain from rushing its report and to follow due process, ensuring thorough debate among members before submission.
