Tag
Fiscal Policy
10 articles
Increased government spending and debt management are key themes shaping India's fiscal landscape. Recent actions include the release of ₹1.09 lakh crore as an advance tax devolution installment to states, aiming to bolster capital and developmental expenditures, and the auction of ₹32,000 crore in dated government securities. Simultaneously, the government is reporting on fund utilization rates for Scheduled Castes welfare programs, indicating progress but also areas for improvement. These developments highlight the government's efforts to stimulate economic activity while managing its debt obligations, potentially influencing investor sentiment regarding India's fiscal health and future growth trajectory.
RBI SGS Auction Raises ₹20,200 Cr
RBI announced the yield/price auction of state securities on Aug 18, 2026 raised ₹20,200 cr, fully subscribed across all states.
Issuances ranged from ₹100 cr (Mizoram) to ₹2,200 cr (West Bengal), wit
India Rural Tribal Welfare Schemes Progress Report
Direct fiscal transfers to gram panchayats increased from ₹2.36 lakh crore to ₹4.35 lakh crore under the 16th Finance Commission.
Rural development budget rose from ₹87,765 crore to ₹2.73 lakh crore a
India Gender Budget Allocation Rises 11.55% to ₹5.01 Lakh Crore
India's Gender Budget allocation increased 11.55% to ₹5.01 lakh crore for FY 2026-27, up from ₹4.49 lakh crore in previous year.
Gender Budget Cells established in 62 Central Ministries/Departments an
RBI Announces Govt Stock Auction Cut‑off Prices
• RBI released auction results for four government securities on August 14, 2026, with total notified amount of ₹32,000 crore.
• Cut‑off yields were 6.20% (New GS 2029), 6.57% (New GS 2033), 7.3523% (
Atmanirbhar Panchayat Programme Launched for Financial Self-Sufficiency
Four-year initiative to make Panchayats financially self-sufficient through Own Source Revenue generation from local assets.
Programme uses open challenge system with 50 projects in Year 1 and 100 ann
Sixteenth Finance Commission Recommends ₹4.35 Lakh Crore RLB Grants
Sixteenth Finance Commission recommends ₹4.35 lakh crore total grants for Rural Local Bodies across 28 states for 2026-31 period.
Grants comprise 80:20 Basic-Performance split, with 50% of Basic Grant
GoI Announces ₹32,000 cr Dated Securities Auction
GoI announced auction of four securities totaling ₹32,000 cr, with ₹11,000 cr for 2029 and 2033 issues and ₹5,000 cr for 2055 and 2056.
Auction via RBI Mumbai office using multiple‑price method; elect
GoI Dated Securities Auction ₹32,000 Cr
Government of India reissues two dated securities totaling ₹32,000 crore, with ₹21,000 crore 6.36% GS 2031 and ₹11,000 crore 7.71% GS 2066.
Auction will be conducted on August 7, 2026 via RBI's e‑Kube
RBI Announces ₹34,000 Cr Govt Stock Cut-off
RBI released press note on July 31, 2026 detailing results of the Government Stock (GS) 2036 auction.
The auction had a notified amount of ₹34,000 crore, which was fully subscribed with the same amoun
State Governments SGS Auction ₹18,100 Cr
State governments auctioned SGS on July 28 2026 with total notified amount ₹18,100 crore across multiple states nationwide through coordinated issuance.
Weighted average yields ranged from 6.986% for