States

Peenya is one of the largest industrial hubs in Asia, contributing significantly to the state’s economy, exports and job creation. However, the poor condition of basic infrastructure, especially roads, is a matter of serious concern for industrialists and investors, Peenya Industrial Association said in its letter.

Opposition states oppose GST rate rationalisation, warn of revenue loss of up to Rs 2 lakh crore

In a joint submission, the opposition governed states said that while they support the principle of simplifying the GST rate structure, any move to reduce slabs and shift items into lower tax brackets must not come at the expense of state revenues.

16th Finance Commission may ask states to opt for more revenue mobilising steps amid slowdown

The commission is expected to come out with a report by October 31, covering a period of five years from April 2026.

Stranded by bike taxi ban in Bengaluru: A first-person account

Here’s a first-person account by a Moneycontrol correspondent who regularly used bike taxis before the ban came into effect on June 16

Relief for Rapido, other bike taxi operators as Centre’s aggregator guidelines 2025 permit shared mobility; states to take final call

The Motor Vehicle Aggregator Guidelines, 2025, allow states to permit non-transport bikes for shared mobility to ease traffic, cut pollution, support deliveries, offer affordable rides, and boost livelihoods.

Centre mulls tightening capex loan scheme as many states prioritise freebies over infra spend

While states like Andhra Pradesh, Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Himachal Pradesh, West Bengal, among others, have largely relied on loans from the Centre to spend on infrastructure, the finance ministry is particularly concerned about the impact of capex assistance on the debt levels of smaller states.

Kerala, Odisha and Manipur face over 6% inflation, even as India’s retail inflation dips below 5%

Manipur, which has been embroiled in a conflict for 21 months and which witnessed the resignation of its chief minister earlier this week, had the highest inflation in the country at 7.4 percent even as prices eased from 9.4 percent in the previous month

WEF 2025: Tamil Nadu, Andhra Pradesh, Telangana, Kerala gear up to woo global investors at Davos

While Karnataka has opted out of this year’s WEF citing the Invest Karnataka Global Investors Meet in Bengaluru (February 12-14), all other major southern states will participate

Urban-rural gap reduced in 21 of 36 states and union territories in 2023-24

Maharashtra witnessed the slowest rise in consumption among the larger states with just a 3.4 percent rise in household budget in urban areas

Centre may seek higher share in tax devolution from 16th Finance Commission

The Centre’s demand for a larger chunk in the devolution pie could very well be at crosshairs with states, with some seeking a hike in their stakes in the divisible pool of taxes to as much as 50 percent

Karnataka’s new industrial policy likely to link incentives to job generation, green practices and women employees

The industrial policy for 2025–2030 aims to position the state as a $1 trillion economy, focusing on employment, increased participation of women in the workforce, and environmental sustainability.

Why India has a long way to go before achieving the 2030 renewable capacity target

The task would require the government to add nearly 50 GW annually until 2030, almost thrice the annual capacity addition in the post Covid-19 period.

States put best foot forward in 500 GW of renewable energy capacity goal by 2030

India aims to achieve 292 GW of solar power, 100 GW of wind power, 15 GW of bio energy, 78 GW of hydro and 15 GW of nuclear power to meet its 2030 target.

Delhi witnessed highest gains in urban unemployment reduction; AP in salaried job addition

AP, Kerala and Karnataka have done better in adding salaried jobs in urban areas over the last seven years. Rajasthan’s urban unemployment increased, with the share of people in salaried jobs shrinking compared with 2017-18

5 states accounted for over half of country’s hospitalisations under Ayushman Bharat in 6 years: MC Analysis

The more populous northern states had just 28.8 percent share in overall hospitalisations under the scheme, while southern states had a 46 percent share

Business cycle of south and west India more synchronised with country: RBI study

RBI paper notes that synchronisation has increased owing to common events like weather shocks and changes to global crude oil and commodity prices

Southern states have outpaced others post-liberalisation; West Bengal has shrunk in relative per capita terms: EAC-PM study

West Bengal has shrunk despite being a maritime economy, from 7.9 percent of the GDP in FY91 to 5.6 percent in FY24

Need more frequent, integrated data; states hold key to growth: CEA Nageswaran

Speaking at a conference organised by the Ministry of Statistics and Programme Implementation, Nageswaran emphasised the role of states in initiating factor market reforms.

Misleading ads: Supreme Court asks Centre to set up dashboard to monitor consumer complaints

The court has also asked the Uttarakhand government to file an affidavit on the status of ban on 14 Patanjali medicines

18 major states to see up to 10% jump in revenue in FY25: Crisil

Indian states’ revenue grew 7.5 percent in the previous fiscal

7 years of GST: A revenue boost for Centre and States

A data analysis shows that GST has led to increased revenue buoyancy for the centre and states. States have witnessed a jump of nearly 3 percentage points in own tax revenue ratio from pre-GST era. Experts say that GST 2.0 should now focus on further rationalization of rates and removal of input tax credit restrictions

States should take lead in promoting ease of doing business for India's $30 trillion economy goal: Amitabh Kant

Kant believes that India needs at least 10 to 12 states growing at over 10 percent in the next 10 years to become a $30 trillion dollar economy.

Govt releases triple tax devolution instalment to states in February worth Rs 2.15 lakh crore

The state that received the largest amount was Uttar Pradesh, accounting for Rs 25,495 crore, followed by Bihar at Rs 14,295 crore. The division of funds among states is done on the basis of a variety of factors, including population.

DNV Senthilkumar ‘Gaumutra’ remark triggers row | BJP criticises DMK MP

DMK Lok Sabha member DNV Senthil Kumar on Tuesday triggered a row by describing the Hindi heartland as “gaumutra states”, drawing instant condemnation from the BJP as well as its ally Congress, whose leaders asked him to tender an apology. While participating in a discussion on J&K Reorganisation (Amendment) Bill in the House, he said the BJP can win elections only in the Hindi heartland states and not in south India. However, a days later, the MP has apologised for his remark and requested that it be expunged. Watch to know more

GST Council Key Takeaways: Human consumption ENA out of GST, tax cuts on molasses, millets

The GST Council also reduced the tax rate on branded, pre-packaged and labelled millet-based flour to 5% from 18%