In Lok Sabha, three members took oath after the recently held by-elections in Rajasthan and West Bengal. They were Dr. Karan Singh Yadav from Alwar, Raghu Sharma from Ajmer and Sajda Ahmed from Uluberia.

The Lower House adjourned for the day after paying tributes to Hukum Singh, a sitting member who passed away on Saturday.

In Rajya Sabha discussion on the Motion of Thanks on the President’s Address began. During the debate members raised several points with regard to job creation, slow down of agricultural growth, working of key schemes, internal security issues related to Jammu and Kashmir, among others.

To read highlights of the 2018 President Address click here.

In addition, for the status of policy announcements made in the 2017 President's Address click here.

Rajya Sabha was sitting at the time of sending this report.

New Analytical Report: State of State Finances:

In India, while the centre is responsible for subjects such as defence, foreign affairs, and railways, states are responsible for health, education, law and order, and agriculture. Over the last few years, states have been collectively spending more than the central government. For example, in 2016-17, states estimated to spend approximately Rs 28 lakh crore. This is 70% more than centre’s expenditure which was Rs 16 lakh crore (expenditure of the centre excludes grants given by the central government to the states).

This report analyses the financial position of 19 states (including Delhi) based on their annual budgets across the last few years. It presents a few overarching trends that explain the state of state finances.

Some key insights from the report:

  • Low capacity to raise taxes makes some states depend on central transfers
  • States see slow tax growth in recent years; may need GST compensation
  • Spending priorities have changed a bit after Fourteenth Finance Commission

The full report can be read here.

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