STATES
Inflation pressure hits States' fiscal reforms
RISING revenue expenditure as a result of accelerating inflation and rising interest rates has jeopardised States' fiscal reforms. Sources said most States were now likely to face large escalations in administrative expenditure, mainly due to ... More

FINANCIAL POLICY
Market stabilisation scheme turning costlier
CALL it an unintended outcome but one thing that the current round of inflation is doing is to jack up the Government's cost of "sterilisation" or mopping up of excess liquidity from the market. Under the Market Stabilisation Scheme (MSS) in ... More

`Borrowings well on schedule'
Both the Finance Ministry and Reserve Bank of India (RBI) officials have denied that the market stabilisation scheme (MSS) has led to a "crowding-out" of the Government's regular market borrowings programme. During 2004-05, the Government's ... More

E-GOVERNANCE
IT Mission network to go on stream in Nov
THE Kerala State Information Technology Mission is in the process of setting up a dedicated State-wide computer network for the Government of Kerala as part of the `State Information Infrastructure' project. Ms Aruna Sundararajan, Secretary, ... More