Burden on States
The oil price hike burdens already strained State finances and threatens to jeopardise welfare programmes run by State governments. THE Union government's decision to raise the prices of petroleum products has placed State governments in a quandary. While taxes on petroleum products constitute a significant proportion of a State's revenue, a reduction of these taxes could undermine the State's fiscal balance.
Related Content
- Uttar Pradesh heat wave action plan 2024
- Order of the National Green Tribunal regarding winding up the Oversight Committee and permit monitoring of the environmental compliance and issues through the state monitoring mechanism, 10/11/2023
- Progress on household drinking water, sanitation and hygiene 2000–2022: special focus on gender
- Burden of disease attributable to unsafe drinking-water, sanitation and hygiene, 2019 update
- Layering debt relief solutions to move countries from vicious to virtuous cycles of debt
- Climate finance shadow report 2023: assessing the delivery of the $100 billion commitment