The Reserve Bank of India expressed concerns over states’ rising spending on subsidies like farm loan waivers and freebies, impacting funds for infrastructure and development. State subsidies have surged, with revenue expenditure exceeding capital outlay in several states. While overall fiscal consolidation efforts are positive, RBI emphasizes the need for prioritizing capital expenditure for long-term growth.

The Supreme Court questioned the Bengal government and its SSC over a teacher recruitment ‘scam,’ highlighting flaws in the selection process. The court examined various categories of irregularities, including manipulated ranks and marks. While acknowledging the impact on students, the court prioritized addressing the ‘scam’ confirmed by a commission and the CBI.

Aaj Ka Panchang, 20 December, 2024: Check out tithi, auspicious and inauspicious timings, and other details here.