Punjab’s Fiscal Woes A Cause For Concern

The freeze on banks’ lending to the Government of Punjab (GoP), has blown over with the Reserve Bank of India (RBI) issuing an authorisation of cash credit limit of INR175.23bn, towards the first installment for the procurement of wheat during the ongoing rabi season, however the liquidity crunch for GoP lately has become a perennial problem, says India Ratings and Research

Rajasthan Land Titling Law To Ease Land Acquisition

The Rajasthan Urban Land (Certification of Titles) Act, 2016, passed by the Rajasthan Legislative Assembly this month, will significantly smoothen the land acquisition process in urban areas, says India Ratings and Research (Ind-Ra). Rajasthan is the first state in India to enact a law on property titles, where the state will stand as a guarantor for land titles and provide compensation in case of issues of defective title.