Reform Tracker

Promise Tracker

• GLIDE Borrowings-to-capital glide

  Borrowings funding capital >= 15% FY27 -> >= 30% FY29 -> >= 50% FY31-32

  Checked at fiscal-year close

  pending

• R1 Credible budget estimates

  FY27 SOTR BE within 90,800-92,100 cr (mean realisation 86.2% basis)

  Checked at the 19 Jun 2026 budget

  pending

• R10 Bevco-Supplyco merger set-off

  Merger with separate divisions; tax set-off basis per Bevco tax paid 48.41/84.66/47.33 FY23-25

  Checked at fiscal-year close

  pending

• R13 Capex release calendar

  Q1 30 / Q2 30 / Q3 25 / Q4 15; March <= 5% of annual capex

  Checked at the 19 Jun 2026 budget

  pending

• R13d SCSP+TSP absolute floor

  FY27 floor ~3,915.45 cr (norm 12.64% of plan outlay)

  Checked at the 19 Jun 2026 budget

  pending

• R2 Treasury discipline protocol

  WMA <= 60 days/yr; Overdraft = never-event

  Tracked in monthly AG accounts

  pending

• R3_R16 KSSPL termination -> DBT

  Welfare pension distribution moves to Aadhaar-linked DBT

  Checked at fiscal-year close

  pending

SR2026 recommendations

• 1. Redirect the 50% Motor Vehicle Tax KIIFB earmark to the Consolidated Fund

  End the off-budget MVT earmark so the ~₹3,300 cr/yr share flows to the Consolidated Fund.

  SR2026:S4.8,S7.2(1)⚑
  Baseline

• 2. Recover withheld KSEBL electricity duty and divest non-strategic PSEs

  Collect the withheld electricity duty and exit non-strategic public enterprises.

  SR2026:S5.4.1,S5.5,S7.2(2)⚑
  Baseline

• 3. Increase the retirement age and move to a longer pay-revision cycle

  Raise the retirement age (~₹6,000 cr/yr saved per year raised) and lengthen the pay-revision cycle.

  SR2026:S7.2(3)⚑
  Baseline

• 4. Strengthen SGST compliance and analytics

  Close the SGST gap toward the major-states 3.09% of GSDP through compliance analytics.

  SR2026:T2.8,S2.5.3⚑
  Baseline

• 5. Modernise stamp duty and property-tax administration

  Update valuation and digitise stamp duty / property tax for buoyancy.

  SR2026:A.8⚑
  Baseline

• 6. Rationalise non-tax user charges with lifeline exemptions

  Revise long-frozen user charges while protecting lifeline slabs.

  SR2026:A.10⚑
  Baseline

• 7. Reform excise and restructure the lottery toward net yield

  Shift excise and the lottery toward net revenue rather than gross turnover.

  SR2026:S2⚑
  Baseline

• 8. Replace KSSPL welfare-pension distribution with Aadhaar-linked DBT

  Terminate the KSSPL borrowing route and pay welfare pensions by direct benefit transfer.

  SR2026:S7.2(8)⚑
  Baseline

• 9. Restructure KIIFB borrowing and bring obligations on-budget

  Refinance the HUDCO/PFC/REC block and pursue UDAY-style absorption so DEBT_B and DEBT_C converge.

  SR2026:S4.4,ES⚑
  Baseline

• 10. Raise capital expenditure toward 2.5% GSDP on a disciplined release calendar

  Lift capex from 1.30% toward 2.5% of GSDP with a Q1 30 / Q2 30 / Q3 25 / Q4 15 release calendar.

  SR2026:S2.5.2⚑
  Baseline

• 11. Protect the SCSP/TSP welfare floor

  Hold SCSP/TSP at the norm 12.64% of plan outlay (≈₹3,915 cr floor in FY27).

  SR2026:T6.5⚑
  Baseline

• 12. Clear the DA/DR arrears stock on the G.O.(P)44/2026 schedule

  Settle the ₹48,733 cr arrears across the eight-instalment G.O.(P)44/2026 schedule by FY30.

  SR2026:T2.7,S2.4⚑
  Baseline

Arrears settlement