Jharkhand governor Radhakrishnan’s delay in government formation looks deliberate, unwarranted. This will encourage horse-trading and make ED’s action against ex-CM Hemant Soren look suspect. It flies in the face of PM Modi’s constant refrain about democratic values and constitutionalism. Governor must immediately invite Champai Soren to take oath as CM.
Budget 2024-25 had no populist announcements. Modi govt has shown impressive fiscal discipline
Modi government has displayed impressive fiscal discipline in Interim Budget 2024-25. There were no populist announcements or tax cuts, and fiscal deficit target has been set at an ambitious 5.1%. A measured yet significant thrust to infrastructure and incentives to states for sectoral development highlights a well-considered medium-term economic policy.