If no effort is made to consider how a minimum income guarantee is financed, then the expenditure would lead to cuts in public investment & higher borrowing.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
It is Arun Jaitley who should be blamed entirely for not pushing the two important reforms mentioned in the article, in addition to the fiasco for Land acquisition ordinance. In fact, Independent debt manager for government was a long pending reform from 1990s. He should have firmly managed to ensured that independent debt manager for the government is created, despite strong objections by Raghuram Rajan, et al and created other conditions for the deep and liquid corporate bond market. On insolvency resolution for financial institutions, there was no preparatory discussions in the public domain and vested interests were allowed to mislead the general public. RBI should also have openly supported this bill. Hopefully, Modi will take up theses reforms urgently post May 2019, if he is back to power.
Misinformation campaign on FRDI bill as well as on land acquisition, was carried out by Congress. It would have been only fair to explain to the readers of how and why those bills were withdrawn.
It is Arun Jaitley who should be blamed entirely for not pushing the two important reforms mentioned in the article, in addition to the fiasco for Land acquisition ordinance. In fact, Independent debt manager for government was a long pending reform from 1990s. He should have firmly managed to ensured that independent debt manager for the government is created, despite strong objections by Raghuram Rajan, et al and created other conditions for the deep and liquid corporate bond market. On insolvency resolution for financial institutions, there was no preparatory discussions in the public domain and vested interests were allowed to mislead the general public. RBI should also have openly supported this bill. Hopefully, Modi will take up theses reforms urgently post May 2019, if he is back to power.
Misinformation campaign on FRDI bill as well as on land acquisition, was carried out by Congress. It would have been only fair to explain to the readers of how and why those bills were withdrawn.