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.
Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.
ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
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 It would have been only fair to explain to the readers of how and why those bills were withdrawn.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.