With fiscal consolidation, the government’s debt-GDP ratio and interest payments to revenue receipts ratio would fall, opening up additional fiscal space for capital spending.
The developing world is not a monolith—there’s a growing risk of new fracture lines due to vastly divergent emissions and economic trajectories. India needs a shift in perspective.
Nirmala Sitharaman's speech marks a shift toward a more collaborative, transparent, and strategic policymaking. But Budget 2024 has its share of hits and misses.
The ‘Vivad se Vishwas' scheme 2024 will provide a fresh opportunity for taxpayers who, in the absence of the settlement commission, had no options but to litigate.
Given the weakness in consumption and elevated inflation, Budget 2024 was expected to provide a cushion to individual taxpayers. Some comfort has been provided to those who opt for the new tax regime.
If there’s anything this budget lacks in, it’s economic messaging. There are no wide statements of reform, no mention of privatisation, disinvestment, no big tax cuts, incentives, deregulation.
Nirmala Sitharaman finally acknowledged the jobs emergency in her Budget 2024 speech, but the plans to provide employment for four crore youth over five years is characteristic Modi govt bombast.
Pakistan would be itching to do an Iran on us and China would be planning to execute an air campaign without allowing us asymmetrical escalation. India has no choice but to transform.
Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.
CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
COMMENTS