On the first day of its national convention, the BJP passed resolutions on agriculture and welfare of the poor, claiming it had done better than the UPA.
It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
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.
What PM Rajiv Gandhi was referring to was not necessarily 85% diversion of funds. More to emphasise the high administrative cost of delivering services to ordinary citizens. The cost of governance remains forbiddingly high. In fact, across administrations, it is now the pure revenue deficit that is more troubling. Government’s capital outlays have been declining. No one who studies the current fiscal position of the Centre and the states – with the combined deficit over 6% of GDP – could feel sanguine. Financially ultra sound corporations like ONGC and HAL are borrowing from banks. All this despite the ten to twelve trillion bonanza from lower oil prices. The poor would be better off if more resources are left free for productive private investment.
What PM Rajiv Gandhi was referring to was not necessarily 85% diversion of funds. More to emphasise the high administrative cost of delivering services to ordinary citizens. The cost of governance remains forbiddingly high. In fact, across administrations, it is now the pure revenue deficit that is more troubling. Government’s capital outlays have been declining. No one who studies the current fiscal position of the Centre and the states – with the combined deficit over 6% of GDP – could feel sanguine. Financially ultra sound corporations like ONGC and HAL are borrowing from banks. All this despite the ten to twelve trillion bonanza from lower oil prices. The poor would be better off if more resources are left free for productive private investment.