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.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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.