India is losing the fiscal plot with bureaucrats trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the RBI.
The fund allocation for Chabahar Port in Iran, which India is developing, was slashed by more than half to Rs 45 crore from Rs 150 crore in this Union Budget.
Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
All shareholding families feel the pain. That includes the government itself, in the form of its ownership of PSUs, apart from institutions like LIC which have large portfolios. Saw some of the mandarins being interviewed after the Budget. They are not instinctively reformers or market oriented. Just interested in disinvestment proceeds to shore up the fisc.
All shareholding families feel the pain. That includes the government itself, in the form of its ownership of PSUs, apart from institutions like LIC which have large portfolios. Saw some of the mandarins being interviewed after the Budget. They are not instinctively reformers or market oriented. Just interested in disinvestment proceeds to shore up the fisc.