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.
Yunus has been complicit in giving a free rein to the radical elements within Bangladesh since Sheikh Hasina’s exit. But it was Hasina’s nod to Hefazat-e-Islam that led to the spread of radicalism across Bangladesh.
Both GBU-57 munition & B-2 stealth fighter is with America. Moreover, Israel does not have any aircraft in its inventory to carry out such a challenging mission.
Return to hyphenation is dreaded because our successive govts have laboured for three decades to rid us of what we see as the equivalence big powers used to draw between us and Pakistan. Three things follow.
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.