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 kinds of revisions we’re seeing remove the very skills that make historical thinking meaningful. The result is a citizen who either dismisses history entirely or defends it without support.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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.