In her first budget Friday, Sitharaman will be under pressure to spend more to reinvigorate the economy & find resources for Modi’s welfare programmes.
Analysts expect the new Modi government’s first budget on July 5 to tweak fiscal levers, to boost the economy and get it back on a faster growth track.
Finance Minister Nirmala Sitharaman is considering raising income tax exemption limit for working-age individuals to Rs 3 lakh from Rs 2 lakh at present.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
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.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
What are required are radical departures from the way the economy has been managed over the last five years. Without saying it in so many words, there must be an acknowledgement that the last five years have been disappointing, a secular sag for which there are no good reasons. Soldiering on like an ice cutter will not take us in the direction of $ 5 trillion.
… icebreaker …
What are required are radical departures from the way the economy has been managed over the last five years. Without saying it in so many words, there must be an acknowledgement that the last five years have been disappointing, a secular sag for which there are no good reasons. Soldiering on like an ice cutter will not take us in the direction of $ 5 trillion.