With expectations high on govt boosting spending to reboot economy, analysts believe tax cuts, higher capital expenditure & greater spending on infra hold key to unlocking demand.
Modi govt should also drop appeal against Vodafone arbitration, which has gone against it. Pushing a bad idea won’t help India’s business-unfriendly image.
Forces cite ongoing LAC standoff with China to point out the desperate need for defence modernisation. But experts say not much room for significant jump.
Even amid expenditure curbs during lockdown, govt had asked infra ministries to spend. There are many ongoing projects that could create jobs & boost growth.
Fiscal compulsions could drive privatisation, but there’s still a need to overcome hurdles created by labour laws and low valuation of public sector banks.
MGNREGA had a budgetary allocation of Rs 61,500 crore in the current fiscal, but received an additional Rs 40,000 crore due to the distress caused by the pandemic.
Modi govt may have to strike a fine balance between health finance and economic reality even as the pandemic has tested the capacity of Indian health system.
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.
COMMENTS