The message of caution is necessary because govts in the past have often shown a tendency to indulge in fiscal jugglery to hide the actual extent of their fiscal deficit.
India has a large vertical fiscal gap, which has been increasing. The reason is that while the Constitution assigns the most buoyant taxation powers to the Union, it allocates more spending responsibilities to the states.
As the discontentment mounts, the crucial question remains: what is the PM thinking? He is a shrewd politician so he must have a long-term strategy. But no one can figure out what it is.
Government as an anchor customer provides a stable source of demand for space-based services, reducing uncertainties in the market. It can boost investor confidence in the Indian space sector, attracting investments from home and abroad.
At a post-budget conference, the minister took industry leaders to task for not cooperating with govt. Last week, Economic Survey & govt officials had also criticised private sector.
Of 43,000 private hospitals in India, only 30% are empanelled under PMJAY. As the Centre prepares to expand the scheme to include senior citizens, this could become a problem.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets