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.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
Report on impact of AI emergence—drawing upon depositions from several ministries—confirms that the developments come in the absence of AI laws or considerations over them.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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