India has a fiscal responsibility law that lays out a glide path for reducing the Centre’s deficit, but govts have inevitably resorted to Fudgets.
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The bonds have taken a knock this year, which were further fueled by wider budget targets, faster inflation and a global selloff of emerging market assets.
The two state budget this week stand out in contrast to any other in India, for uniqueness and long-term physical and intellectual impact in Rajasthan.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
FM Pranab Mukherjee struck the right note. Fiscal year 2019 – 20 is the responsibility of the newly elected government.