Prime Minister Narendra Modi has a reputation for fiscal prudence, so the expectation is that somehow or the other his finance ministry will get the numbers in line.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
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.
the issue is never what sort of numbers this government gives out, or for that matter what it does or for that matter what it says and what it has said in the past. The issue is what the voters of india are willing to believe about modi and his doings and sayings.
The acknowledged fiscal deficit of Centre plus states is 6.6%. PSUs like NHAI are borrowing large sums of money, as are companies like ONGC and HAL which were not doing so earlier. Discoms continue to lose money. I think an honest accounting would take the figure close to 10% of GDP. The oil bonanza was almost entirely absorbed by the Centre and states. Prepare for one last tango in Paris in the interim budget.
the issue is never what sort of numbers this government gives out, or for that matter what it does or for that matter what it says and what it has said in the past. The issue is what the voters of india are willing to believe about modi and his doings and sayings.
The acknowledged fiscal deficit of Centre plus states is 6.6%. PSUs like NHAI are borrowing large sums of money, as are companies like ONGC and HAL which were not doing so earlier. Discoms continue to lose money. I think an honest accounting would take the figure close to 10% of GDP. The oil bonanza was almost entirely absorbed by the Centre and states. Prepare for one last tango in Paris in the interim budget.