Saturday, 25 June, 2022
TopicFiscal crisis

Topic: Fiscal crisis

How fiscal regression can force Modi govt to take sub-optimal economic decisions

Govt is being sensible in asking for bigger RBI dividend & raising petroleum taxes. But Covid is increasing fiscal stress caused by preceding economic slowdown.

Why Modi govt doesn’t have the money to spend on Covid crisis & how it can fix the problem

Emerging from the Covid crisis, the Centre will have to take a fresh approach to reviving growth, re-visiting fiscal balance with states, re-imagining GST etc.

Modi needs to give migrant workers a ‘New Deal’ to get them back to the cities

Migrant workers tossed out of cities with no food, shelter or transport won't return without a New Deal: Nest eggs for old age and healthcare.

Indian businesses are getting desperate as there’s no sign of fiscal package from Modi govt

As their cash-flow dries up, and in the absence of any fiscal support, many Indian businesses say they will be forced to cut jobs to curb costs.

Facing a fiscal crisis for long, Modi govt now seems to be pushing states into a crisis too

Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.

How does the world solve its $250 trillion-debt problem? Borrow more

Experts say debt is not a problem as long as it is sustainable. The issue is whether the massive generation of debt since the global financial crisis is going to be profitable.

RBI launched massive crackdown on NBFCs amid cash squeeze last fiscal

RBI cancelled registrations of 1,851 NBFCs in the year ended March 31, more than 8 times those in the previous year.

Foreign sovereign borrowing is dire addiction, warns member of Modi’s economic panel

PMEAC member Rathin Roy says India is facing a silent fiscal crisis, all countries that have opted for overseas debt issuances have paid dearly.

On Camera

YourTurn

Bucket hat meet feather boa Photographer: Kevin Winter/Getty Images North America

1990s house music and fashion are back — unfortunately, so is a 1970s economy

It may be fear of recession that’s driving today’s obsession with all things early ‘90s. The period was characterised by a dismal economy and large-scale unemployment.
Bombay Stock Exchange in Mumbai | Bloomberg File Photo

Three charts show trouble for Indian stocks and why its unlikely to end anytime soon

The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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