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Infographic: Arindam Mukherjee | ThePrint

Currency, forex, growth in free fall: Economy is Pakistan’s real crisis, IMF only saviour

Pakistan has reserves for just two months of imports, and also faces a current account, fiscal deficit, inflation crisis.
(Photo for Representation)

Modi govt unlikely to meet fiscal deficit target as tax collections fall short

Direct tax collections are estimated at around Rs 11.25 lakh crore against a target of Rs 12 lakh crore.

What Rahul Gandhi missed out when he promised higher GDP expenditure on education, NYAY

If Rahul Gandhi's promises are kept without cutting other spending, government would be borrowing an amount equal to its total borrowing today.
Congress president Rahul Gandhi addresses a press conference at AICC HQ in New Delhi | Suraj Singh Bisht/ThePrint

Rahul Gandhi’s NYAY raises too many questions & is not the answer to ending poverty

In an economy where biggest problem is employment, poverty reduction by income transfers is just a palliative. It needs to come with growth & jobs.

Congress party’s minimum-income scheme for the poor is short on funding details

The plan has left economists wondering how this would be rolled out without breaching the budget deficit goal of 3.4% of GDP for the fiscal year starting April. 
An vendor carries a sack of pumpkins at a wholesale market in Chennai

India’s fiscal deficit widens as govt overestimates revenue

India is set to miss budget deficit target for a second straight year by overestimating the income it expects to receive from taxes, asset sales and other sources.
Rajiv Kumar

Time for RBI to cut interest rates, says NITI Aayog’s Rajiv Kumar

Modi govt’s expansionary budget is bound to pose a challenge for RBI Governor Shaktikanta Das, who’s chairing his first Monetary Policy Committee meeting.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

How borrowings outside the budget hide the real deficit numbers

A fine print reading of 2019 budget shows off-budget borrowings are on the rise. ThePrint takes a look at what that means.
P Chidambaram

Chidambaram slams interim budget as ‘account for votes’ and not ‘vote on account’

Taking to Twitter after Piyush Goyal presented the interim budget, senior Congress leader P Chidambaram said the NDA missed the fiscal deficit target.

Economists, markets are awaiting Modi govt’s fiscal consolidation roadmap in budget 2019

With low indirect tax collections and failing disinvestment, sticking to fiscal deficit target of 3.3% will be tough for Piyush Goyal.

On Camera

Sri Lankan soldiers inspect the damage inside St. Sebastian's Church, Sri Lanka | Tharaka Basnayaka/Bloomberg

Sri Lanka attacks mark birth of terrorism 3.0

Terrorism 3.0 is defined by the Islamic State — a globally dispersed, highly lethal, financially capable, deeply innovative organisation.

Sri Lanka terror attack: Did the world let its guard down on ISIS?

The Islamic State has claimed responsibility for the serial suicide bombings in Sri Lanka, which have killed more than 300 people till last count.

Defence

Indian Coast Guard

Indian Coast Guard increases maritime surveillance following Sri Lanka blasts

More ships and aircraft have been deployed to ensure India faces no security threat after a series of blasts killed 290 in Colombo, a Coast Guard official said.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.