The structure of Finance Minister Nirmala Sitharaman’s latest stimulus package indicates that the government had an eye on the fiscal deficit while making it.
The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.
An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.
Govt to discontinue practice of Food Corporation of India borrowing from National Small Savings Fund for food subsidy — a means used to hide the true extent of fiscal deficit.
Economists are arguing for expansionary Budget, so govt won’t be criticised much for not being prudent. Target should be to boost growth by pushing demand.
RBI estimates that gross fiscal deficit of states could cross 4 per cent, and force govts to put investments on hold, leading to a vicious cycle of incurring loss without spurring recovery.
There is a serious investment aversion in J&K today and deep uncertainty about the future. Most businesses with loans to pay off are unlikely to survive.
Compassion and cohabitation with animals are ingrained in the Indian value system. A humane solution must be found for the rising conflict between man and free-range animals.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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