Modi government's disinvestment decision is already facing stiff opposition from employees of BPCL, Container Corporation of India, and even the Swadeshi lobby.
According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.
There's no great virtue in stipulating that 3% of GDP is the desired level of fiscal deficit. India, with its faster economic growth rate, can cope quite well on all indicators with a higher deficit.
Loans from NSSF to PSUs have risen 500% since 2016-17, though some can’t repay them. Critics say this is govt’s way of keeping fiscal deficit in control.
Modi government has been transferring a part of its liabilities to FCI by giving it loans from NSSF and lowering the actual food subsidy in the budget.
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.
Kadva ghoont bharna padega. The fisc is at breaking point. We do not even know what the true numbers are. Providing VRS to the employees is the most the government can do. For that matter, let us not draw too sharp a distinction between profitable and loss making PSUs. It does not take long to move from the first category to the second. This is a challenging time for the economy, whoever is in power. Let India not end up like Latin America.
Kadva ghoont bharna padega. The fisc is at breaking point. We do not even know what the true numbers are. Providing VRS to the employees is the most the government can do. For that matter, let us not draw too sharp a distinction between profitable and loss making PSUs. It does not take long to move from the first category to the second. This is a challenging time for the economy, whoever is in power. Let India not end up like Latin America.