Wednesday, 17 August, 2022
TopicFiscal Policy

Topic: Fiscal Policy

Another Covid wave will leave world govts ‘much less space to spend’, says IMF’s Gita Gopinath

In a conversation with Shekhar Gupta at 'Off The Cuff', Gita Gopinath says India must maintain its momentum on spending to provide support to the economy.

Modi govt’s pandemic strategy focused on revival has worked. Economic indicators prove it

Modi government’s policy response to Covid — focusing on directed credit to the distressed — was prudent, even if unpopular.

Why Article 282 needs a rethink as Centre and states battle for money

The use of Article 282 to implement centrally sponsored schemes remains a source of tension. Public health can be a starting point to take a hard look at intergovernmental transfers.

A new, big shift is taking place in Economics under the shadow of Covid

Fiscal policy, which fell out of fashion as an engine of economic growth during the inflationary 1970s, has been front-and-center in the fight against Covid-19.

Indian economy could recover to 6.6% next fiscal, new UN report predicts

The recovery will come due to a combination of fiscal stimulus and financial sector reforms, says the UN report. South Asia’s growth is also expected to rebound.

Manmohan Singh says climate of fear & hopelessness created by Modi govt is stifling economy

In hard-hitting column in The Hindu, former PM Manmohan Singh says 'palpable climate of fear' is stifling economic growth & could end up causing stagflation.

Hair oil to bikes — Indians are cutting down on spending ⁠& that’s not the real problem

The drop in sales is indicative of the economic slowdown becoming more entrenched, and will add pressure on policymakers to ease fiscal & monetary policy.

IMF’s Gita Gopinath says there’s no free lunch in modern monetary theory

Gita Gopinath is latest big-name economist to weigh in on MMT theory, which is seeking to shift debate on limits to how much countries can spend.

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.

What’s Modi govt ‘hiding’ is the question as GDP growth data under UPA is delayed again

The fresh delay in releasing GDP back-series data has raised doubts over whether growth was better under UPA.

On Camera

YourTurn

Pakistan: Imran Khan's Instagram account hacked, doubious crypto link posted

Imran Khan’s becoming costly for Pakistan govt. But army won’t completely remove him from scene

Imran Khan is so tuned into Pakistan’s domestic politics, he sees foreign policy more as a ploy. That’s why he can surprise his rally audience with a Jaishankar video.

India’s ‘salaried class’ shrank during Covid, Muslims hit hardest, govt data suggests

India’s salaried class shrank by 2.7 percentage points during pandemic, govt’s Periodic Labour Force Survey (PLFS) shows. But data for religious minorities, women is even bleaker.

Defence

The two frigates under construction at Yantar shipyard in Russia | Snehesh Alex Philip | ThePrint

Not dependent on Ukraine for engines, want to be part of Make in India initiative, says Russia

India had procured gas turbine engines from Ukraine & handed over to Russia to install them on the Admiral Grigorovich-class guided-missile stealth frigates being made for the Navy.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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