Friday, 2 December, 2022
TopicFiscal Policy

Topic: Fiscal Policy

India’s fiscal, monetary authorities to be watchful amid ‘global gloom’, finance ministry

Measures undertaken by the govt to reduce burden of soaring inflation on consumers,by increasing fertiliser subsidies & other welfare measures, could stress finances, reports stated.

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.

On Camera

YourTurn

Prannoy Roy in Abu Dhabi

You can call NDTV elitist, anglicised. But it defended democracy, gave us Ravish Kumar

In all these years of covering elections on NDTV, I do not recall a single occasion when I was asked or even hinted to say or not say something. I disagreed with Prannoy Roy off-screen and on-screen and that was never a problem.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.