Thursday, 18 August, 2022
TopicFiscal stimulus

Topic: fiscal stimulus

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.

Room for more fiscal support for India’s vulnerable households & SMEs in near term: IMF

A complete, successful implementation of the existing support measures is of paramount importance, said Vitor Gaspar, Director of IMF's Fiscal Affairs Department.

C. Raja Mohan on probe into Covid origin, more tapasya & tyag for labour, says Mahesh Vyas

Today's political, economic & strategic punditry from Arundhati Katju, Mahesh Vyas, Sanjay Hegde & more.

‘Countless’ & ‘homebound’ migrants’ crisis in Mint & Express, Telegraph’s Mahabharat analogy

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.

Revised MSME definition is a long-awaited reform but not enough to address bloating sector

Complex labour laws & regulations were responsible for the creation of dwarf entities in India. MSMEs will need many reforms to scale up and be competitive.

Govt revenues could fall short by Rs 4 lakh crore, little space for stimulus: India Ratings

Revenue shortfall will be equivalent to the additional government borrowings, the agency estimates, expecting a contraction in both tax and non-tax revenue.

Modi’s stimulus speech adds to a sense of uncertainty. And that kills investment

Modi govt’s aim at this stage of Covid crisis should be to maintain India’s capability to rebound when the more stringent aspects of the lockdown have passed.

Modi govt just needs to fire more fiscal bullets, it can take aim later

The spending isn’t enough. But even if fired first and aimed later, the fiscal bullets might still influence the depth and duration of the recession.

Haseeb Drabu sees no bailout, Bibek Debroy on Crusoe economy, Shankar Acharya says open up

Today’s political, economic & strategic punditry from Sanjaya Baru, Harsh Mander, Jayati Ghosh, Prabhat Patnaik, Bibek Debroy and more.

On Camera

YourTurn

Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

HAL signed an MoU for opening an office in Kuala Lumpur | Twitter

Hindustan Aeronautics Limited to open first overseas marketing office in Malaysia for LCA Tejas

HAL is tapping new business opportunities for Light Combat Aircraft Tejas as well as servicing of Su-30 aircraft and Hawk trainer aircraft for the Royal Malaysian Air Force.
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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