The message of caution is necessary because govts in the past have often shown a tendency to indulge in fiscal jugglery to hide the actual extent of their fiscal deficit.
Thirteen years earlier, prof Pranab Bardhan tried to provoke Sonia Gandhi with one word—decentralisation. He supports the idea with full conviction even today.
In 'Beyond Fear', Ian Cardozo says that soldiers never receive monetary rewards for their work. And when rewards do come their way, they're unable to recognise them.
According to International Monetary Fund’s World Economic Outlook, Indian govts spend about 28% of GDP, which is more than many countries. But greater spending hasn't delivered better infra.
Taking to Twitter, Gandhi cited a report claiming China's tents still being at Demchok in Eastern Ladakh and no date set for talks between core commanders of the two countries.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets