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.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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