Studies by Bank of Baroda find Centre on track to meet capex target for this fiscal. There’s wide disparity in states’ performances but upcoming polls haven’t derailed the capex process.
A new paper by RBI economists highlights the importance of states devising and deploying their own policies in times of crisis when mobility is affected.
The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.
Food prices, reopening of economy & resurgent demand are fuelling inflation, but robust public distribution system is likely helping some states like Kerala, Tamil Nadu keep prices down.
Displeasure over the practice was expressed during a presentation made by Finance Secretary T.V. Somanathan at national conclave of chief secretaries in Dharamshala last month.
The study by researchers at Indira Gandhi Institute of Development Research looked at economic impact of reorganising Uttar Pradesh, Madhya Pradesh, and Bihar in the year 2000.
If we compare Indian states to India’s neighbourhood, we find that only Goa, Sikkim, and NCT of Delhi have a GDP per capita higher than China’s GDP per capita of $16,772.
West Bengal and Rajasthan have remarkably improved the delivery of basic services to their poorest 20% population between 2005-06 and 2015-16, NFHS data show.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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