Former RBI governor Raghuram Rajan says Modi govt has focused more on fulfilling its political and social agenda rather than paying attention to economic growth.
Govt can do more with its money. But question is how much political capital it’s willing to spend on economic reform, which could upset one section or another.
The World Bank estimates remittances to low and middle-income countries reached a record high of $529 billion in 2018, an increase of 9.6 per cent from 2017.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
The package should have been ready by now. If companies lay off people, what is the point of financial package? I appreciate the timely lockdown, but if the financial package is not announced soon, corona won’t be the worst thing to happen to India.
The package should have been ready by now. If companies lay off people, what is the point of financial package? I appreciate the timely lockdown, but if the financial package is not announced soon, corona won’t be the worst thing to happen to India.