The Union government’s fiscal discipline has not been matched by state fiscal discipline, thanks to the tendency to promise unconditional freebies to the electorate.
Economic activity has rebounded in LMICs post pandemic, but the debt accumulated in that period has continued to grow, driven by both short & long-term debt.
ThePrint spoke to several prominent economists on whether RBI’s current interest rate policy is adversely impacting growth or if watching inflation should be the way forward.
It is crucial for banks and other financial institutions to conduct regular stress tests against known market risks, including inflation and interest rate risks, writes Atul.
Spillover from recent turmoil in financial markets in US, Europe pose risk to short-term investment flows to emerging markets, including India, said World Bank economist.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
Centre should stop giving guarantees for state debt. In return, centre can devolve more funds to states, by say, removing excise duty on petrol, but handover MSP procurement to states.
But also add, a rule, that if, a state defaults on it’s debt, then it must be placed under economic emergency, and austerity measures be applied.
Centre should stop giving guarantees for state debt. In return, centre can devolve more funds to states, by say, removing excise duty on petrol, but handover MSP procurement to states.
But also add, a rule, that if, a state defaults on it’s debt, then it must be placed under economic emergency, and austerity measures be applied.
Indian politicians have PhDs in freebies. They don’t know anything other than freebies and corruption.