Corporate tax cut provides relief to our slowing economic engine, but Modi government must prepare a roadmap of how it can bridge the associated revenue loss.
Mihir Shah taught a popular course on Political Economy of India’s Development. Ashoka University students & alumni have started a reinstatement petition.
Evidence shows budget handouts may not get Modi or BJP any more votes than they would have got otherwise. Samajwadi Party lost 2017 UP polls despite the sops.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
Privatisation should take place only when the country’s Balance Sheet is normal. Today just because there is a fall/shortage, the sale of profit making PSUs doesn’t make any sense as it is just like killing a golden goose. We must stop creating new PSUs as a first step, sell off those services whin the PSUs where it is hitting. Core business which is giving profit to the PSU must be given up at the ripe time of the economy and not during difficult times. If this is done long term effects would not be so damaging.
Agree entirely. During the Cuban missile crisis, Khruschev said, You keep pushing the bayonet. If it hits steel, you pull back, else you keep pushing. It is not as if the government has taken several bold steps and faced pushback, except possibly from its ideological parent, which could focus on cultural issues. Just an easy, comforting acceptance of the status quo. If the earlier lot were directing loans to their cronies, we will do it for MUDRA, with more or less the same outcomes. 2. Both the fiscal crisis and the reverses in state elections should now stiffen the spine.
Privatisation should take place only when the country’s Balance Sheet is normal. Today just because there is a fall/shortage, the sale of profit making PSUs doesn’t make any sense as it is just like killing a golden goose. We must stop creating new PSUs as a first step, sell off those services whin the PSUs where it is hitting. Core business which is giving profit to the PSU must be given up at the ripe time of the economy and not during difficult times. If this is done long term effects would not be so damaging.
Agree entirely. During the Cuban missile crisis, Khruschev said, You keep pushing the bayonet. If it hits steel, you pull back, else you keep pushing. It is not as if the government has taken several bold steps and faced pushback, except possibly from its ideological parent, which could focus on cultural issues. Just an easy, comforting acceptance of the status quo. If the earlier lot were directing loans to their cronies, we will do it for MUDRA, with more or less the same outcomes. 2. Both the fiscal crisis and the reverses in state elections should now stiffen the spine.