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.
The repo rate cut should be interpreted as a pre-emptive measure to create a buffer, ensuring that the economy enters the forthcoming year with adequate liquidity.
For India, this is not an opportunity for schadenfreude but rather a reflection of shared responsibility. It's what happens when the governance framework underpinning economic growth is weakened.
RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.
RBI Monetary Policy Committee member Ram Singh says Budget 2025 provides opportunity for govt to show it is doing its part to address growth-inflation dynamics.
In its first advance estimates for the current financial year, govt predicts growth to be slower than RBI’s prediction of 6.6% & much lower than 8.2% seen in FY24.
Other key promises in the budget include AI- and other technology-enabled services for farmers and continuation of the Ladki Bahin Yojana, which will have the same outlay.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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.