The Vajpayee govt suppressed food prices and lost, while the first Manmohan Singh govt corrected that and was re-elected. It’s good politics and good economics.
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The duo of NaMo- Amit Shah neither believe in good politics nor healthy sound economics !
That is why they are interested only in winning polls for pretty pretty long ?
They are not at all concerned about the progress, prosperity, development and advancement
of the nation. By centralising power in their hands, wishfully discarding and overlooking the
rich talent, expertise and calibre in the BJP and nation elsewhere their charm only is in pushing
forward their own vested selfish as well as self-centred, lust for endless power interests !
That is the reason, nation is facing the music on various fronts !
Prices were high due to international prices during manmohan era morever agriexports were also high.vajapee actually increase govt money from 80%of gdp to 120Of gdp by increasing fiscal defecit and printing cash.he spent entire saving of public sector unit which later help manmohan toreap Rich benefit. Modi is doing exactly opposite govt money has fallen to60%of gdp and India is headed for major crisis.
Fiscal stance should be less rigid … It feels like marshmallow to me. An oil bonanza of possibly twelve trillion has been absorbed by Centre and states without leaving a trace. Enduring mystery what happens to our tax revenues. Growth has been slowing for a lot more than a few months. Difficult to figure what the correct number is, though. If the economy becomes a make or break issue in the general election – as exit polls suggest it has been for the Hindi heartland states – it will not be because of fiscal or monetary hawkishness. It has been comprehensively mismanaged all through, with demonetisation and GST the most visible missteps. Not much left in Santa Claus’ sack to give away in the next three months. Hopefully, there will be no reckless moves, like relieving the RBI of its unearned profits to fund some KCResque giveaways.
The Oil bonanza had to be used because the economist Prime minister left a big hole in the Fiscal Math by postponing the payments to Oil companies for the subsidy that the Govt gave to people when oil prices were high. If people are willing to pay high oil prices without cribbing the fisc and consequently the taxes will also come down
Prof PK Sharma,Freelance Journalist,Barnala(Punjab)
The duo of NaMo- Amit Shah neither believe in good politics nor healthy sound economics !
That is why they are interested only in winning polls for pretty pretty long ?
They are not at all concerned about the progress, prosperity, development and advancement
of the nation. By centralising power in their hands, wishfully discarding and overlooking the
rich talent, expertise and calibre in the BJP and nation elsewhere their charm only is in pushing
forward their own vested selfish as well as self-centred, lust for endless power interests !
That is the reason, nation is facing the music on various fronts !
Prof PK Sharma,Freelance Journalist
Pom Anm Nest,Barnala (Punjab)
Late Vajpayee Bharat Ratna awardee did the right thing by keeping food prices low. I had nightmares during Singh’s tenure due to high food prices.
What Fiscal Deficit is the author talking about?What about US Dollars 140 Billion,in US Treasuries?
Prices were high due to international prices during manmohan era morever agriexports were also high.vajapee actually increase govt money from 80%of gdp to 120Of gdp by increasing fiscal defecit and printing cash.he spent entire saving of public sector unit which later help manmohan toreap Rich benefit. Modi is doing exactly opposite govt money has fallen to60%of gdp and India is headed for major crisis.
Fiscal stance should be less rigid … It feels like marshmallow to me. An oil bonanza of possibly twelve trillion has been absorbed by Centre and states without leaving a trace. Enduring mystery what happens to our tax revenues. Growth has been slowing for a lot more than a few months. Difficult to figure what the correct number is, though. If the economy becomes a make or break issue in the general election – as exit polls suggest it has been for the Hindi heartland states – it will not be because of fiscal or monetary hawkishness. It has been comprehensively mismanaged all through, with demonetisation and GST the most visible missteps. Not much left in Santa Claus’ sack to give away in the next three months. Hopefully, there will be no reckless moves, like relieving the RBI of its unearned profits to fund some KCResque giveaways.
The Oil bonanza had to be used because the economist Prime minister left a big hole in the Fiscal Math by postponing the payments to Oil companies for the subsidy that the Govt gave to people when oil prices were high. If people are willing to pay high oil prices without cribbing the fisc and consequently the taxes will also come down