Sovereign Gold Bond scheme was meant to reduce physical gold imports & provide govt a cheaper borrowing option. But gold imports haven’t gone down while govt liability has surged.
Analysis of Union Budget shows govt expects nearly 40% lower inflows in FY25 from sovereign gold bonds than it earlier estimated, likely because of the high fiscal burden they impose.
The total value of imports is currently higher than that of exports in the Maldives. The Covid-19 pandemic was an external shock that jolted the country’s tourism industry.
Govt to borrow Rs 8.45 lakh crore from market in the first half of 2022-23 by issuing bonds. Over 10 years, there has been a substantial increase in govt’s borrowings through bonds.
Rupee is down to a record low, dragging stocks and bonds. And with few signs the commodity boom will end soon, investors are bracing for more possible losses.
The move to maintain the borrowing plan will be seen as a positive for bonds, after a cut in corporate tax rates stoked concerns in shortfall in revenue.
Govt official says there is no traction on the proposal as of now. This comes after several economists, including PMEAC members, vociferously oppose move.
Premier David Eby, the leader of the minerals- and gas-rich province of British Columbia, spoke with executives at Tata Steel and Reliance Industries on a trade mission to India.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
After independence, every system of Governance has changed, except the bureaucracy. Which still presumes themselves as the rulers, not the servants, and enjoys the known and unknown perks and benefits of society.
If I become the PM, I will slap every bureaucrat 10 times for each third-rate socialist policy he or she makes. I will disband the UPSC and establish union capitalist service commission (UCSC).
You have recently been critical of government despite being close aide of finance minister for 3 years.Like last week you critised it for using rhetoric ‘India is sweet spot in global turbulence, It is fastest growing big economy or it is bright spot.I hope there are more journalist looking closely at economy like you.
Well written article as always and with great examples. As much as I am a supporter of this government, I am afraid that they have been tamed by bureaucracy and Nirmala Sithraman is a prime example of this. Zero innovation and completely House Trained.
Modi’s ministers can perhaps learn from Nitin Gadkari on how he turned around, perhaps the most corrupt dept into one of the most productive ones.
But Nirmala has not time as she ponders over the GST debate on Popcorn and Donuts
Good One
After independence, every system of Governance has changed, except the bureaucracy. Which still presumes themselves as the rulers, not the servants, and enjoys the known and unknown perks and benefits of society.
If I become the PM, I will slap every bureaucrat 10 times for each third-rate socialist policy he or she makes. I will disband the UPSC and establish union capitalist service commission (UCSC).
I wouldn’t blame them at all. They have no agency.
Sir,
You have recently been critical of government despite being close aide of finance minister for 3 years.Like last week you critised it for using rhetoric ‘India is sweet spot in global turbulence, It is fastest growing big economy or it is bright spot.I hope there are more journalist looking closely at economy like you.
Well written article as always and with great examples. As much as I am a supporter of this government, I am afraid that they have been tamed by bureaucracy and Nirmala Sithraman is a prime example of this. Zero innovation and completely House Trained.
Modi’s ministers can perhaps learn from Nitin Gadkari on how he turned around, perhaps the most corrupt dept into one of the most productive ones.
But Nirmala has not time as she ponders over the GST debate on Popcorn and Donuts