He also noted the 15th Finance Commission cut Karnataka’s share in central taxes ‘too drastically’, much more than other similar-performing southern states.
Subhash Chandra Garg, who had taken voluntary retirement last year, said Nirmala Sitharaman's first budget lacked major reforms, and was all praise for Arun Jaitley.
Former finance secretary Subhash Chandra Garg said a faulty lockdown strategy and an ineffective stimulus have adversely impacted economic recovery. Read his blog here.
Subhash Chandra Garg says real fiscal deficit could reach 5% of GDP after including off-budget liabilities, so there’s no space for an expansionary budget.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
This period also saw unprecedented global crises such as COVID lockdowns, world wars and economic crises due to supply chain disruptions. If he compares it to normal times , he’s just another piddi like rogue rahim rajan, not an economist from any angle!
Is he aware of the economic scenario during the three year Covid disaster and its effect on the economy? Or is it that he overlooked everything to picturise a prejudiced and one sided story, to prove his loyalit
Sir you must have explained the mess created by UPA2 in banking and industrial sector. Modiji government has cleared twin balance sheet problem and brought Insolvency code. Indecisiveness in policies by UPA had effect on infrastructure and industrial development.
Yes demonetization had adverse effect on MSMEs and unorganised sector but it had galvanised digitalization of economy especially in fin tech space. Overall Direct tax collection had improved and GST plus direct tax collection reached 11% of GDP. These things will take India forward next comming decade.
The lingering effects of Demonetisation and Covid have contributed to this sag in growth. May a blueprint be drawn up for the third term, including much needed structural reforms.
This period also saw unprecedented global crises such as COVID lockdowns, world wars and economic crises due to supply chain disruptions. If he compares it to normal times , he’s just another piddi like rogue rahim rajan, not an economist from any angle!
Is he aware of the economic scenario during the three year Covid disaster and its effect on the economy? Or is it that he overlooked everything to picturise a prejudiced and one sided story, to prove his loyalit
Sir you must have explained the mess created by UPA2 in banking and industrial sector. Modiji government has cleared twin balance sheet problem and brought Insolvency code. Indecisiveness in policies by UPA had effect on infrastructure and industrial development.
Yes demonetization had adverse effect on MSMEs and unorganised sector but it had galvanised digitalization of economy especially in fin tech space. Overall Direct tax collection had improved and GST plus direct tax collection reached 11% of GDP. These things will take India forward next comming decade.
The lingering effects of Demonetisation and Covid have contributed to this sag in growth. May a blueprint be drawn up for the third term, including much needed structural reforms.