Bank of Baroda economic research team calculated per capita subsidy expenditures of major states & found Punjab had highest, followed by Karnataka, Gujarat, Tamil Nadu & Maharashtra.
Data from International Institute for Sustainable Development highlights higher subsidy allocation to renewables comes despite 3% drop in subsidies to energy sector as a whole in FY 2021-22.
The PAHAL scheme was first launched under the UPA government in 2013, and was then revised and relaunched after the Modi government came to power in 2014.
The government will have to do a balancing act, maintaining growth and macroeconomic stability by keeping fiscal and current account deficits within manageable limits.
If no effort is made to consider how a minimum income guarantee is financed, then the expenditure would lead to cuts in public investment & higher borrowing.
In a low trust and low capacity state, voters can resist reform, because they believe the government is either unwilling or incapable of implementing it successfully and equitably.
General MM Naravane’s memoir—Four Stars of Destiny—reveals that he was left hanging by political leadership for more than two hours as Chinese tanks drove towards Indian positions.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
COMMENTS