The message of caution is necessary because govts in the past have often shown a tendency to indulge in fiscal jugglery to hide the actual extent of their fiscal deficit.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets
It is heartening to know that government is moving towards transperancy. We should also know that extra budgetary resources to finance capex was an old idea and it used to be part of budget documents explicitly in olden days. We notice that budget documents are totally changed in last ten years and it is really difficult to corelate any data from the statements or from yester years. Can any economist take the trouble of making an assessments of all these innovations and give out a comparable picture with traditional budget or UPA era budgets