Union minister Arun Jaitley said the opposition's promises will be responsible for its rout for it effectively shows 'there is no alternative' (TINA) to Narendra Modi.
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.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
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.
This article is bad in Spirit, it intentionally avoids to say why in UPA 2 why and how much fiscal deficit it reached and the burdon of clearing was left to NDA and massive bungling in PSU bank loans again left for NDA to settle…. please read Urjit Patel’s statement in one of the business schools in US . I would appreciate if such articles disclose all issues before drawing conclusions.
Running a primary deficit, ie, borrowing to pay interest on borrowings is the classic definition of a debt trap. A private company – plantations of teak, chit funds, etc – doing this would be called a Ponzi scheme. 2. The only justification required to breach the FRBM mandated ceiling is that there is an election to be fought, which is now the perpetual state India finds itself in. A general election comes in several notches higher than Assembly elections. Parliamentary oversight is meaningless when there is such an impressive majority. With deferential Speakers, everything is now a Money Bill. 3. That leaves the markets. The sanctity of official data is now gone. That makes the rating agencies more apprehensive. Some years ago, Goldman Sachs cooperated with the Greek government to cook its books. That story had a sad ending. Sincere efforts are imperative to avoid a Junk rating.
This article is bad in Spirit, it intentionally avoids to say why in UPA 2 why and how much fiscal deficit it reached and the burdon of clearing was left to NDA and massive bungling in PSU bank loans again left for NDA to settle…. please read Urjit Patel’s statement in one of the business schools in US . I would appreciate if such articles disclose all issues before drawing conclusions.
Running a primary deficit, ie, borrowing to pay interest on borrowings is the classic definition of a debt trap. A private company – plantations of teak, chit funds, etc – doing this would be called a Ponzi scheme. 2. The only justification required to breach the FRBM mandated ceiling is that there is an election to be fought, which is now the perpetual state India finds itself in. A general election comes in several notches higher than Assembly elections. Parliamentary oversight is meaningless when there is such an impressive majority. With deferential Speakers, everything is now a Money Bill. 3. That leaves the markets. The sanctity of official data is now gone. That makes the rating agencies more apprehensive. Some years ago, Goldman Sachs cooperated with the Greek government to cook its books. That story had a sad ending. Sincere efforts are imperative to avoid a Junk rating.