An amount of Rs 95,000 crore has been released so far to the states and UTs with legislature to meet GST compensation shortfall, apart from an additional borrowing permission for Rs 1,06,830... Read more »
The spending-to-GDP ratio will be lower than the projected nominal GDP growth for next year, which means the government is going in for aggressive fiscal consolidation when the Indian economy is facing... Read more »
The Chinese economy has made major strides in industrial and technological spheres, but its ascent to the top of the economic ladder is fraught with several economic and social challenges. Read more »
The RBI needs to do a fine balancing act between withdrawing the ultra-accommodative monetary policy and ensuring the smooth completion of the government’s borrowing programme. Read more »
While the advanced economies have woken up to the reality that monetary easing alone would not ensure growth, Budget 2021 has made a hasty retreat from the fiscal steps taken in previous... Read more »
Finance minister Nirmala Sitharaman shows good intentions in Budget 2021, but stops short of loosening the purse strings because of resource crunch. Read more »
The use of digital technology can make the ambitious Budget 2021 work to support the local economies, leading to an exponential growth in exports and employment. Read more »
The focus of Budget 2021 on physical/financial capital and infrastructure does not seem to be in sync with the idea of Atmanirbhar Bharat that will require the creation of a large number... Read more »
In Budget 2021, the finance minister seems to have utilised the pandemic-led fiscal slippage to clean up the government’s books at a modest marginal cost. Read more »
Most of the numbers rattled by Nirmala Sitharaman in Budget 2021 speech are for the next five years, highlighting the fact that India still needs five-year plans and the Planning Commission. Read more »