The FM has avoided short-term populism, but with interest payments rising over 40%, they are eating into resources that would be better spent elsewhere Nirmala Sitharaman’s Budget has been widely hailed for achieving what can be called an impossible trinity […]
How interest payments swallow nearly half of India’s revenues Read More »
The budget has taken advantage of the fiscal space created by the end of the Covid free-food programme, lower fertiliser subsidies, and a sharp reduction in MGNREGA outlay. This has made possible the reduction of ₹37,000 crore in direct taxes.
Finance Minister delivers balanced Budget, minus freebies Read More »
The world economy is slowing and may experience a major recession later this year. In earlier recessions, India was hit hard, but the Economic Survey is confident that India has become a resilient economy, far more so than others, that
Resilient India can brave global headwinds Read More »
FM can increase the nominal value of benefits, but it will be less than the rate of inflation, resorting to what economists call money illusion Will we have an election budget, replete with goodies for sundry vote banks? Since the
In semi-election budget, expect semi-revdis Read More »
The Indian government has banned a BBC documentary series, India: The Modi Question, blocking it on Youtube and other digital outlets. The official reason—that it “undermines the sovereignty and integrity of India” and could affect public order and India’s relations with foreign
Instead of flexing our military might, Republic Day should become a day to celebrate the ideals enshrined in the Indian Constitution On January 26, the armed forces will spearhead the Republic Day parade near India Gate. Soldiers will march past to the
Reimagine Republic Day with less guns, more Gandhian approach Read More »
Those that have not followed the twists and turns of Iraqi politics may be surprised to know that the current regime in Baghdad is very pro-Iran. This has naturally dismayed US diplomats, who expected that by toppling Saddam Hussein in
Far from becoming a US colony, how Iraq has proved to be fiercely independent Read More »
The rising current account deficit is a warning. On the bright side though, India’s inflation rate is lower as compared to the US and Europe The government has for months reveled in foreign praise on how India has been so
Rising current account deficit is a warning Read More »
Social media have found that the most addictive way of grabbing the attention of viewers is to shower them with hate and sensational falsehoods, not carefully filtered truths. Human nature being what it is, hate and falsehoods attract far more
The Supreme Court is not a debating society. Its time is very scarce, and only the most important issues should merit a hearing. Demonitisation was not one of them What a terrible waste of precious Supreme Court time! In the
DeMon: Why SC should not take note of such cases Read More »
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