On August 30, as the media waited for the release of the second quarter growth figures that would reveal severe growth deceleration, Finance Minister Nirmala Sitharaman sought to pre-empt any adverse response with a major policy announcement. Ten public sector…
That the Indian economy is currently experiencing a slowdown has been rather evident, both with the deliberations in different private circles and in the official statement announcing a set of remedial measures on August 23. Downtrends in the economy are visible in…
On July 29 the terms of reference of the Fifteenth Finance Commission were suddenly modified by a Presidential order. The Commission is now being asked to examine whether a separate mechanism for financing expenditure on defence and internal security should…
