It’s that time of year again, when people start talking about what the Union Budget may bring in the shape of fiscal policy changes and what it will show about public finances in the previous year. But increasingly, such discussion…
It is not the most conducive time for Finance Minister Nirmala Sitharaman to present her second budget. Growth is decelerating sharply, revenues are lagging behind targets, the government’s off-budget transactions that make a mockery of budget estimates are being revealed,…
The universe of Indian startups is teeming with ‘unicorns’, industry slang for firms with valuations in excess of $1 billion. But most have yet to show the profits that legitimise that valuation, and many are bleeding. That was ignored till…
Even while the effort to resolve the crisis resulting from non-performing assets in the banking sector was underway, India’s financial sector was overwhelmed by failures of large non-bank financial companies. In the discussion that followed the collapse of these NBFCs,…
In the revised estimates for 2018-19 reported in Budget 2019, the NDA government had hugely inflated figures on central revenues and expenditures in 2018-19. This was one of many signals that it was faced with a fiscal crisis it did…
Anyone who has been following the upsurge of protests across the country in the wake of the CAA-NRC moves of the government would have been impressed and inspired by the role played by young women. They have been forthright and…
In the latest of many critical interventions since he demitted office as Chief Economic Advisor to the Government of India, Arvind Subramanian (in collaboration with Josh Felman, together hereafter referred to AS-JF) has argued that the recent sharp deceleration in…
With the Index of Industrial Production (IIP) registering negative month-on-month annual rates of growth over the three months ending October 2019, the perception, based on trends in individual industries, that Indian industry is experiencing or is on the road to…
Unless the Trump administration’s views on the WTO change dramatically, December 11 could mark the end of an era in global trade. On that date two more members (of the three in position out of a mandated seven) of the…
It is now widely recognised that the Finance Minister misinformed Parliament when presenting the Revised Estimates for central government revenues and expenditures in the Union Budget presented in July 2019. That fact has, however, been largely forgotten, perhaps because to…
