It is only too evident that the Modi government is a strongly centralising one in many ways – and this is also clear from various fiscal moves. In 2015, it accepted the recommendation of the 14th Finance Commission to increase…
The Modi government has moved so rapidly to dismantle so many institutional and regulatory structures that have underpinned Indian democracy that it is easy to lose track. Among the many such moves that are likely to have long-term adverse consequences…
As the term of the current NDA government nears its end, with signs of popular dissatisfaction over its performance on the economic front, the urge to ramp up expenditure to woo the electorate intensifies. But a number of factors have…
The decision of the newly elected Congress-led governments in Chattisgarh, Madhya Pradesh and Rajasthan to implement the manifesto promise to waive farm debt has set off a controversy. Opposition to the move comes not just from opposing parties. In fact,…
July 2018 marks the first month of the second year in which the much-heralded Goods and Service Tax (GST) regime has been in place. When launched 13 moths earlier, in a propaganda blitz that (wrongly) claimed that this “one nation,…
July 2018 marks the first month of the second year in which the much-heralded Goods and Service Tax (GST) regime has been in place. When launched 13 moths earlier, in a propaganda blitz that (wrongly) claimed that this “one nation,…
Growing concerns on the current state of the Indian economy, which have been met with responses filled with assurances and proposals from official circles for remedial actions on part make it urgent to delve into the issues which spell out…
Billionaire financier George Soros has set financial markets aflutter by suggesting that a new world financial crisis is in the offing. In a speech he gave recently to a think-tank, he underscored the outflow of finance capital from the third…
September did not begin well for the Narendra Modi government. As it prepared for a makeover in the form of a cabinet reshuffle with elections 2019 in sight, news came that India’s GDP growth had slowed significantly to 5.7 per…
Volume II of the Economic Survey which was brought out by the Ministry of Finance a few days ago paints an extremely grim picture of the Indian economy. The growth rate of real Gross Value Added (GVA which is the…
