A bottom up look at the annual budget

Despite the hoopla around the Union government’s Budget, for citizens, allocations in their state budgets matter more. Nearly two-thirds of total government expenditure is done by states and for capex, this could be even higher (FY 2020-21 BE data). Union FM primus inter pares Twenty-eight states and eight Union Territories share the enlarged pie at […]

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Playing with God’s world

Senior BJP leader Uma Bharati’s first reaction to the terrible news of the Chamoli glacier break/avalanche disaster on Sunday — “I told you so” – resonates with the reservations of all those who put a higher value on conservation than on the development of natural resources for economic growth. On Sunday, a part of the […]

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FM plays Shylock with steely grit

Episodes of fiscal stress are unpleasant. But, like war, they are necessary to separate the wheat from the chaff in governments expenditure profile. The growing overhang of debt servicing This year interest payments account for 89% of the budgeted fiscal deficit. The accumulated debt was incurred not to finance infrastructure or enhance investments. It is […]

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