Fiscal love for job loss

Times are tough. Exports are in free fall. The import bill is increasing as oil prices harden in response to the international oil cartel’s plans to cut production. Domestic demand is moribund despite the largesse of the Seventh Pay Commission for the public sector. The stock market has sagged. Informal sector jobs are under threat. […]

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Budget 2017 “pull in” black money

Photo credit: Kundan Srivastava A month has passed. Opinion is unanimous that demonetisation has failed as an instrument to end terror or black money. Brazen terror strikes continue. The shadow industry for converting black into white has perversely got a boost from a new business vertical — converting “old black” into “new black”. Worse still, […]

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