Can flying geese-Gujarat, Maharashtra, Tamil Nadu-Power India’s growth with stability?

State government performance is going to matter in the coming months of fiscal and economic stress. The national performance will depend in the near term, crucially, on how the better-performing states pull their weight. One criterion of state performance is the budget allocations for fiscal 2023-24 starting April 1st and the outlook on fiscal rectitude. […]

Indian Civil Services: Steel Frame or Steel Cage

BOOK REVIEW Transforming the Steel Frame: Promise and Paradox of Civil Service Reform EDITED BY VINOD RAI Rupa 2023 pp. 233; Rs 595 Vinod Rai — the editor — retired as the Comptroller and Auditor General (CAG) of India, one among a handful of constitutional positions that senior civil servants aspire to, if the apex […]

Indian Economy: Reading the Tea Leaves

In India, the Union government takes on a much broader fiscal mandate than is necessary. Some of this is driven by the constitutional allocation of tax mandates, which favor tax flows to the Union government. Nearly 20 per cent, on an average, of a state government’s revenue flows in a “waterfall arrangement” from the Centre […]

Taming Digital Titans

Between 2010 and 2022, the combined revenue of the top five digital titans in the United States (US) (Amazon, Meta, Apple, Alphabet, and Microsoft) exploded from US$ 181 billion to US$3.9 trillion a scorching growth of 29 percent per year. This rapid accretion of economic power invited deeper scrutiny and rethinking of whether the regulatory […]

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