Budget Fy 2023 – Saying sorry is ok

The drama and spectacle around Budgets in India are completely undeserved. More than four-fifths of the Union Budget demands relate to expenditure that is carried through from past decisions, leaving little leeway for bold new outlays. And even when such programmes are budgeted, it is unclear who is going to pay for the added expense. […]

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Democratic overload

Amitabh Kant the CEO of NITI Ayog got a taste of the underside of celebrity status when his remark on there being “too much democracy in India” created a social media storm of protest. Mr. Kant clarified subsequently that the news coverage had omitted the latter part of his sentence “……. for it to be […]

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Trudging up the recession gorge

We have got used to being feted by the international community as a “rising great power”. This suits our exaggerated self-perception and the choreographed diplomatic dance of real Great Powers (US and EU) with China, truly, a risen great power, albeit increasingly not a benign one. Covid mirror The Covid epidemic has shown up all […]

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Is India the global fall-guy?

It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]

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Modi takes charge of the budget

In the run up to the annual budget it is said the Prime Minister is engaged in reviewing the working of departments in eleven hour long meetings. The PMs brand managers possibly think this nugget will comfort the nation that all is well, now that the man at the helm has his hand on the […]

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