Unraveling fiscal stress

Economists belabour the point that emerging out of the pandemic–induced economic downturn is qualitatively different from emerging out of a long–drawn economic recession. Simply put, it is easier to get back to where you were. Turning on a light switch and flooding a dark room with light instantly is apt for describing what happens once […]

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Is Delhi democratically enfeebled?

A bill approved by both houses of Parliament last week March  2021, will sharply reduce the Delhi’s Government’s ability to act independently of the Lieutenant Governor (LG), an appointee of the President of India (ergo the Union government). Every executive decision has now to be referred to the LG. Similarly, whilst the Delhi Assembly can legislate, […]

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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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India till 2030- Testing the marginal utility of political stability

A decadal “look ahead,” even as geopolitical, technological and environmental disruptions push uncertainty to worrying levels, closely resembles a fool’s wager. The upside, however, is an even chance of getting it right, just like everyone else. DOMESTIC POLITICS — The silence of stability Our biggest challenges will emerge from domestic politics. The political threats are […]

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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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