Fiscal murmurs

Economic downturns are cruel. They impose traumatic disruptions in incomes and lives – salary cuts, extended long leave without pay, outright job loss, drying up of business income or bankruptcy.  The cash crunch for government is at crisis levels The government is no different. Revenue receipt of the Union government in May (Rs 0.17 trillion) […]

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Chasing a V shaped recovery

Macho men have a subliminal attachment to the V shape because that is what they are supposed to look like. No coincidence then that virility is also spelt with a V. The sad truth is that a V shape does not come naturally. It is the consequence of lots of grunt work to sculpt away […]

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The price of fiscal exuberance

Politics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]

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A “Big State” post COVID19

Asking a politician to abjure politics is like telling a dancer not to tap his feet to the music – a physical impossibility. Expectedly PM Modi used the April 14 COVID update to pay his respects to Baba Saheb Ambedkar whose birthday it was – illustrating the proclivity of BJP managers to red flag branding […]

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Political & economic sense: Extending lock down = caving into the COVID 19 threat

How well the government has done in managing the crisis will be known after the crisis is over. Sadly, too late to be of interest to the average reader. What can be assessed contemporaneously is whether government is headed in the right direction. Thanks to the great India genome, natural selection, geography or strong government […]

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