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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Quovadis COVID refugees?

Whither art thou going? This is the question that will now be asked of the flood of COVID refugees fleeing the cruel and unfeeling cities to the “safety” of their rural homes. District authorities and border controls will now turn them back to the hell holes they tried to escape from. To what end? Return […]

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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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