governance, political economy, institutional development and economic regulation
Between spending and saving, governments are generally better at the former. High growth comes with the advantage that government revenue expands and gets spent, as is happening this fiscal. But this is also habit forming. If growth tapers down – as is expected in FY 2024- cutting back government spending will be politically rocky just […]
Read More Fiscal Options for Budget 2023-24Now that we all live in a real time world, courtesy the near ubiquitous digitization of our lives, government processes which share economic information with a lag, are irksome at best and superfluous at worst. Consider that the scheduled release today, of the official version of GDP destruction in Q1 of fiscal 2021 (April to […]
Read More Economic bitesWho can imagine the demons in a person’s mind which push him to end his life? Nor can one be privy to the dull pain of the inevitable, unnecessary guilt, in the minds of family and friends — whether doing something different could have prevented it. The pull of family pride Remember the 2018 Rajkumar […]
Read More Coffee King buckles(photo credit: http://www.gettyimages.com) For the small, timid investor and retirees, Provident Funds and Postal Savings were the investment vehicles of choice till 2000. Interest rate liberalization resulted in a progressive decrease in interest levels on long term deposits from 12% to 8.5% per annum. The reform was sensible. Government could not afford to subsidize the […]
Read More Winning Aged Votes via Budget 2015
Opinion India 