BOOK Review: Making debt Sustainable

Debt Sustainability of Subnational Governments in India Author: Hari Krishna Dwivedi Publisher: OUP Pages: 256 Price: Rs 1,162 Worrying about the debt sustainability of subnational governments (SNGs or state governments in India) is an acquired taste even amongst financial analysts. In the hands of an experienced professional, like the author — a distinguished civil servant, […]

Fiscal rectitude flows from resilient revenues

The Union government has done well to resist being dragged into “bhed-chaal” (following the herd) by blowing up its fiscal balance beyond repair in the hope of a steep economic recovery. The case for continued fiscal rectitude The fiscal deficit (FD) is on track to increase to Rs 12.5 trillion this year. The expected GDP […]

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