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IT remains a genuine confusion as to whether invoking “escape clause” to deviate from the fiscal consolidation path is in response to the unanticipated outcome of structural policy announcements or whether it is for increasing capital spending.
Economists often push the idea that strict adherence …
Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy
In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by …
From fiscal goals and meaningful allocations to boosting growth and being accountable, Budget 2020 provides the opportunity for a new narrative.
Unlike earlier years, the ‘economics of the government’ is no longer exclusively revealed on Union budget day, where the finance minister would announce new economic …
(Coauthored with Lekha Chakraboty)
Estimating the buoyancy of own tax revenue and its important components for Himachal Pradesh for the period 1980 to 2017.
Himachal Pradesh was ranked second amongst all the states and Union territories of India, with a score of 69, …
Back to the public sector?
03/01/2020
Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.
Implementing a recent announcement, the Ministry of Finance released the National Infrastructure Pipeline Report (NIP). …