-TheWire.in Consumer spending surveys help set the base year for key macroeconomic data, including gross domestic product. New Delhi: More than a month after National Statistical Commission (NSC) chairman Bimal Kumar Roy said the official survey report showing a dip in consumer spending for the first time in over four decades would be made public, the autonomous data body decided against releasing the report. When asked why the NSC departed from its earlier...
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India's slashed education spending should alarm all -Bharat Dogra
-Newsclick.in The latest education budget needs condemnation but got kudos. In recent times there has been growing discontent in universities and colleges over rising fees and cost of education. The growing worries about access to higher education for students of modest means extend beyond this, to the steady privatisation of higher education. Already, according to the government’s own data, nearly 77% of the colleges, accounting for about two-thirds of the students, are...
More »How deep is India's fiscal hole? -Nikita Kwatra
-Livemint.com Taking into account a likely shortfall in revenue and off-budget spending, the real fiscal deficit could be as high as 5.5% of GDP in the current fiscal Mumbai: As India’s economic slowdown has intensified, so has the debate on whether the government should stick to fiscal consolidation or run a higher deficit to push growth in the upcoming budget, due on 1 February. However, data on revenue available so far suggests that...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost Public Spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union budget. The...
More »Leaning on the states -M Govinda Rao
-The Indian Express Defence is a national public good. It is the primary responsibility of the Centre. The amendment to the terms of reference (TOR) issued to the Fifteenth Finance Commission asking it to examine “..a separate mechanism for funding of defence and internal security ought to be set up and if so, how such a mechanism could be operationalised,” has triggered some suggestions on the need to have a relook...
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