-The Hindu The institution can play an important role in refreshing India’s fiscal federalism India’s Constitution-makers thought of India as a union of States with a centripetal bias, done, advisedly, to preserve the unity and integrity of a newly fledged nation. Since then, the Indian economy, polity, demography and society have undergone many changes. The new aspirational India is now firmly on a growth turnpike. It is in this context that we...

-Livemint.com To keep up with the pressure of making headline Fiscal Deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the Fiscal Deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...

-The Hindu Business Line Q4 GDP growth is at 5.8%; joblessness is highest in 45 years Four different macroeconomic data points released on Friday — GDP growth, Fiscal Deficit, unemployment numbers and core sector data — brought to the fore the enormous challenges the Modi 2.0 team faces in resurrecting the faltering economy and restoring the confidence of investors. The four macro data points — albeit for different periods — present a less-than-optimistic...

-The Hindu In the heated debate on jobs, the crucial link between macroeconomic policy and unemployment has not been flagged Innumerable tasks with respect to the economy await the winner of the parliamentary elections now under way, but two may be mentioned and they are connected. The first is to review the conduct of macroeconomic policy. Though it must come across as arcane, this is an element of public policy that makes...

-The Indian Express The NITI Aayog VC had dismissed Congress's promise of a minimum income of Rs 6000 to the poorest 20 per cent households saying the party can “say and do anything to win elections”. New Delhi: RESPONDING TO the letter seeking an explanation for his criticism of the proposed Nyunatam Aay Yojana (NYAY), NITI Aayog Vice-Chairman (VC) Rajiv Kumar told the Election Commission (EC) on Tuesday that he spoke...