-The Times of India GANDHINAGAR: Though the Modi government claims the state is in good financial health, the state exchequer's earnings seem to have fallen drastically. The state's taxmen failed to meet the Rs 45,000 crore target, falling short by a whopping Rs 4,068 crore. This has created a huge deficit and sent into a tailspin the state finance minister's tall claims about a revenue surplus budget. According to the state finance...
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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
More »Who is really to blame for India’s growth slowdown and inflation?- Niranjan Rajadhyaksha
-Live Mint Data shows that Indian growth has moved in sync with what was happening in the rest of the world while Indian inflation has had a life of its own Mumbai: The war of words between P. Chidambaram and Yashwant Sinha on the way the Indian economy has been managed over the past decade is the sort of political grandstanding that is expected in the last stage of what has...
More »Congress manifesto: right to health is next on agenda -Kundan Pandey et al
-Down to Earth Grand old party of India renews some old promises and makes some new ones, but will Congress live up to its promises if it wins a third term? The Indian National Congress (INC) presented its manifesto for the upcoming Lok Sabha elections on Wedneday. The manifesto committee claimed the 48-page document was prepared after wide consultations by engaging millions of people, grassroots congress workers and every section of the...
More »Pension Parishad members criticize Interim Budget for 2014-15
-Press Release Pension Parishad Pension Parishad members have decried the manner in which the UPA-II government is appeasing the credit rating agencies and captains of finance and industry while ignoring millions of elderly and deprived people of their right to social security in this country New Delhi, 17 February 2014: Describing the Interim Budget for 2014-15 "as an absolute let-down", Nikhil Dey, speaking on behalf of the Pension...
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