-PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that...
More »SEARCH RESULT
Total Matching Records found : 44
Quality of spending comes under radar as fiscal draws to a close -Surabhi
-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
More »The foreign hand isn't enough -Alex M Thomas
-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...
More »Centre owes Rs. 80,000 crore to States, says CAG report
-The Hindu The finding has the potential to significantly impact the finances of most States The Centre owes the States over Rs. 80,000 crore from its net proceeds of the period between 1996 and 2015, according to a Comptroller and Auditor General (CAG) report tabled in Parliament on Friday. The revelation has the potential to significantly impact the finances of most States, because most of them could end up getting a few thousand...
More »The season of scorching ironies -Yogendra Yadav
-The Hindu It is the Supreme Court and not Parliament that has found time to pay attention to serious issues of drought relief and mitigation for hundreds of millions of Indians Irony. This one word captures our response to the ongoing nationwide drought in more ways than one. We have woken up to the reality of drought a full six months after the end of monsoon. After waking up, we focus on...
More »
