-Hindustan Times Here are three charts which can help us understand this. If there is one point on which the Union Budget 2021-22 has received bipartisan praise, it is the fiscal transparency it has brought into budgetary calculations. By bringing hitherto uncounted expenditure heads into the budgetary numbers, and accounting for past dues, the budget has done away with the dubious practice of artificially underreporting the fiscal deficit numbers. While this is a...
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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya
-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a Fiscal Stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...
More »India’s economy in 2020: Year of many questions -Anil Sasi
-The Indian Express India's economy in 2020: As Annus Horribilis 2020 comes to an end, there are positives in the economy: signs of a GDP rebound, and buoyant equity markets. But demand is weak, receipts are down, and the employment situation is grim. All eyes are on the Budget — and on the vaccines In a little over a month, Finance Minister Nirmala Sitharaman will present what she has heralded as “a...
More »Decoding the dip in public expenditure -Avani Kapur and Sharad Pandey
-Hindustan Times Despite enhanced commitments across spheres, the government has spent less this year than it did last year Typically, when a crisis hits, the expectation is that the Centre — which has more revenue-raising abilities than states — will take the lead in preparing a fiscal road map, loosen its purse strings and raise expenditure significantly. The Covid-19 pandemic is unprecedented in its scale and impact. But this is also when...
More »From PM economic council to Niti Aayog, growing disquiet over Govt tight fist -P Vaidyanathan Iyer
-The Indian Express Advisors urged fiscal push in form of wage subsidy, rural infrastructure Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for further stimulus” and its timing. That may not be much of an assurance given the growing sense of disquiet in expert bodies including the Prime Minister’s Economic Advisory Council, the Niti Aayog and the Chief Economic Advisor’s...
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