-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The FIRst budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...
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Falling far short of the goal -CP Chandrasekhar
-The Hindu The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman’s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented...
More »A Budget that goes nowhere -C Rammanohar Reddy
-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her FIRst Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...
More »Ratnagiri Dam breach toll 18, questions raised about possible negligence -Sushant Kulkarni
-The Indian Express The Opposition in the Maharashtra Assembly has also demanded that a case be registered against local Shiv Sena MLA Sadanand Chavan, who was closely associated with the FIRm Khemraj Constructions, which had built the dam in 2004. With the death toll in the floods caused by a breach in the Tiware dam in Ratnagiri’s Chiplun rising to 18, questions are being raised about possible negligence on the part...
More »Why young, not ageing, FIRms can spur job creation -Dhirendra Tripathi
-Livemint.com * Contrary to popular belief, the Economic Survey 2019 says “dwarfs”—over 10-year-old FIRms with less than 100 employees—which account for a majority of FIRms in organized manufacturing, hold back job creation and productivity * Mint explains why it is so and the way out How do small and young FIRms fare in terms of job creation? The Economic Survey says the contribution of small FIRms to output and employment in the manufacturing sector...
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