-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...
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Fresh farm crisis brews in Maharashtra as banks tighten purse strings -Abhiram Ghadyalpatil
-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...
More »India's GDP grows 7.7% in Q4, retains fastest growing economy tag
-PTI NEW DELHI: India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output. India's economic expansion at 7.7 per cent was significantly higher than China's 6.8 per cent in the January-March period. However, the Indian economy on yearly basis grew at a four-year low of 6.7...
More »Flagship Governance Programmes: Who Did it Better, UPA-II or Modi Government? -Ravi Nair
-TheWire A recent article claimed that the Modi government has significantly improved or tweaked the implementation of various schemes started by the UPA-II administration. But the numbers quoted need to be questioned. The Wire recently published an article titled ‘Modi May Have Repackaged 23 UPA Schemes But Most of them Are Working Better Now’. The authors’ main thesis is that even if the names of the government schemes have been changed or...
More »How will India address illegal sand mining without any data? -Ishan Kukreti
-Down to Earth New laws to regulate sand mining have not had much impact Illegal sand mining is a perennial problem in India. But it assumes gargantuan proportions right before the onset of monsoon because swollen rivers make extraction extremely difficult during the rainy season. To make most of the lean period, mine owners and hoarders try to dig out as much sand as possible, through legal and illegal means, in...
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