The pre-budget deliberations are largely focused on how much would be the fiscal slippage for the current year (FY20) and what would be the extent of borrowings projections for FY21. The exercise this year is probably the toughest in recent years, a delicate balancing act trying to demonstrate commitment to fiscal discipline on one hand … Continue reading Budget – Five Decades of Public Finance..
The annual OXFAM report makes for another distressing reading with world’s billionaire, totalling just 2,153, owing more wealth than 460 crore or 60% of humanity on earth! Further, wealth owned by top 1% is twice that of 690 crore or 90% of humanity. What makes it worse is that governments across the world are in … Continue reading OXFAM Inequality Report – Sign of Economic Health or An Economic Crisis??
The years begin with wishes for a Happy New Year but turn out to be just another year for most of the population. Indeed, the efforts of us as individuals, as society or as a nation are not even aligned towards making it so. The guiding principle remains the GDP growth which is expected to … Continue reading Beyond GDP – Measuring Gross Domestic Happiness..!!
Even though Indian Legal System has stood the test of times for its rule-based judgment process and fair trial, there is one adage on which it has possibly, failed to deliver. And that is, “Justice delayed is justice denied”. The same applies not only to civil or criminal cases but also to business cases. Indeed, … Continue reading Indian Legal System – “Justice Delayed is Justice Denied”.
The Human Development Index (HDI) report released by United Nations Development Programme (UNDP) yesterday paints a stark picture of inequality across the globe. While humanity has managed to bring a large number of people out of extreme poverty, newer forms of inequality have emerged. More worryingly, countries with low HDI not only have a low … Continue reading Human Development Index – Increasing Divergence..
The response to the VRS (voluntary retirement scheme) offers of BSNL & MTNL has been unprecedented and has given a boost to government’s attempt to revive them. Almost half of the employees have opted for VRS which would help the combined entity control one of its major cost items. The next major challenge is to … Continue reading BSNL – MTNL Revival – Can They Pull if off??
FDI and FII inflows have become an integral part of Indian economy with much of the gyration of the stock market attributed to FII movement. These, together with some other elements, form what is called Capital flows (or financial flow) and provide the dollars necessary to cover the current account deficit (CAD). CAD refers to … Continue reading Capital Flows – FDI, FII and the Rest…
Major news for the week are reasonable growth in IIP, declining automobile sales, reasonable bids received by IL&FS for its road assets and sale of stake by ADAG group company. In the international news, ECB re-starts its bond buying in a sign of anticipated slowdown. Index of Industrial Production (IIP) for the month of July’19 … Continue reading Weekly Round Up – Week 37