Budget Trends – Increasing Tax/GDP Ratio and Capital Expenditure..

With various announcements in the budget for 2017-18, two important trends that emerge are the thrust on increasing tax/GDP ratio and increasing capital expenditure. For the first time after FY08, tax/GDP ratio is expected to cross 11%. More importantly, a large part of this would come from increase in income tax collection, more distributive method … Continue reading Budget Trends – Increasing Tax/GDP Ratio and Capital Expenditure..
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Indian Government Debt – Where Is It going..??

After reaching a level of 83% of GDP in FY04, Government debt (Central and States combined) has declined by 17 percentage point. While the decline is much desirable, it still leaves open the question whether government borrowing is essential for the economy and more importantly, how much is too much. A look at the discussion..  It … Continue reading Indian Government Debt – Where Is It going..??
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RBI Policy – So near, Yet so far…

RBI has kept the policy rates unchanged in its second bi-monthly monetary policy for FY17. Two critical elements that have played their part in shaping today’s policy decision are not-yet-arrived monsoon and the sudden surge in April Inflation. I wonder how different the policy statement would have been if the monsoon had arrived by now.. The … Continue reading RBI Policy – So near, Yet so far…
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