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Was Dr Reddy Right In Asking For Caps On Inflows?

Back in 2004, when India’s foreign exchange reserves crossed the $100 billion mark, Planning Commission deputy chairman Montek Singh Ahluwalia proposed using a part of what was then viewed as…

Why India’s Current Account Deficit Problem Vexes Everyone

In his latest Budget Speech on 28th February 2013, Finance Minister P Chidambaram expressed concern over India’s Current Account Deficit (CAD), saying “CAD continues to be high mainly because of…

Budget 2013: Breaking Down The Numbers With Outcomes

Continuing with the focus on rural development, Finance Minister P Chidambaram increased the allocation for the Ministry of Rural Development by over 40% in Budget 2013-14.  IndiaSpend’s Budget primer series…

Budget 2013: Subsidy Bill Continues to Balloon, Healthcare Still A Dream

Finance Minister P Chidambaram left a lot of questions raised in IndiaSpend’s primer series unanswered in Budget 2013-14.  Let us start with subsidies and health spending.   Question #1) Will…

Can India’s 150,000 Post Offices Really Become Banks?

India’s post offices (India Post) have tried to function as banks but have lacked an integrated banking structure or a core banking solution. Without integration, customers are confined to dealing…

Budget 2013: Costing India’s Flagship Schemes

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Budget 2013: The Dope On Who Gets How Much

The Ministry of Finance, the Ministry of Defence and the Ministry of Consumer Affairs, Food and Public Distribution have been the top spenders.   So, what are the reasons driving…