A Decade Gained & Lost: Why PM Singh’s Choices Are Limited

  Highlights * Government in crisis situation and measures had to be taken to revive growth. * Petroleum subsidies zoomed to Rs 83,000 crore in 2011-12, and are expected to increase in the current year. * Increased FDI could ease balance of payment situation.   India was engulfed in a political storm in early September … Continued

PM sets up the Architecture for Cash Transfers

A Cash Transfer System can be used for transferring cash benefits such as NREGA wages, scholarships, pensions, income support of other types and health benefits. Cash Transfer System would improve targeting, reduce corruption, eliminate waste, control expenditure and facilitate reforms….Read More

No extra borrowing in the current year: Finance Ministry

The government has budgeted a total borrowing of Rs 5.14 lakh crore in the current year. But the general expectation is that the fiscal deficit will be about 5.6% -5.7% for the year, implying an additional borrowing of Rs 40,000-Rs 50,000 crore….Read More