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Analysis: The devil is in the detail
As the markets pore over the fine print, they are likely to turn a lot more circumspect, writes Abheek Barua, Chief Economist, HDFC BankTo be fair to the finance minister (FM), one can't complain of a "reforms" deficit in the Budget. Take tax reforms. Even as the current avatar of the Direct Taxes Code (DTC) might be quite different from the form in which it was conceived, it is now certain that
As the markets pore over the fine print, they are likely to turn a lot more circumspect, writes Abheek Barua, Chief Economist, HDFC BankTo be fair to the finance minister (FM), one can't complain of a "reforms" deficit in the Budget. Take tax reforms. Even as the current avatar of the Direct Taxes Code (DTC) might be quite different from the form in which it was conceived, it is now certain that
Analysis: Obama budget lays down opening bid
The president's budget has all the trappings of a financial document — ledgers, tables, economic projections. But it is, foremost, a political declaration.
The president's budget has all the trappings of a financial document — ledgers, tables, economic projections. But it is, foremost, a political declaration.
Analysis: Obama hoping for Reagan-like rebound
Betting on an improving economy to reduce government deficits worked for Ronald Reagan, and it may for Barack Obama as well.
Betting on an improving economy to reduce government deficits worked for Ronald Reagan, and it may for Barack Obama as well.
A positive, but not a reformist Budget: MF Global
In the last Union Budget speech, the Finance Minister had said that "a single Budget speech cannot solve all the problems of any economy but it is an instrument to solve those problems". His
In the last Union Budget speech, the Finance Minister had said that "a single Budget speech cannot solve all the problems of any economy but it is an instrument to solve those problems". His
Private investment inflow expected to boost GDP: Firstcall
Government would like to continue with this practice of extending Government subsidy in cash, thereby bringing all subsidy related liabilities into Government’s fiscal accounting. Budget news |
Government would like to continue with this practice of extending Government subsidy in cash, thereby bringing all subsidy related liabilities into Government’s fiscal accounting. Budget news |
Budget initiates some action to reduce debt: Networth
The FY11 budget shows government inaction in terms of near-term fiscal consolidation. Cutting the fiscal deficit from 6.9% to 5.5% of GDP in FY11 is a step in the right direction – but this is in
The FY11 budget shows government inaction in terms of near-term fiscal consolidation. Cutting the fiscal deficit from 6.9% to 5.5% of GDP in FY11 is a step in the right direction – but this is in
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