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Wake-up call
The latest report of the Economic Advisory Council, or EAC, to the Prime Minister is a wake-up call, because it presents the macroeconomic quandary more clearly than has been done in the past. While headline attention in the media has focused on the expectation of faster economic growth next year (between 7.5 per cent and eight per cent), that is the relatively unimportant part of the Council’s
The latest report of the Economic Advisory Council, or EAC, to the Prime Minister is a wake-up call, because it presents the macroeconomic quandary more clearly than has been done in the past. While headline attention in the media has focused on the expectation of faster economic growth next year (between 7.5 per cent and eight per cent), that is the relatively unimportant part of the Council’s
Flower power
The fiscal deficit may be a huge cause of concern for Finance Minister Pranab Mukherjee as the Budget nears but the government’s cost-cutting efforts are often hampered by its own rigid
Expenditure cap to narrow fiscal gap
As a widening fiscal deficit stares at government finances, a small hope to get some savings has come from the finance ministry’s rule that no government department spend more than 33 per
Tough love
How cruel. Moody’s is threatening to dump the UK’s triple-A rating. Its justification —“materially weaker growth prospects” – has been seized by the
Govt aims at 4.9% fiscal deficit in FY13
The finance ministry is likely to peg the fiscal deficit for 2012-13 at around 4.9 per cent of the gross domestic product (GDP) in the Budget. It may also revise the figure for the current financial
The finance ministry is likely to peg the fiscal deficit for 2012-13 at around 4.9 per cent of the gross domestic product (GDP) in the Budget. It may also revise the figure for the current financial
A K Bhattacharya: Get the diagnosis right
Now that the advance estimates of national income for 2011-12 are out and greater clarity has emerged on the nature and extent of the current economic slowdown, it is important to demolish the myth
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