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Budget 2012 needs a top-quality policy effort
Firstpost spoke to several of India’s top economists, and all of them had fiscal consolidation and restoration of business confidence on top of their lists. The National Institute of Public Finance and Policy's Ajay Shah says we can no longer count on luck. “The world economy is in bad shape. It #Ajay Shah #Budget 2012 #Budget2012Video #National Institute of Public Finance #Pranab Mukherjee
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Budget 2012 must rein in populist spending
If there is one thing almost all economists agree on, it is that Pranab Mukherjee must try to rein in populist spending to bring about fiscal consolidation and boost growth. Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that “the top #Budget 2012 #Budget2012Video #fiscal consolidation #Pranab Mukherjee
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Cutting subsidies is key to fiscal correction: Surjit Bhalla
The fiscal deficit in 2011-12 is not looking like an encouraging number, with a widening gap between the centre’s expenditure and revenue. Deficit will most likely be hugely higher than the 4.6 per cent of gross domestic product (GDP) envisaged at the time of the last budget. But despite signs #Budget2012 #Budget2012Videos #Firstpost Anniversary #Fiscal Correction #Subsidies in India #Surjit Bhalla
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Budget 2012 is for being responsible, minus populism
If there is one thing almost all economists agree on, it is that Pranab Mukherjee must try to rein in populist spending to bring about fiscal consolidation and boost growth. Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that “the top #Ajay Shah #Budget 2012 #Budget2012Videos #Congress #Firstpost Anniversary #fiscal consolidation #Indranil Pan #Pranab Mukherjee
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Boosting business sentiment should be goal of Budget 2012
India’s annual budget for 2012-13, due in two weeks’ time, is crucial given the challenging economic environment at present. With a growth slowdown looking imminent, inflation still not entirely under control, less than supportive global environment and high interest rates, experts think that a policy that boosts business sentiment could #Ajay Shah #Budget2012 #Budget2012 Videos #experview
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Should India help the euro? We’re most exposed there
Brazil’s recent initiative to get the BRIC economies to come together to aid the beleaguered eurozone might have met with a lukewarm response so far, but that does not mean the eurozone is not significant for the Indian economy. In fact, the economic significance of the eurozone is actually far higher #BRIC #Eurozone #How This Works #India
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Four trends which make a strong case for RBI rate hike
Voices of dissent against the Reserve Bank of India’s (RBI's) persistent monetary tightening have grown louder in recent months. A number of arguments have been put forth expressing the fear that the RBI might have hiked interest rates once too often to be good for the economy. Inflation, for instance, is #Inflation #Monetary policy #Numbers #Rate hike #RBI #Repo rate
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We are Indians, we love cash: A tale of 2010-11
The economic turbulence and inflationary scenario of 2008-2011 has made Indian households risk-averse. According to data released by the Reserve Bank of India (RBI) in its annual report for 2010-11, Indian households are dumping equity, and investing more in government-backed savings schemes (public provident funds and post office savings schemes), and #How This Works #RBI annual report
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Media seems to be aiding the anti-corruption mobilisation
As the Anna Hazare led anti-corruption movement rules air-time across media channels, and the latter are being seen as fuelling the movement further, the trend of increasing corruption reportage over the past few years came to fruition this year. Exactly one year ago, the Centre for Media Studies (CMS) released a #Anna Hazare #Corruption #Media #TheLongView
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The rain gods are smiling, so expect a good kharif crop
At last, a break from bad news. While news from the global economy continues to be gloomy, the latest trends on the kharif crop for 2011 give reasons for some cheer. Latest reports on the monsoon's progress, sowing trends, and the offtake of agricultural inputs all point to a good farm output. #Farm To Fork #Kharif crop #Monsoon