Public Finance

Govt track record says Budget 2012 will be bad: Jim Walker

The government's willingness to cut back subsidies will be on stern test, but it will likely disappoint, says the economist.

NREGA lifted consumption, not productivity: Crisil

The government needs to increase its focus on the agricultural supply chain, if it wants to lower inflation.

Budget a mixed bag of credit implications for corporates: Moody's

Dependence on corporate tax revenue and vulnerability to commodity prices and exchange rates weakens the government's credit profile and lack of specific policies in the Union Budget to address these weaknesses is "credit negative", Moody's said in a research note

Rising fiscal deficit will have inflationary implications:RBI

The Reserve Bank today said key fiscal deficit indicators have worsened during the current financial year on account of rising subsidies.

Why India's 9 percent growth target is not within grasp

A budget that assumed economic growth of nearly 9 percent this fiscal year and projected bold deficit cuts was viewed as ambitious when it was released in February. With the benefit of hindsight, it now looks to have been a pipe dream.<br /><br /> <br /><br />

Govt in no mood for a general stimulus package: Rangarajan

Chairman of Prime Minister's Economic Advisory Council C Rangarajan said that the government is determined to contain fiscal deficit and ruled out stimulus for all sectors.

Fuel price hike: Popular outrage, and false economics of subsidies

It's a myth that subsidies shield the poor and that any reform of the subsidy regime works against the interest of the indefinable 'aam aadmi'.

Pranab-da's 'austerity' cannot fix UPA govt's economic sins

The Finance Minister's 'remedy', which focusses on unspecified 'austerity' measures, could compound the stagflation crisis if it shrinks aggregate demand.The real fixes like elsewhere.

Voda case: Govt sets up advisory group on taxing overseas deals

The advisory group, which will also have representatives from the industry chambers, will suggest to the government ways to reduce tax litigation, including transfer pricing, Finance Ministry sources said.<br /><br />

Dependence on corporate tax hurting India: Moody's

Dependence on corporate taxes hurts because every time GDP slows, deficit figures shoot up. A longer term solution is to diversify tax base, an attempt made with the goods and services tax.