Budget. Lessons missed.
The reprioritisation that was so necessary, by allotting substantially higher funds to cater to the needs of the marginalised sections is not visible in the Budget for 2024-25.
Category Public Finances and Macroeconomics
Macroeconomic Mastery and Misses: Insights from Budget 2024
No one expects the Budget to be divorced from politics, but no one expects it to be suffused with politics so far away from the next general elections either.
Navigating India’s Urban Fiscal Landscape: Priorities of the 16th Finance Commission
How do other countries devolve funds to their local governments? Why is the Census significant?
Criticism is not unpatriotic
The former chief economic advisor's characterisation of criticism against Indian economy as being 'unpatriotic' is in line with the current environment in the country of wanting to show loyalty to the King.
0.016% People’s Wealth Being Protected
In the last three days, wealth redistribution has become a hot electoral issue. It’s being said that the ‘big bad State’ will snatch the properties from everyone and, in Robin Hood style, be distributed to outsiders.
Enhancing Corporate Governance and Performance through Shareholder Democracy
Japanese companies initiated the practice of letting workers give feedback on how shopfloor activity could be improved. That led to workers engaging consciously with their work, gave workers more agency and involvement in their work, improving quality and productivity. Workers, in any case, exercise democracy in the working of their unions and associations.
The Hidden Toll of Fiscal Consolidation: Social Sectors Shoulder the Burden
India wants to be among the top 3 world economies by 2047, which is dependent on greater spending on education, health and social welfare schemes. But the Interim Budget harks back to lower allocation trends.