#frbm

fingers up inside my righteousness

a loose body laying lifeless

convenient night time facial blindness

awake but not conscious

limp and dissociated out of tightness

just the way you like us

helpless, spineless

a gradual fight’s subsidence

Fiscal Deficit: Fiscal discipline not junked, govt aims at 4.5% deficit by 2025-26 | India Business News – Times of India

NEW DELHI: The government will continue on its path of fiscal consolidation and intends to reach a fiscal deficit of below 4.5% of gross domestic product (GDP) by 2025-2026, finance minister Nirmala Sitharaman said in her budget speech. The government expects a fairly steady decline over the years. “We hope to achieve the consolidation, first, by increasing the buoyancy of tax revenue through…

Borrow more to stimulate demand, revive economy: P Chidambaram to govt

NEW DELHI : Former Union finance minister P Chidambaram on Sunday suggested the government to borrow more to help stimulate demand and revive the country’s economy.

The senior Congress leader also suggested some measures to raise money which include relaxing FRBM norms, accelerating disinvestment and borrowing money from global banks.

As part of his measures to revive the…

Puducherry CM: ‘Government is going back on its commitment to the states’

‘Because of the COVID-19 pandemic situation today, the revenues of the states have gone down, the GST money is not coming and all the states combined have lost more than Rs 365,000 crore in revenue.’ ‘To make it worse, the Government of India is not compensating us for the shortfall, which it must as per its Constitutional obligations.’

Puducherry Chief Minister V Narayanasamyspeaks exclusively…

View: Fiscal stimulus — balancing the present with the future

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By Nilaya Varma

“The problem with the future is that it keeps turning into the present.” — Bill Watterson

The world is going through unprecedented times, and fears associated with the contagion, job loss, business continuity and the ensuing national economic fallout, are spreading like wildfire. As the pandemic unfolds, it is becoming more than a health emergency, metamorphosing into an…

The biggest question before policymakers today is a trade off between health and the economy. Given the ferocity of the pandemic, is it a question of either or do we have the luxury of trying to contain the pandemic and at the same time trying to minimise the damage to the economy? I want to make couple of general comments before we start. One, the world is facing a crisis of unprecedented…

The biggest question before policymakers today is a trade off between health and the economy. Given the ferocity of the pandemic, is it a question of either or do we have the luxury of trying to contain the pandemic and at the same time trying to minimise the damage to the economy? I want to make couple of general comments before we start. One, the world is facing a crisis of unprecedented…