The unfinished agenda of economic reforms is truly large, overwhelming and in a sense daunting, but effort must be made to move forward at least in a few critical areas. The Budget for 2002-03 fails...
Budget
The Budget for 2002-03 has done little for rationalisation of indirect taxes. The changes made are marginal and no structural reform of the type suggested by many economists, analysts and committees...
This paper examines the union budget 2001-2002 with a focus on its implications for women's empowerment. Changes in patterns of allocations to various women-specific schemes as well as to schemes of...
The proposition that the size of the fiscal deficit affects the level of interest rates is theoretically completely erroneous, which in turn makes the budgetary strategy fundamentally flawed.
The weaknesses that still persist in government finances even though at an aggregate level deficit targets are being met. Also, a look at the issue of food subsidy.
Given that in the last five years there has been little reduction in the general level of tariff rates and that a very low level of tariff is being set as the goal for the near future, a good...
Indian institutions such as the law courts, ports, customs, taxation, stock exchanges, banks and others relating to infrastructure creation and maintenance do not function efficiently. Unless India...
The finance minister wanted to provide a growth-promoting budget. But budgets cannot promote growth or even arrest the process of slowing down if the fundamentals are not addressed squarely and...
Budget 2001-2002 suggests a shift towards monetary policy in reviving an economic downturn, as in advanced economies like the US and Germany. In principle, there is nothing wrong in the use of...
The Budget for 2001-2002 is certainly not wanting in terms of good intentions and a thrust in the right directions. The main question is whether these intentions are likely to be translated into...
The Budget for 2001-2002 was particularly critical in view of the quite dismal picture of the economy painted in the government's own Economic Survey. It was important for the government to give...
There could hardly have been a more convoluted budgetary exercise than that represented by the Budget 2001-2002 which ignores the poor and pleases the rich and is certain to end up creating...
The budget's strategy for stepping up growth in the near term rests on certain key premises: (i) fiscal consolidation is under way; (ii) fiscal consolidation and reduction in administered interest...
The debt market remains one of the least developed financial markets in the country. As a result, although the average household investor prefers to invest in fixed income securities, she/he has not...
The Budget for 2001-2002 seeks to kick-start growth through a host of measures including the speeding up of agricultural reforms, furthering financial reforms especially in the debt market, widening...
