budget

State budgets: Less ‘crowding out’

by

Collective borrowing by the Centre and states this year will likely be half of the financial savings of householdsNeelkanth Mishra | Last Updated at November 25, 2019 19:38 IST (This was published in the Business Standard: link) Given how important state government budgets are in the Indian economic framework, the Reserve Bank of India publishing … Read more

Opening a window

by

Budget takes a calculated risk to fund part of borrowings through foreign currency bondsWritten by Neelkanth Mishra | Updated: July 8, 2019 12:12:20 am (This was published in the Indian Express: link) The government has chosen to retain the fiscal deficit target presented in the interim budget, continuing its commitment to the path of fiscal … Read more

The merits of fiscal prudence

by

By sticking to the fiscal consolidation roadmap, the Union budget has obviated instability. The focus should now be on state capitals, whose budgets need greater market scrutinyWritten by Neelkanth Mishra | Updated: March 2, 2016 12:28:13 am (This was published in the Indian Express: link) Some are calling this a political budget. But that’s like … Read more

Just a Union budget

by

It carries little that is surprising. State budgets matter much more.Written by Neelkanth Mishra | July 12, 2014 3:05:11 am (This was published in the Indian Express: link) Deep within us rests the desire for quick fixes, of happy endings. Simple narratives are, after all, less taxing on the mind and therefore more attractive. Nothing … Read more