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FISCAL PROFLIGACY
Is a deeper bond crash ahead? From Washington to Tokyo, governments are paying the highest borrowing costs in decades as global bond yields surge — why are investors dumping bonds?Global Bond Yields Spike to Multi-Decade Highs as Iran War Fuels Inflation Crisis: From Washington to Tokyo, governments are now paying the...
Dear Indian economy, here're five questions for you on a curious case and goldilocksIndia is poised to become the world's third-largest economy, but challenges like inflation, job creation, and repo rates persist. UBS highl...
Budget embedded with strong sense of fiscal discipline, aversion to profligacy & bankruptcy: Anand Mahindra"The DNA of our finance ministry has embedded in it a strong sense of fiscal discipline & an aversion to profligacy & bankruptcy. (Unlike a...
Budget 2022: Under Omicron shadowFiscal deficit is already elevated and can't be cranked up further – the high inflation and current account deficit make it undesirable as ...
RBI should not print money to finance fiscal deficit: Pinaki ChakrabortyIn an interview with PTI, Chakraborty -- the director of the National Institute of Public Finance and Policy (NIPFP) -- said that high infl...
‘Council, curbs on grants by govts to help fiscal consolidation’But we do need a mechanism for enforcement which will be equally applicable for both centre and states.
View: Markets want a stable government that stays awayDomestic flows have slowed down, but there isn’t much supply pressure.
Expert Take: Case for targeted & temporary fiscal profligacyFiscal measures should have a multiplier effect on aggregate demand during a down turn.
'FRBM to act in tandem with Monetary Policy Committee'FRBM is to act in tandem with the inflation targeting of MPC. The idea is to ensure resource flow to the economy, Singh said at an interact...
India faces challenges in sticking to fiscal roadmap: S&PIndia will face challenges in sticking to fiscal consolidation roadmap as expected revenues may not be fully realised and subsidy cuts may ...
New debt office plan throws up many issues: YV Reddy, Chairman, 14th Finance CommissionReddy spoke to ET on various issues concerning the report besides the implication of separating public debt management from the Reserve Ban...
Budget 2013: P Chidambaram presented a 'responsible' budget, guided by economic and not political concernsAimed at compressing expenditure and reining in fiscal profligacy, signalled that the priority of the government is to put the economy back...
- Centre’s fiscal profligacy is hurting monetary policy: RBI
It is insufficient to announce & maintain restrictive monetary policies unless accompanied by a coordinated reduction in budget deficits, R...
- Government debt sustainability is political issue: Duvvuri Subbarao, RBI
Reserve Bank of India governor Duvvuri Subbarao, who has been warning the Indian government about the deteriorating fiscal position.
- Cannot live on unlimited borrowing; fiscal consolidation must: Pranab
Warning that a nation cannot sustain on unlimited borrowing, Finance Minister Pranab Mukherjee on Tuesday said India's fiscal credibility w...
- City folks cheer aam admi touch to Budget
Even while economists, the stock market, ratings agencies, and talking heads in the media were rubbishing his first Budget for UPA-II as lo...
- Andhra pays for fiscal profligacy, may be denied debt relief
The state has launched several populist schemes including the Rs 2 kg-rice scheme to woo voters.
- Economic growth to moderate to 7.7% this fiscal: Citi
Citigroup has projected that India's economic growth in this fiscal would moderate to 7.7 pc from 9.1 pc in 2007-08.
- Montek says FRBM targets do not matter
The tug of war between the Finance Ministry and the Planning Commission over more resources for plan projects worsened, with Deputy Chairma...
RBI moves to stop fiscal profligacy by statesTHE Reserve Bank of India is walking the talk. It has put an end to the practice of state governments using the automatic debit mechanism o...