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CM directs reforms in treasuries to plug corruption, delist ghost pensioners
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The Centre s fiscal deficit in the first four months of FY24 stood at 33.9% of the annual target, sharply higher than 20.5% a year before. Of course, the deficit until July is still way below the five-year average of 69%. Capex jumped nearly 52% between April and July from a year earlier to ₹3.17 lakh crore, higher than the budgeted annual rise of about 36%.
Opinion: Sellout in the name of reforms
The Modi govt has embarked on the mindless and the suicidal policy of privatisation and in the process it is dismantling profit-making PSUs.
By Venkat Parsa| Published: 19th February 2021 4:04 pm IST Photo: Prime Minister Narendra Modi (Photo: PTI)
Venkat Parsa
An unabashed push for privatization has been launched by the Modi government. This strikes at the very root of the Nehruvian dream of a self-reliant India, through the policy of according the commanding heights of economy to the public sector, with adequate space for private sector. This Nehruvian model has since come to be known as the model of ‘Mixed Economy’.
but congress has ultimately got to make the decision. and the ball really is in our court. mark? and when we came out with our gang of six plan, he endorsed it. that helped in some corners, hurt in others. i wish he spent the first three months of this year frankly just educating the american people and all of us about some of these choices. some of this is just math in terms of some of the entitlement programs. the fact that some of this revenue is at 70-year low, revenue expenditures. and whenever there s been a balanced budget, we ve been around 20% on both spending and revenues. you know, this is just logic. and the one thing you ll be able to see if they re really getting close is if you start seeing the interest groups on both sides start squawking. that ll be the best indication around if the super committee s getting close so saxby, you and i came in 95 along with a guy named tom
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