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Best of BS Opinion: A steep fiscal correction, a strategy for GST, and more


The finance minister, in the Budget speech, had promised that the new DFI would be professionally managed. This was interpreted by most observers to indicate it would have a large, preferably a controlling, share for the private sector and the management would be selected accordingly. However, it now transpires that the state-controlled India Infrastructure Finance Company (IIFCL) will serve as the seed for the new DFI.
In this context, our
lead editorialnotes that a bail-out of IIFCL and a renaming, alongside a line of credit that will probably allow the new institution to repeat the mistakes of the old. It is hard to see how and why any private-sector pool of long-term capital would want to go into business with such an institution. ....

Amit Shah , Uttarakhand Union Home , India Infrastructure Finance Company , Central Board , Indirect Taxes , Home Minister Amit , Pbs Opinion , Fiscal Deficit , Indian Economy , Budget 2021 , Infrastructure Funds , Development Financial Institutions , India Infrastructure Finance Company Iifcl , அமித் ஷா , உத்தராகண்ட் தொழிற்சங்கம் வீடு , இந்தியா உள்கட்டமைப்பு நிதி நிறுவனம் , மைய பலகை , மறைமுகமாக வரி , வீடு அமைச்சர் அமித் , பி.எஸ் கருத்து , நிதி பற்றாக்குறை , இந்தியன் பொருளாதாரம் , உள்கட்டமைப்பு நிதி , வளர்ச்சி நிதி நிறுவனங்கள் ,