'We will not compromise on it. We will not make any deferred payments or cuts.' IMAGE: Volunteers distribute food to the homeless and daily wage workers at a relief camp in Patna. Photograph:......
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana. IMAGE: Union Finance Minister......
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc,......
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi......
As in 2008, the latest effort of the RBI will have a temporary and limited impact on the exchange rate. Eventually the fundamental factors of fiscal and current account deficits will determine its......