Modi govt must implement few policy measures which it announced in Budget 2015.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
'Wisdom demands Modi moves to restore the critical institutions of the State and dial back on the cult building around his persona,' say Sonali Ranade and Shealja Sharma.
'Clearly, the depositors of cooperative banks need the maximum protection.'
'If some measures are implemented quickly, they can help revive growth.'
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Mr Modi must stop talking, and start writing
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Finance Minister Arun Jaitley presented the Union Budget.
Indian economy about to take-off
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances