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33 Comments on this Story
 | GOPALN20 minutes ago This view borders on pessimism. Some bold steps had to be taken and has been taken. I would place this budget's decision at par with the demonetization decision. It is doing something new and aggressive rather than sticking to the old ways which have not borne fruits all these years. Further, this budget has been out of our own necessity and not on external compulsion or arm twisting. So let us give it some time and see how it pans out. Yes there is a flip side of higher fisc deficit to GDP leading to high inflation. But sticking to the old script of raising taxes and sticking to the targeted fisc deficit also did not do anything good to any sector. At least this budget of borrow and spend has brought in the feel good factor to the markets after the pandemic made many to lose hopes. So I would say it is wait and watch, if things appear to spin out of control, then course correction should be resorted to mid way, again out of the box thinking. |
| Ramam Rajolu23 minutes ago This is not only the case of centre, but also more with all state Governments. The entire problem is with freebies to get the votes and to retain power. As far as they are in power, they enjoy life, earn so much to suffice for generations. Once they loose power, they loose nothing personally. The incumbent will face the music and pay the entire income to pay the interest on the public debt. Or else, with a stroke of pen, they bring an ordnance to write off the entire public debt. |
 | Ajit Grewal25 minutes ago Modi has consistently messed up himself over time on the economic front by his actions which have little common sense and understanding of the ground realities and his attempt to cloak his real agenda in a garb of economics |