Grow up, states: CMs should know central resource transfer won’t go up. They must fix their own finances

Synopsis: States have no option but to be fiscally aatmanirbhar. Introduction Recently, TN released a white paper that talked about the state fiscal condition is not good and the state is in deep debt. This document blamed the Central government and previous state government policies for the present condition. How has Fiscal federalism changed over… Continue reading Grow up, states: CMs should know central resource transfer won’t go up. They must fix their own finances

Fiscal action by the Centre must take over from monetary policy

Source: Livemint Relevance: Importance of fiscal policy measures to promote economic growth Synopsis: Monetary policy has done its part, both through rate cuts and other forms of support, to get our economy going. Now, it’s the turn of India’s fiscal authority to step up efforts to promote growth. What is fiscal policy? Fiscal policy is the… Continue reading Fiscal action by the Centre must take over from monetary policy