Satheesh Vellinezhi | Photo Credit: Satheesh Vellinezhi Too many letters. Oh, and I’m not talking about the Russian alphabet, although it also has way too many letters. I’m talking about modern correspondence in this digital age. (The writer apologises for the loose use of the word letters. Sadly, this writer is forever apologising). In fact,…
MUMBAI: RBI is expected to hold interest rates after its monetary policy committee’s meet concludes on Feb 8.The status quo is expected even as the sharp reduction in fiscal deficit by govt in its interim Budget on Feb 1 improved the scope of a rate cut earlier than forecasted. Most bankers and economists expect RBI…
Illustration: Soumyadip Sinha Finance Minister Nirmala Sitharaman, presenting her sixth Union Budget and her first Interim Budget, resisted the temptation to hand out dramatic pre-poll sops like the ones unveiled ahead of the 2019 Lok Sabha election, opting instead to bank on the government’s track record and the promise of “unprecedented development” in the next…
“What joke?” asked Rahul. “How many engineers does it take to change a light bulb?” “How many?” “None, actually. They simply come together and define darkness as the new industry standard.” “That was in bad light Pooja,” replied Rahul. “You know, I also read a very interesting joke on Forbes.com: How many economists does it…
In a bid to demystify the complexities of the Union Budget 2024, students and enthusiasts alike are urged to grasp ten fundamental terms crucial for economic comprehension. As the government lays out its financial roadmap, understanding concepts like Fiscal Deficit, Revenue Expenditure, and Skill Development Budget becomes paramount. These terms not only provide insights into…
NEW DELHI: Government will have to either trim expenditure or target higher revenue to meet the 5.9% fiscal deficit target for the current financial year as the nominal GDP is estimated to grow slower than the budget estimate.Against an estimated nominal GDP of around Rs 302 lakh crore, which translated into 10.5% growth, the National…
