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Fiscal Policy

C.P. Chandrasekhar
Tuesday 20 February, 2018
Support for Budget 2018-19 is missing across the income and wealth spectrum. While the Finance Ministers’ big talk backed with small money no longer fools the vulnerable, the governments’ image of being “reformist” has also taken a hit among speculative foreign and domestic investors, as a reaction to the new tax reforms.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 23 May, 2017
As the US reduces its role as engine of global demand, there are no signs that other economies will be able to pick up the slack. The mercantilist approach exemplified by Germany is creating net global slowdown.
C.P. Chandrasekhar
Monday 27 February, 2017
All that this government has is its unfounded belief that mere reform in the form of the demonetisation, digitalisation and the GST would deliver growth rather than recession.
Prasenjit Bose, Zico Dasgupta
Thursday 15 December, 2016
Whether the demonetisation scheme declared through the November 8 notification qualifies as a fiscal or economic policy is a vital question that merits the attention of the Supreme Court.
Prabhat Patnaik
Tuesday 07 July, 2015
The world economy today is reminiscent of the 1930s where competitive easing of monetary policy is not boosting aggregate demand and fiscal policy is barred by finance capital.
C.P. Chandrasekhar
Friday 31 October, 2014
So long as the power held by finance capital remains unchallenged, the IMF may be forced to periodically revise downwards its growth estimates for some time to come.
C.P. Chandrasekhar
Friday 25 July, 2014
The Union Budget for 2014-15 is a deflationary budget in the name of "fiscal consolidation," and chalks out a strategy to make India a labour-intensive manufacturing hub.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 22 July, 2014
The authors here suggest that the fiscal optimism is misplaced while projecting substantial increases in tax revenues despite many tax sops in the Budget for this year.
P. Sainath
Monday 21 July, 2014
Since 2005-06 a cumulative amount of Rs. 36.5 trillion has been given away to corporate sector in terms of various sops in corporate income tax, excise duty and customs duty.
Prabhat Patnaik
Tuesday 15 July, 2014
The basic fiscal strategy of the Union Budget 2014-15 is to increase transfers to the rich and the affluent, while reducing the outlays earmarked for the poor.
 

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