GDP, Dec’20 Quarter – Too Little To Celebrate…
GDP (Gross Domestic Product) for quarter ended Dec’20 (Q3’FY21) recorded a marginal growth of 0.4% as per the data released by MOSPI (Ministry of Statistics and Programme Implementation) today. Even…
Power Distribution Companies – The Elephant In The Room
Chairman of the Fifteen Finance Commission called state distribution companies (discoms), “The Elephant in the room”, in an interview recently. Indeed, discoms are in a dire state, operating with AT&C…
Food Corporation of India – Managing Inefficiencies
FCI (Food Corporation of India) must be heaving a sigh of relief with revised allocation of Rs 3.44 lakh crore during FY21 as subsidy against initial allocation of Rs 78,000…
Finance Commission Report – Understanding the Formula for Devolution to States
The report of 15th Finance Commission (FC), constituted every five years, was tabled in the parliament on the day of the budget. The Finance Commission is an important constitutional body…
Budget – Revenue & Expenditure Analysis (Part II)
Against total receipt of Rs 19.8 lakh crore, government is projected to spend nearly Rs 34.8 lakh crore in FY22. Other than interest payments, broad areas which account for maximum…
Budget – Revenue & Expenditure Analysis (Part I)
The Budget proposal projects total expenditure of Rs 34.8 lakh crore against receipt of Rs 19.7 lakh crore during the year 2021-22 or FY22. This implies fiscal deficit of Rs 15.1…
Buget 2021-22 – Not A ‘Never Before’ Budget
The budget for the year 2021-22, presented in the Parliament today, wasn’t quite the ‘never before’ budget as stated by the Finance Minister a few days back. To qualify for…