Wednesday, July 16, 2014

Budget 2014-15: The Worst Yet to Come?

Surajit Mazumdar


A remarkable feature of the first budget of the Modi government was that the numbers in it (Table 1 for a summary) – of the revenues that are anticipated from different source, the expenditures allocated to different heads and the fiscal deficit which expresses the gap between the aggregates of these - were almost identical to those in the interim budget presented earlier in the year by the UPA government.

Tuesday, July 15, 2014

Rise of the Right and the New Religion of ‘Development’

Satyaki Roy


The verdict of the 2014 general elections marks an unprecedented rightward shift in public opinion in post-Independence India. It was an emphatic victory for the rightwing forces together with a decisive mandate for one party rule.

Saturday, July 12, 2014

Diesel Price Deregulation: A Few Months to Go

Manish Kumar & Surobhi Mukherjee

There is no doubt that the newly elected government will favour deregulating the price of diesel as well as other petroleum products in lieu of subsidies or grants to the oil sector. At least on this issue both governments (NDA as well as UPA) are of the same view, despite the fact that under-recovery on diesel touched record low at Rs 2.80 per litre on 2nd of June ’14 .(www.pib.nic.in).