M K Venu

The advance of global capitalism will happen only if the leadership of the OECD economies finds ways to enhance the purchasing power of the bottom one billion people in the developing world. Last Updated: Apr 07, 2009, 03.32 AM IST Some prominent western newspapers did try to bring out the sheer irony of the G-20 world leaders discussing the global economic crises in London last week, barely a stone���s throw from where Karl Marx���s grave is located.

Nirmala Sitharaman's tricky fiscal balancing act comes from the need to expand last-mile welfare measures at a time when growth isn't exactly booming https://mybs.in/2X7Utl7 The one thing finance minister Nirmala Sitaraman must do in her budget statement is to be transparent and upfront about the actual borrowings by the government. In 2018-19, the Food Corporation of India (FCI) borrowed at least Rs 1,00,000 crore to meet the cost of Centre’s food procurement program.

The Wire‘s M.K. Venu and Anuj Srivas discuss whether India’s fiscal deficit math adds up and RBI deputy governor Viral Acharya’s last warning on the Centre’s off-balance sheet borrowing.