Sanjeev Sanyal: If there is a case about doing things, in certain sensible sequence. Simply distributing money is a cost. Remember, eventually we have to repay it as taxpayers and future generations will have to pay interest on it. So, none of this is free. So, if use your ammunition's upfront free, whatever it is in testing ... you have to be sure that you ran up your debt and achieve the objective is achieved. The point I am making is that we were calibrated at a point that the amount of spending we were making were own revenue which were shrinking. We have to be careful about what we did, doesn't mean we are not willing to do it or we do not feel there is a need to support demand. we have some space on the monetary and fiscal side, we have more space that we think. Our debt to GDP ratio is much lower than that of virtually every developed country in the world. So, we have such space and that space has to be sensibly used and not simply just because we have a demand … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
Protests of the civil rights movement
The Environment Ministry had earlier said it would not extend the deadline for people to give suggestions and opinions beyond June 30 but later gave time till August 12. The draft EIA’s critics claim it rewards environmental offenders, puts “short-term profits of big business” over interests of future generations and limits public participation in environmental decision-making. … [Read more...] about Sonia Gandhi slams Centre over draft EIA, says govt ‘must stop dismantling India’s environmental regulations’
"Not only does it have the potential to reverse many of the hard fought gains that have been won over the years in the battle to protect our environment, it could potentially unleash widespread environmental destruction and mayhem across India," he had said. … [Read more...] about Rahul Gandhi says EIA draft must be withdrawn to stop ‘loot of the nation’
This is not to say that all noble attempts are ill-directed. The latest Negative List prepared by the MoD is distinct from earlier attempts like offsets. The list is prepared and available for stakeholders with much clarity. It lays out an estimated market (Rs 4,00,000 crore) for domestic private players. It has taken a pragmatic approach by listing out those products, which incidentally many of the Indian private sector companies were already involved earlier, but as sub-suppliers or junior partners. The intent is to make them transit from sub-suppliers’ to ‘prime contractors’. Importantly, the government has also decided to bifurcate capital procurement budget for FY 2020-21 between domestic and foreign capital procurement routes. An indicative figure of Rs 52,000 crore (roughly translating into about 45 percent of the total capital budget) is earmarked for the private sector for this year. … [Read more...] about Before celebrating the import embargo on military items, worth checking the results of the defence offsets
MFs also exited nine stocks in the month gone by. These are Aarti Surfactants, Bhageria Industries, Borosil Renewables, Clariant Chemicals (India), Consolidated Construction Consortium, Dhampur Sugar Mills, Flora Textiles, Geojit Financial Services and Monte Carlo Fashions, said Dolat Capital. … [Read more...] about Mutual funds bought 10 stocks and exited 9 in July, do you own any?