5 ways to resolve the unfinished agenda of freebies
India needs to go beyond FRBM Act of 2003, set up a 'fiscal council' to redefine, expand the scope and monitor all fiscal practices
India needs to go beyond FRBM Act of 2003, set up a 'fiscal council' to redefine, expand the scope and monitor all fiscal practices
India has moderately high debt and deficit levels, but the imperatives to push demand, correct K-shaped distortions and global experiences far outweigh the need for fiscal consolidation.