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
Subsidies are an essential part of social security. The Centre and states need to strike the right balance between merit and non-merit subsidies.
Relaunch of the old pension scheme by some states and rising expenditure on freebies are expected to stretch state government finances.