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"Finance Minister" tag
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The unsensational budget

The first criterion an economist applies is, how appropriate a budget is to the macroeconomic situation. If it is inflationary, the budget must deflate, and vice versa. The current supply-demand balance is benign by Indian...

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India: Budget 2017 and Direct Tax

The Finance Minister’s speech in the Lok Sabha this morning did not indicate too many changes to the direct tax laws. However, as always, the devil lies in the detail and the Finance Bill, 2017...

Budget – 2013-14: Focus on Fiscal Consolidation

It was one of the most awaited budgets in recent times, expectations  were on both extremes  – that the Finance Minister will present a typical pre-election year populist budget while another set of people expected...

Market rises on P-Notes Clarification

Finance Minister Mr Pranab Mukherjee’s clarification on participatory notes is welcomed and market posted a gain of more than 2% on all round buying. Today’s clarification holds significance as market were under considerable pressure recently...