It’s time to reform how India spends borrowed money
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India’s big expenditure plans are laudable but resources must be used efficiently. Our interest payments exceed productive spending, which often falls short of its target. This must change.
A debt burden is worthwhile only if it works well for our economy. We should diversify funding sources, improve tax administration, and set up a fiscal council to guide governments.
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The Union Budget 2021-22 has rightly been lauded for its bold measures. The way the government acknowledged India’s need to diverge from its fiscal consolidation path, and its transparency on this, was quite impressive. Yet, ensuring that resources are used efficiently is as important as acknowledging that additional resources are required, if not more.
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February 11, 2021
ISLAMABAD: In response to an opinion piece published in The News titled “The prime minister of debt” dated February 10, 2021 regarding increase in public debt during the tenure of the present government in comparison to the previous government (2013-18), the Ministry of Finance has said that the change in the public debt stock during the last two and a half years is primarily the fallout of flawed economic and financial policies of the previous regime.
A statement issued on Wednesday the ministry said: “Commenting on the issues raised in the article, point wise replies are stated as under:
The S&P 500 rose by 4% as 2021 started versus a 5% loss in bonds, according to Bespoke Investment Group. The performance spread of 9.3 percentage points is
Should financial literacy be a compulsory subject in schools? These experts think so
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It s a straightforward question with a contentious history and no consensus on an answer.
Yet as states and territories begin to phase out school banking programs (think Dollarmites), some experts are saying there needs to be a dedicated model to teach our youth just how to handle their money.
English, science . personal finance?
For Jai and Marlies Hobbs, the problem is clear: Australians, particularly kids, don t understand the fundamentals of money.