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Need food, farm subsidy reforms for fiscal position improvement: Finance Secy


Need food, farm subsidy reforms for fiscal position improvement: Finance Secy
Somnathan, who is Expenditure Secretary, further said that farm, food and fertilizer reforms are administratively easy but politically difficult in view of the ramifications.
Somanathan made these comments with a disclaimer that the views expressed were personal and not of the government (Source: PTI)
PTI
Updated Jul 14, 2021, 9:26 AM IST
Finance Secretary T V Somanathan on Tuesday underlined the need for improving the fiscal position of the government through reforms in farm, food and fertilizer subsidies so that additional funds can be generated for development of infrastructure and education system. ....

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Controlling inflation has been one of Modi's biggest successes – but is it faltering now?


Controlling inflation has been one of Modi s biggest successes – but is it faltering now?
Controlling inflation has been one of Modi s biggest successes – but is it faltering now?
High inflation is seen to be one of the principal reasons for the UPA’s loss in 2014.
Reuters/Danish Siddiqui
There are few issues more politically sensitive in India than inflation or rising prices. With frequent elections across the federal framework and the Union government being seen as responsible for economic policy, ruling parties in India go to great lengths in order to keep prices in check.
Stubbornly high inflation rates in the final years of the Congress-led United Progressive Alliance government, following the global economic crash, are often credited as being one of the key reasons why it was voted out in 2014. ....

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