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Economic Bytes: Centre lets states borrow more, asks for reforms

Centre lets states borrow more, asks for reforms Approx Read Time: 6 minutes In News: The Centre has agreed to the demand from states to allow them to borrow more funds to meet spending needs, amid a fall in revenue collection but made a large part of it contingent upon reforms. Background: Since the start …

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Editorial Analysis: The multi-pronged reforms in Union Budget 2020

Union Budget 2020 briefing Approx Read Time: 5 minutes Union Budget at a challenging time: The finance minister had to present this year’s Union Budget in a very challenging context. Slowing economy, falling aggregate demand, and lackluster credit flows and exports, were all pointing to the need for a sharp fiscal stimulus. Limited fiscal space: …

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