Friday, March 1, 2013

The impossible trinity? - Subir Gokarn

............Ultimately, whether the triangular balancing act is achieved or not depends entirely on how the other ministries deliver on their targets. The space for big-bang actions by the finance ministry that was so effectively utilised through the 1990s has virtually disappeared. Unfortunately, the burden of expectations that this has created for the ministry hasn't. Instead of the intense anticipation and scrutiny of the Budget, the economy would perhaps be better served by similar attention to what the other ministries are doing or not doing to deliver on Budget announcements.
Read | Business Standard

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