OPINION
EDITORIAL
Ring fencing the cess
THE INSTITUTIONAL ARRANGEMENT for ensuring complete utilisation of the cess on Central taxes towards programmes on primary education is, prima facie, at odds with the Government's commitment towards enhanced outlays for this sector. While ...
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BUDGET
Budget 2004-05: The fallout of fiscal conservatism
Given the nature of Budget speeches and documents, Budget analyses most often get trapped in the detail, missing thereby the big picture. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine the fiscal stanc e being adopted by the Government and assess the implications of its fiscal conservatism for the realisation of its development objectives.
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Budget: Best under the circumstances
The Finance Minister cannot be faulted. He has done his best under the circumstances with the limited time available to him after assuming office.
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POLITICS
`TAPAS' for ministers
THIS article is not to inspire the ministers at the Centre and in the States to march to the forests and do penance. "TAPAS" stands for Transparent Annual Performance Appraisal System. The Prime Minister is a ...
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WATER
Beyond water bureaucracy
MUCH to the relief of right-thinking citizens, the Prime Minister's maiden address was a distinct departure from the political rhetoric of the recent past. Listing the ambitious tasks ahead for his Government, Dr ...
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SMALL SAVINGS
PF rate: Pragmatism should prevail
The Central Board of Trustees of the Employee's Provident Fund Organisation has to make a choice between a guaranteed return of 9.5 per cent and an inflation-linked rate of return. The latter would be the right choice, as it can set off virtuous cycl es of self-adjusting and affordable interest rates. The latter produce a raft of benefits including better fiscal management, rising investments in public infrastructure and welfare, significant investments by the private sector and better standards of living for households, says G. Ramachandran.
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LETTERS
Union Budget
EPF rate
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