Pronab Sen Says Budget to Widen K-Shaped Recovery, Polarise India v Bharat; Doubts 2 Lakh Cr CAPEX скачать в хорошем качестве

Pronab Sen Says Budget to Widen K-Shaped Recovery, Polarise India v Bharat; Doubts 2 Lakh Cr CAPEX

In a comprehensive 70-minute interview to Karan Thapar for The Wire, Prof. Sen, who is the Country Director of the International Growth Centre, began by agreeing with many of the concerns and questions about the alleged 2 lakh crore increase in government capital expenditure raised by former Finance Secretary, Subhash Chandra Garg, Tamil Nadu Finance Minister, Palanivel Thiaga Rajan and Neelkanth Mishra, a member of the Prime Minister’s Economic Advisory Council. Prof. Sen said some part of the 2 lakh crore CAPEX increase could be used by the states to substitute for earlier more expensive loans. Some part of it reflects a sizeable amount of earlier off-budget expenditure which has now been brought onto the budget. And, in fact, some part of it may not be used by the states at all because it could change the nature of their political relationship with the Centre. To the extent any of these three things happen we will not see a 2 lakh crore increase in government capital expenditure. There are, therefore, “serious questions” about whether government CAPEX will rise by 2 lakh crore. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month.    / @thewirenews   Like our work? Click here to support The Wire: https://thewire.in/support The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values. We publish in four different languages! For English, visit www.thewire.in for Hindi: http://thewirehindi.com/ for Urdu: http://thewireurdu.com for Marathi: https://marathi.thewire.in If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/ You can also follow The Wire’s social media platforms and engage with us. Facebook   / thewire     / thewirehindi     / thewireurdu     / thewiremarathi   Twitter   / thewire_in     / thewirehindi     / thewireurdu     / thewiremarathi     / livewire   Instagram   / thewirein     / livewirein   Don’t forget to hit the subscribe button to never miss a video from The Wire!