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Finances 2022: Underneath Omicron shadow

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Finance minister Nirmala Sitharaman’s fourth finances could have change into a tad more difficult because the nation confronts the extreme third wave of the Covid-19 pandemic. Financial restoration is predicted to face headwinds whereas there’s little or no within the authorities’s arsenal to supply stimulus.

Fiscal deficit is already elevated and can’t be cranked up additional – the excessive inflation and present account deficit make it undesirable as nicely. How will FM meet the problem when she presents the finances subsequent month?

A have a look at the challenges and the choices:

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How can funds be raised with out fiscal profligacy?

  • Pursue aggressive privatisation: There’s a good pipeline, a concerted push wanted.
  • Asset monetisation can assist capex with out burdening finances: Clear tax insurance policies to permit for asset monetisation.


Illustrations: ZAHID

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