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Letters to BS on Budget 2018, negotiating rougher monetary, fiscal edges

With interest rates rising in leading economies we may have little choice but to follow suit

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Pacing behind two major reforms, Budget 2018 would negotiate rougher monetary and fiscal edges. The fiscal deficit has spilled over with predictable revenue dips, to be now faced with a rising crude bill. The thrust on increased agro sector spends is unavoidable. Substantial outlays for the education and health sectors are called for on pressing demands; on skill levels imposed by modern technology and that of keeping our prized demographic dividend healthy to maintain efficiency.

With interest rates rising in leading economies we may have little choice but to follow suit. In any case incremental corporate investments have been inelastic to

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First Published: Jan 30 2018 | 11:19 PM IST

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