Fiscal policy reset
The upcoming interim budget will be the last fiscal policy exercise of the second Narendra Modi government. It would also mark the end of what has been perhaps the most difficult five-year term for budget management in recent history. While public finances are still recovering from the shock caused by the Covid-19 pandemic, the policy establishment, especially the Finance Ministry led by Union Finance Minister Nirmala Sitharaman, must be commended for its adept approach of the situation. Managing public finances during the pandemic period has been extremely difficult. There was no script available for reference. The experience of the global
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First print: January 24, 2024 | 10:16 PM IST