Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
The tariffs are a substantial new source of revenue for the federal government and the budget may start to depend on it. Read More Here
Tag: budget
Will Trumponomics Bring Boom or Bust in 2025?
Some argue that Donald Trump’s election heralds robust US economic growth, fueled by tax cuts and deregulation, while others insist that his economic plans, if implemented, will blow up the federal budget, revive inflation, and erode the foundations of long-term US prosperity. Read More Here
Storm Clouds
Five weeks into a five-year term, but this past week could prove to be the most consequential of them all. Three big things and all spelling some kind of danger for the PTI. It’s not been a good week for (Pakistan’s Prime Minister) Imran (Khan). Read Here – Dawn
Financial Woes Rattle The United Nations
UN headquarters in New York is not the only global entity experiencing a cash crunch. Those focusing on humanitarian aid delivery in conflict zones, providing care to refugees, and preventing starvation and disease to families displaced from their homes are all operating in an unforgiving environment. Wealthy donors in the European Union, North America, Asia […]
Don’t Ignore External Affairs
Without a substantial increase in diplomatic capacity, expanding India’s engagements is nearly impossible. The MEA needs higher budgetary allotments, specifically for investing in capacity building in two areas. One, for increasing the number of Missions and Post abroad by enlarging the size of India’s diplomatic corps. Two, for investing in creating specialists who can present […]
India’s Got A Reputation Problem
One of the least enviable jobs in the world at the moment has to be that of Indian finance minister. Arun Jaitley will present his fourth annual budget to India’s Parliament on Wednesday amid terrible headwinds — mostly caused by his government’s bewildering and disruptive decision to invalidate 86 percent of India’s currency last November. […]
Why Mr Modi Shouldn’t Puzzle Indians
Mr Modi’s government has proceeded in a manner exactly predictable from his claims and promises on the campaign trail. He will not change the bedrock of economic policy since 2004 — the reliance on private-public partnerships, for example. He will instead work towards quicker execution, lower taxes, and a less intrusive state. Read Here – […]
There’s No Place Like India: Foreign Policy
India does not reconcile contradictions so much as inhabit them. Is there one god? Three? Gods? Without number? Yes, yes, and yes. Visitors are instructed to leave their Cartesian logic at passport control. This is contrary to my all-too-binary nature. But after two weeks in Delhi talking to people about the wrinkled, lumbering, battle-scarred pachyderm […]
India Seen Curbing Widest BRIC Budget Gap to Boost Rate-Cut Room: Bloomberg
India’s government may curb spending growth in the budget tomorrow to pare the widest fiscal deficit in major emerging nations, seeking to boost the central bank’s scope to reduce interest rates as the economy falters. Finance Minister Palaniappan Chidambaram will keep deficit goals set in October of 4.8 percent of gross domestic product for the year through March […]
Getting down to brass tacks
IN THE negotiations to reduce America’s long-term deficit and to avoid the “fiscal cliff” of automatic tax increases and spending cuts at the year’s end, Republicans have so far done most of the retreating. But they still want something in return. Emerging from the first—and so far only— negotiating session with Barack Obama on November […]
looking beyond borders 