India’s fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya. Thirty years ago very few people in India had heard of “fiscal deficits”. The phrase made its debut appearance in an official government document in the 1989/90 Economic Survey of the Ministry of Finance, where it was defined as the excess of government expenditure and net lending over current revenues. It can also be thought of ... Rediff.com, 1 week ago
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The following is the full text of US President Donald Trump’s first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office. TO THE CONGRESS OF THE UNITED STATES: Mr. Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States, and Citizens of America: Tonight, as we mark the conclusion of our celebration of Black History Month, we are remindedof our nation’s path toward civil rights ...Rediff.com, 3 weeks ago
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