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Ajit RanadeFree Press Journal |
There are moments in public life when a single news item captures the moral and fiscal drift of an entire political system.
India’s fiscal federalism runs on a deceptively simple bargain: the Union collects most broad-based taxes while the states carry the frontline...
The Sixteenth Finance Commission has retained states’ 41% share of the divisible tax pool for 2026–31 but introduced “contribution to national...
Union Budget 2026 maintains fiscal restraint while strengthening infrastructure spending, MSME financing and skills development. Though focused on...
India’s rare mix of strong growth and very low inflation ahead of the Union Budget 2026 presents risks beneath the headline numbers. Food deflation,...
Employerless workers find their voice: Historically, labour movements were organised around factories and identifiable employers. Gig workers lack...
The VB-G RAM G Bill replaces NREGA’s justiciable, demand-driven right to work with a budget-capped, centrally controlled scheme. Despite claims of...
When IndiGo cancelled thousands of flights this December—stranding lakhs of passengers, destroying travel plans, and exposing India’s...
India’s major economic reforms were spurred on by a foreign exchange crisis. It was the summer of 1991 when foreign exchange reserves went to nearly...
India’s Right to Information (RTI) Act came into force on October 12, 2005. It is one of the strongest transparency laws in the world. It...
India’s household debt has surged to 42% of GDP in 2024 from 26% in 2015, driven mainly by non-housing loans like credit cards, gold, and personal...
In response to a petition, the Supreme Court recently expressed dismay at the low salary paid to contractual teachers in certain Gujarat colleges. The...
This basic equation identity is unaltered by any changes in import tariff rates, any sanctions imposed on Russia or China, or any military spending or...
It is not the time to teach basic international macroeconomics to the President of the United States of America. Renowned economist Jeffrey Sachs put...
India’s sustained economic growth will not happen without a parallel and steady increase in energy usage. That will increase at roughly the same...
The United States of America joined the war between Israel and Iran by bombing three nuclear sites in Iran. President Donald Trump used his...
The recent estimate by the World Bank says that the number of people in India living in extreme poverty declined from 344 million in 2011-12 to 75...
China’s economic reforms had started in 1978, but the real momentum for their growth was yet to kick in. India’s reforms started in the next year,...
India’s response to the Pahalgam terrorist attack was carefully calibrated, measured, precisely targeted and intended to not escalate or spin out....
Even as we celebrate his one hundred and thirty-fifth birthday, Dr Ambedkar continues to be extremely relevant to India’s society and polity.
People would have the power to elect their representatives at the third tier of government, namely village councils, i.e., panchayats and city...
Employment is to be given within 5km of the residence of the applicant. And if the government is unable to create such an employment, then it has to...
President Donald Trump has a way with words. America’s federal income tax department is called Internal Revenue Service. Trump says he will build an...
The world has faith in the stability of America’s financial system and its judiciary in resolving disputes speedily
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