Thursday 12 Jul '12With around Rs. 1,00,000 crore of money meant to be spent on plan projects lying unutilised in banks at any point in time, the central government is clearly guilty of being a bad manager of money—after all, that’s R8,500 crore of annual interest costs lost year after year.
Thursday 03 May '12By the end of this week Parliament will have approved the central government plan to spend R6,10,000 crore this year, without an appreciation that nearly 80% of that money will be cash handouts with very little checks and balances.
Tuesday 20 Mar '12The key to the fiscal numbers in 2012-13 will be the R30,000 crore disinvestment target. Along with the telecom spectrum auction and the 2% additional indirect tax, this is among the three top revenue raising measures in Budget FY13.