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Tuesday, June 03, 2008

FRBM: A post mortem

I wrote an article in Business Standard titled FRBM: A Post Mortem.

1 comment:

  1. Ajay: you are too charitable - the clever cheating started by the the current FM in the United Front regime on the "subsidy bonds" - oil, fertilizer or otherwise, should be called as such - Please call spade a spade.. If the deficits are measured by ignoring the bonds issued off-budget, watchout for the "fractional bonds" - pretty soon, they will start paying the pay commission increases with bonds - what a nightmare if "fractional bonds" with Rs22.00 face value starts trading..


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