Growth moderation, incentivising fiscal prudence & more

Corporate results for the April-June quarter of 2023-24 suggest a moderation in revenue and profit growth. Corporate revenues and profits have tapered off compared to the previous quarter (Q4FY23), though there has been impressive year-on-year growth, notes out lead editorial Read here
 
In other views:
 
In the context state government finances, economists Barry Eichengreen and Poonam Gupta note that it would be desirable to establish a permanent fiscal or expenditure council to monitor state finances, assess the quality of data and forecasts, measure and track their contingent liabilities, and inform the public of the fiscal stance and debt sustainability of the different states. Read here
 
While Jio mutual fund will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader, far from “disrupting” the MF business, writes Debashis Basu. Read here
 

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“The changes made in the Haj policy in the last few years are being appreciated. Our Muslim mothers and sisters have written a lot to me. Now more and more people are getting an opportunity to go for Haj.”

 

Prime Minister Narendra Modi