With discretionary transfers growing and predictability eroding, India’s fiscal federal system needs an independent anchor to restore trust and stability.
Arvind Mayaram
January 31, 2026 at 4:14 AM IST
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The success of the newly-enacted VB-G Ram G will depend on how well its implementation is adapted to local conditions. Despite high poverty, MGNREGA failed to guarantee employment in many states, highlighting that one-size-fits-all policies rarely work.
Nilanjan Banik
December 22, 2025 at 8:13 AM IST