YajnavalkyaModi-3 and the fruits of fiscal TapasyaModi does the unthinkable — goes to polls with a non-populist (revdi-free) budget10 min read·Apr 14, 2024--1--1
YajnavalkyaIndian Muslims and the partition voteThe 1946 vote and the Muslim mandate for partition8 min read·Feb 4, 2024--3--3
YajnavalkyaRandom musings on the interim budgetI flooded the TL with tweets on the budget today. Putting it all together in one place for future reference.4 min read·Feb 1, 2024----
YajnavalkyaPart III: Modi’s fiscal masterclass — the big pictureAlright, now we get down to the numbers. Here, I analyse Modi’s fiscal management at a high level for the period 2019–20 to 2023–24. Keep…5 min read·Jan 7, 2024----
YajnavalkyaPart I — Modi’s fiscal masterclassFiscal management has been one of the most critical factors for evaluating the central government’s economic governance as far back as I…3 min read·Jan 7, 2024----
YajnavalkyaPart II — the basics of fiscal managementIn this part, I will discuss the basic concepts of fiscal management. Folks who understand it well can move on to the next part.3 min read·Jan 7, 2024----
YajnavalkyaPart III — Prices should be cut, but by how much?If we go strictly by the official fuel pricing policy, then BPCL needs to be allowed to recoup its underrecoveries of Rs.25K crores, so…5 min read·Jan 6, 2024----
YajnavalkyaPart II — Fuel pricing basics, official pricing policy and concept of underrecoveriesIn India, the oil marketing business is largely dominated by oil PSUs who also have a refining business. The business model for oil…7 min read·Jan 6, 2024----
YajnavalkyaPart 1 — The mystery of high fuel prices in IndiaThe God lording over the oil market has almost always turned a benign eye towards Modi. Oil prices fell by nearly half within a year of…2 min read·Jan 6, 2024----
YajnavalkyaPart 5: Yogi’s UP — did the fiscal policy misfire?Yogi supporters assert that Akhilesh ran a fiscally loose government and one reason for the growth deceleration in the initial years is…4 min read·Dec 27, 2023----