TVK government in Tamil Nadu faces a fiscal test in balancing populism and prudence
The Tamilaga Vettri Kazhagam (TVK)-led government is facing the same predicament with regard to public finances as the first post-Independence Congress government, headed by C. Rajagopalachari (Rajaji), did in 1957: how to balance welfare schemes with fiscal prudence. This, despite the passage of time and the scale of budgetary outlay having gone up manifold. Presenting…
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