This is Classic Recession Which India Has Never Seen Before: Harish Damodaran
The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them.
The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them. The commission will submit its report by November 30. Harish Damodaran, rural and agriculture editor of The Indian Express spoke at a seminar criticising the government's move and termed this scenario as 'classic recession'.
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