Tax mop-up to digital infra, many positives to cheer up Diwali

The tax collections, and even the non-tax revenues are quite strong, giving the central and state governments more money to spend on infrastructure and social sector projects

It is the festival season, a time when we look at the brighter side of life and spread cheer all around. So, let me look at some of the positives in the economy. 

The inflation is by and large in check thanks to the alacrity of the Reserve Bank of India (RBI) and the central government, especially the finance ministry.  The lower food and commodity prices and sensible policies on imports of crude oil, from Russia in particular, have helped keep the annual rate of inflation hovering around the 6 per cent mark. So, that keeps the interest rates for bank