The finance ministry has set aside a major portion of its capital expenditure for FY24 for the Indian Railways, correctly seeking to correct the problem of under-investment that plagues the transport sector. But the real issue going forward is working on a plan to ensure that such capex is eventually financially sustainable, the top edit argues. Read it here
In other views:
Ajai Shukla explains why the defence budget, which has fallen to below 2% of GDP for the first time, is inadequate for a country that is seeking to snatch back territory from China.
Read it here
C K G Nair and M S Sahoo suggest ways to make the Insolvency and Bankruptcy Code more effective. Read it here
The second edit says Budget measures will improve financial markets. Read it here
