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    Home / Author / Mitul Jhaveri
    Mitul Jhaveri
    Articles by Mitul Jhaveri

    India should account for what it owns and owes

    Cash accounting shows spending on new assets more clearly than what happens to those governments already own. A road, bridge, or hospital may deteriorate for years without generating an expense comparable to depreciation, while building a replacement produces visible capital expenditure. (Raju Shinde/HT Photo)
    opinion
    Updated on Oct 27, 2026 24:45 IST
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