Optimal use of mineral windfalls

Slowing tax revenue and rising government spending on food security and universal health threaten to send the fiscal deficit skyrocketing next year. To check this, many experts want to raid the surpluses of public sector undertakings (PSUs).  These surpluses have ballooned thanks to a global commodity boom hugely benefiting mineral-producing PSUs, such as ONGC, Coal India, NMDC and Oil India. These profits are unearned windfalls. They should not be frittered away in current government spending. 

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