वित्त मंत्रालय के तहत एक स्वायत्त अनुसंधान संस्थान

 

Decisions by RBI Monetary Policy Committee

10/02/2023

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Against the backdrop of geopolitical risks and uncertainties, RBI’s Monetary Policy Committee (MPC) has decided to increase the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.50 per cent with immediate effect. However, it is no clear that RBI will take a break from ...

Kerala Budget: A plan for less painful fiscal consolidation

06/02/2023

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The fiscal consolidation framework mandates all state governments in India to keep their fiscal deficit-GDP ratio at 3.5 percent. The extra-borrowing powers (0.5 percent) of the states are linked to power sector restructuring. Kerala is not an exception to this rule. The fiscal deficit for 2023-24 is pegged ...

Budget: Going beyond the GDP

02/02/2023

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(Co-authored with Balamuraly B.)
 
The Union Budget was presented against the backdrop of geopolitical risks and macroeconomic uncertainties of mounting global inflation. The fiscal arithmetic however is grounded on the path towards fiscal consolidation, pegging a fiscal deficit to 5.9 per cent in FY 23 and to 4 ...