An autonomous research institute under the Ministry of Finance

 

The New Money Challenge

23/01/2023

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(Co-authored with V. Ramya Rajasri Kumar)
 
On Monday, 12th of December 2022, founder of the collapsed crypto exchange FTX, Sam Bankman-Fried was arrested in the Bahamas. FTX crashed almost overnight after failing to meet a run on deposits, throwing the crypto industry into its latest crisis. Earlier in October ...

Budget 2023: Expect the Centre to address fiscal stress faced by states

19/01/2023

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(Co-authored with Balamuraly B)
 
As states are doing the heavy lifting post-pandemic to enhance public investment, we do expect a hike in the capex transfers to the states in the upcoming Union budget
 
There is increasing recognition for state finances in the post-COVID fiscal strategy in India due ...

Budget must keep fiscal policy accommodative; consolidate without affecting recovery: Lekha Chakraborty

19/01/2023

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Fiscal consolidation through tax buoyancy rather than expenditure compression will be a relatively less painful path towards economic growth recovery, according to Lekha Chakraborty.
 
The Union government must keep the fiscal policy accommodative to support growth recovery amid an uncertain global situation and monetary tightening, according to Lekha S ...

Why India needs a Fiscal Council

07/06/2022

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(Co-authored with Emmanuel Thomas)
 
"Fiscal transparency and accountability need to be ensured to create room for market confidence in a high public debt regime. Constituting a Fiscal Council in India is therefore crucial at this juncture to analyse the fiscal risks and to formulate post-pandemic fiscal strategies to ...

Brace yourself for higher interest rates

23/05/2022

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Data released by the National Statistical Office showed that retail inflation had surged to an eight-year high of 7.79 per cent in April driven by higher food and fuel prices. The former rose to 8.38 per cent driven by double-digit inflation in edible oils and vegetables, while inflation ...