An autonomous research institute under the Ministry of Finance


Nari Shakti: Gender Budgeting for Women-led Development


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In Union Budget 2023, Finance Minister Smt Nirmala Sitaraman has emphasised on “Nari Shakti” as the harbinger of India’s bright future. As this is the last year before India goes for elections, the government has been focusing on incentivizing the “calculus of consent” through women-led development narratives. 
It ...

Decisions by RBI Monetary Policy Committee


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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


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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


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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 ...

Fiscal Policy for Sustainable Development in Asia-Pacific' is an inspiring read on gender budgeting


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Book Review
Lekha Chakraborty, Fiscal Policy for Sustainable Development in Asia Pacific: Gender Budgeting in India, Palgrave Macmillan, 2021.
Until recently fiscal policy and government budgets were thought to be matters that had no differential impacts on the lives of women and men.  Dr. Lekha Chakraborty has ...