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In the post pandemic fiscal strategy, the Indian States are instructed to maintain a fiscal deficit GDP ratio to 3.5 per cent of GSDP, with 0.5 percent extra borrowing powers tied to mandatory power sector reforms. To meet the challenges related to maintaining a robust growth path through ...
Rs 2000 ban by RBI
23/05/2023
As the Rs 2,000 banknote is still a legal tender in India, the likelihood of economic disruptions is comparatively lesser. However, the ease of transactions will be disrupted ex-post to the RBI’s decision to withdraw Rs 2,000 notes.
The Rs 2,000 denomination banknote was ...
What central banks need to consider when making monetary policy in times of war and crisis
11/05/2023
The central banks' lack of understanding about the non-monetary components of inflation in times of war and crisis, driven by disruptions in supply chains is reflected in its policy to tackle inflation through a series of interest rate hikes.
The US Federal Reserve increased policy rates by 25 basis ...
NEW DELHI – In order to achieve its medium-term fiscal consolidation aim of below 4.5% of GDP by 2025-26 (Apr-Mar), the government needs to increase the tax buoyancy since compression of expenditure would hurt economic growth, says Lekha S. Chakraborty, a professor at the National Institute of Public Finance ...
The public budget of a country is one of the earliest economic tools that economists and accountants have had available over the years for their theorizing and their analyzing. Public budgets became available when the public accounts of countries could be separated from the private accounts of those who ran ...