An autonomous research institute under the Ministry of Finance


RBI is right to prioritise inflation management. But it won’t be easy


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The first bi-monthly meeting of the RBI's Monetary Policy Committee (MPC) for the current financial year reaffirmed its focus on inflation management. While the MPC voted to keep the policy rate unchanged at 4 percent and retained its accommodative stance, the wording was changed to ...."remain accommodative while focusing on ...

RBI’s hawkish stance on liquidity


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With inflation rising, a slower monetary policy tightening by RBI could accelerate de-anchoring of inflation expectations. RBI might “bite the bullet” by hiking policy rates in upcoming MPC meetings.
Against the backdrop of mounting global uncertainties emanating from the Ukraine war and the energy price volatility, RBI has taken ...

Evaluating The After Effects Of Covid-19- Fiscal Policy Options


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That the fallout of Covid 19 was akin to a war, and on several counts more adverse, was both understood and acknowledged from the outset. No sector of the economy was left untouched with livelihoods, incomes and employment severely impacted. If there was unanimity on any issue, it was that ...

Covid-19: Overcoming Economic Slowdown and Financial Stress for building Resilience


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Extracted from a presentation in the Plenary session of the 5th World Congress on Disaster Management, New Delhi on Technology, Finance, Capacity for Building Disaster Resilience.


In the wake of COP-26 which emphatically brought to fore the vulnerability of the developing countries and the vast majority of the population ...

Fragile Futures: The Uncertain Economics of Disasters, Pandemics and Climate Change


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Classical economics was developed for a stable world, for a world that developed along  Darwinian ecological ways. It was realized that individuals faced some future risks (illnesses, death, accidents, unemployment, etc.). These risks could be dealt with by private insurance companies, which developed accordingly. They could also be dealt with ...